German business practices

[mike]

 --- Phil Payne <quattro at isham-research.com> wrote:
>
> In general, when you do business with a German
> company you also accept their "AGB" -
> Allgemeine Geschäftsbedingungen.  These _can_ be
> interesing - for instance, sometimes they
> give you an automatic discount of a few percent (2
> to 4) if you pay very promptly.  OTOH -
> they can levy interest on outstanding balances after
> (perhaps) 21 days.
>

Same in the uk, at least business to business

maybe 20% of our suppliers offer settlement discounts

the right to interest on ovedue invoices (>30 days) is
law, the rate is either 4 or 8% over base rate

mike

__________________________________________________
Do You Yahoo!?
Everything you'll ever need on one web page
from News and Sport to Email and Music Charts
http://uk.my.yahoo.com