§ 45. Interest when you pay late
Machine-translated from Norwegian. The Norwegian text is the one that applies. Read the original in Norwegian.Norsk English العربية Polski Українська
The text of the law (unofficial translation)
§ 45. Interest (rente) and compensation for lost interest (rentetaperstatning)
What does this mean?
The section gives the tradesperson (håndverker) the right to interest and compensation for lost interest (compensation for the interest he loses) when you do not pay the price or another outstanding amount on time. More detailed rules are set out in the Late Payment Interest Act (forsinkelsesrenteloven), which the section refers to. The claim applies both to the price itself and to other amounts that fall due under the job (oppdrag). The section is one of the remedies that § 41 lists in the event of delay (forsinkelse) on your part, together with, among others, suspension of work (stansing) in § 42 and cancellation of the contract (heving) in § 43.