Late Payment Act 2002
Glossary
The Law of 2 August 2002 on commercial transactions aims to combat late payments between businesses (B2B). It establishes rules to encourage timely payments, strengthen creditor protection, and promote fair commercial practices.
Updated: 26/02/2026
The definitions presented in this section reflect the Belgian context, unless stated otherwise. The texts are intended to summarise the concepts in everyday language and should not be regarded as exhaustive or definitive. Suggestions or adjustments may always be sent to glossary@tcm.be.
Glossary
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