Issuing an invoice does not, by itself, guarantee payment.
When a client fails to pay, the creditor may use legal mechanisms to recover the debt, including payment order proceedings and, where applicable, enforcement proceedings.
Late-payment interest may also be due, depending on the applicable legal framework.
That is why, when an invoice becomes overdue, acting promptly can be crucial to recovering the debt.
*This information is of a general and abstract nature. Therefore, any decisions regarding these matters should be made with the support of qualified professionals and assessed on a case-by-case basis. Should you require further clarification on this topic, please contact us at soc.advogados@magnaadvogados.pt.
Comprising a young and dynamic team, MAGNA operates across a wide range of legal areas, with particular focus on financial and banking law, tax law, employment law, and civil law, providing integrated and multidisciplinary support centred on clients’ needs.