A clause to specify the rate at which interest accrues on amounts of money owed under the contract which are due but remain unpaid. (For more information on when this clause is needed, see Practice Note, Boilerplate: do I really need this clause and why?, especially the section on interest.)

This Standard Clause is available in Chinese. To download a Word version of this standard document in Chinese, click Standard Clause, Interest: China (Chinese Language Version).