The Dairy Industry (Milk Sales Contract) Regulations

7. Prompt payment

Edition: 2022-12-31 · In force

7. Prompt payment

(1)A buyer shall pay a seller for milk delivered in the month as provided in the contractual arrangements after the end of the month in which the supply is made.

(2)Where a buyer defaults in paying the seller within time, the amount due shall attract simple interest on monthly basis, in accordance with the prevailing base rate published by the Central Bank of Kenya, till payment is made in full.

(3)The seller may request the Board to intervene in any instance where the buyer fail or neglects to honor the contractual obligations regarding the payments of sum/s due to the seller.

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Source: Kenya Law