Periods of notice? And late payment %?
I'm just going through the MM contracts, and I'm not sure what to put down in a few of the spaces.
How many days notice do you require for them to inform you of holiday they wish to take?
How many days notice do you give them if you are going to take holiday?
How many days notice do you give them if you are going to terminate the contract due to behavior issues (I thought I read somewhere that this can be a reason for immediate termination)?
And lastly, what % of outstanding debt is reasonable to add on as a penalty for late payment of fees? I have already done my fees policy which I had stated a flat sum of £10 per day for 5 days, but MM contracts require you to write a %age so I'm not sure what is the norm?
Thank you once again for any advice or help, I really appreciate it!