California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 10.5 — Partition of Real and Personal Property, Chapter 4 — Referees, Article 2 — Contracts of Referee, Section 873.150
A contract for the services of an attorney, surveyor, auctioneer, or other third person may provide for the accrual of interest at a rate not in excess of the legal rate for amounts due under the contract that are not paid within three months after the time they become due and payable.
Notes
Allows a contract for services of an attorney, surveyor, auctioneer, or other third person to provide for interest on unpaid amounts due under the contract. Interest may begin when an amount remains unpaid for three months after becoming due and payable, and the stated rate may not exceed the legal rate.
Use as reference
Lexinter.net | California Code, Code of Civil Procedure - CCP § 873.150 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-10-5/chapter-4/article-2/section-873-150