Default (misligholdelse)
Also known as payment default, breach of contract, non-performance, betalingsmisligholdelse, kontraktbrud
Default is when a party fails to perform its side of the agreement — in debt collection, almost always failure to pay on time.
In practice
Payment default arises on the due date. From that moment interest may be charged, and the reminder sequence can begin.
But the default can also be your own: if you have not delivered what was agreed, the debtor can raise an objection, and the claim is then no longer undisputed. That is what decides whether the case can run as a straightforward collection matter.
Where it commonly goes wrong
- You chase an invoice where the delivery was in fact defective. The objection is then justified, and the case becomes expensive.