A party may not waive the right to receive interest before a payment is due under a contract subject to this section. A party may waive the interest due on any late payment on or after the date the payment is due under Section 8-29-3. (Acts 1995, No. 95-380, p. 775, §5.)
Waiver of Right to Receive Interest
Ala. Code § 8-29-5, under Timely Payments to Contractors and Subcontractors.
Ala. Code § 8-29-5