AK · SERVICE-AGMT · Updated July 2026 · Free
Alaska Service Agreement
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Alaska at a glance: Usury Limit: Subject to Alaska usury index · Governing Law: Alaska Statutes
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Overview
Service Agreements in Alaska
Alaska service agreements rely on contract law. Late payment interest is capped under Alaska's usury statutes unless the transaction is commercial and exempt.
Key Facts
Alaska Service Agreement — Quick Reference
| Requirement | Alaska Rule |
|---|---|
| Usury Limit | Subject to Alaska usury index |
| Governing Law | Alaska Statutes |
Legal Requirements
Alaska Legal Requirements
- Late fee rates must comply with Alaska usury regulations.
Governing Laws
Alaska Governing Laws
Alaska Stat. § 45.45.010
Legal Rate of Interest
Establishes usury limits based on the Federal Reserve rate.
Read the full text of these laws at Cornell Law School's Alaska legal resources or your state legislature's official website.
Questions & Answers
Alaska Service Agreement — Frequently Asked Questions
Does Alaska enforce limitation of liability clauses?
Yes, if they are clear and do not excuse gross negligence.