Define: Form of Payment

Form of Payment means disbursement in a lump sum or substantially equal installments within a set timeframe.

Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI

Form of Payment means disbursement in a lump sum or substantially equal installments within a set timeframe.

Relevant Circumstances

  • Payment terms in a contract
  • Compensation agreement in an employment contract
  • Installment payments for a product or service

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