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1. Parties: Identification of the account holder (payer) and the payment recipient (payee), including full legal names, addresses, and relevant identification numbers
2. Background: Brief context explaining the purpose of the auto payment arrangement and the relationship between the parties
3. Definitions: Key terms used throughout the agreement, including banking, payment, and technical terms
4. Payment Authorization: Express authorization from the account holder for automatic debits, including scope and nature of the authorization
5. Payment Terms: Details of payment amounts, frequency, payment dates, and any variation mechanisms
6. Duration: Term of the agreement, including start date and any renewal provisions
7. Modification and Cancellation: Procedures for modifying payment details or canceling the auto payment arrangement
8. Failed Payments: Procedures and consequences for failed or rejected payments
9. Notices: Requirements for communications between parties, including payment notifications
10. Data Protection: Provisions for handling personal and financial information in compliance with UAE regulations
11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
1. Multiple Account Provisions: Additional terms for arrangements involving multiple bank accounts or backup payment sources
2. International Payments: Specific provisions for cross-border payments, including currency conversion and additional fees
3. Direct Debit Guarantee: Additional protections and guarantees for the payer, particularly relevant for consumer agreements
4. Variable Amount Provisions: Special terms for arrangements where payment amounts may vary
5. Force Majeure: Provisions for handling payment disruptions due to circumstances beyond parties' control
6. Third Party Rights: Terms regarding the involvement of payment processors or other third parties
7. Islamic Banking Compliance: Additional provisions ensuring compliance with Sharia principles for Islamic banking arrangements
1. Schedule 1 - Payment Details: Detailed schedule of payment amounts, dates, and frequency
2. Schedule 2 - Bank Account Information: Banking details for both parties, including account numbers and bank codes
3. Schedule 3 - Fee Schedule: Breakdown of any applicable fees, charges, and payment processing costs
4. Appendix A - Required Documents: List of supporting documents required for the auto payment setup
5. Appendix B - Payment Processing Procedures: Technical details of the payment processing mechanism and timelines
6. Appendix C - Contact Information: Detailed contact information for both parties' authorized representatives
Account Holder
Agreement
Authorized Payment
Banking Day
Cancellation Notice
Commencement Date
Direct Debit
Due Date
Electronic Authorization
Failed Payment
Financial Institution
IBAN
Invoice
Late Payment Fee
Maximum Payment Amount
Modification Notice
Payment Date
Payment Instruction
Payment Period
Payment Processor
Payment Schedule
Payment Service Provider
Payment Terms
Processing Fee
Recipient
Recurring Payment
Reference Number
Refund
Regular Payment Amount
Service Fee
Standing Order
Transaction Record
UAE Central Bank
UAE Dirham
Authorization
Payment Terms
Duration
Modification
Termination
Default
Force Majeure
Confidentiality
Data Protection
Notices
Assignment
Severability
Entire Agreement
Dispute Resolution
Governing Law
Indemnification
Liability
Amendment
Representations and Warranties
Electronic Communications
Processing Procedures
Security
Compliance
Third Party Rights
Waiver
Banking & Financial Services
Telecommunications
Utilities
Insurance
Real Estate
Subscription Services
Education
Healthcare
Property Management
Professional Services
Legal
Finance
Accounts Receivable
Treasury
Compliance
Operations
Customer Service
Risk Management
Banking Operations
Contract Administration
Finance Manager
Accounts Receivable Manager
Treasury Manager
Contract Administrator
Legal Counsel
Compliance Officer
Financial Controller
Banking Operations Manager
Payment Services Manager
Account Manager
Credit Controller
Business Development Manager
Risk Manager
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