All Countries
Banking
Payment Arrangement Contract

Payment Arrangement Contract Template for Austria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Payment Arrangement Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Payment Arrangement Contract

"I need a Payment Arrangement Contract under Austrian law for a €50,000 business debt to be repaid in monthly installments over 18 months starting January 2025, with acceleration clauses if payments are missed and provisions for early repayment discounts."

Celebrated by
Collaborations with
Investors
Document background
The Payment Arrangement Contract is a crucial legal instrument used in Austrian business and financial transactions to formalize the terms of debt repayment or financial obligations. This document type is particularly relevant when parties need to establish a structured payment plan for existing debts, modify payment terms, or consolidate multiple payment obligations. It must comply with Austrian legal requirements, including the Austrian Civil Code (ABGB), Consumer Protection Act (KSchG), and relevant banking regulations. The contract typically includes detailed payment schedules, interest calculations, default provisions, and enforcement mechanisms. It's commonly used in both business-to-business and business-to-consumer contexts, offering flexibility while maintaining legal enforceability under Austrian jurisdiction.
Suggested Sections

1. Parties: Identification of all parties involved, including full legal names, addresses, and registration details if companies

2. Background: Context of the debt or payment obligation, including origin of the debt and current status

3. Definitions: Key terms used throughout the agreement, including Payment Days, Default Events, etc.

4. Acknowledgment of Debt: Clear statement of the total amount owed and acknowledgment by the debtor

5. Payment Terms: Detailed payment schedule, including amounts, frequencies, and payment methods

6. Default Provisions: Consequences of missing payments, including default interest and acceleration rights

7. Bank Account Details: Specified account(s) for payments and accepted payment methods

8. Representations and Warranties: Basic declarations about capacity to enter agreement and validity of debt

9. Notices: How and where formal communications between parties should be made

10. Governing Law and Jurisdiction: Confirmation of Austrian law application and jurisdiction

Optional Sections

1. Security Provisions: Required when the payment arrangement is secured by collateral or guarantees

2. Tax Provisions: Include when tax implications need to be explicitly addressed

3. Early Payment Provisions: Optional terms for early payment discounts or prepayment rights

4. Multiple Debt Consolidation: Include when arrangement covers multiple debts or obligations

5. Third Party Rights: Required when other parties have rights under the arrangement (e.g., guarantors)

6. Confidentiality: Include for business-to-business arrangements where privacy is important

7. Force Majeure: Optional protection against unforeseen circumstances affecting payment ability

8. Debt Restructuring Provisions: Include when arrangement involves debt modification or restructuring

Suggested Schedules

1. Payment Schedule: Detailed table of payment dates, amounts, and running balance

2. Original Debt Documentation: Copies of original contracts, invoices, or other debt evidence

3. Security Documentation: Details of any collateral or security arrangements if applicable

4. Bank Account Details: Complete banking information for payments

5. Calculation of Interest: Breakdown of interest calculations and accumulated amounts

6. Contact Details: List of relevant contact persons and their details for both parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Original Debt
Outstanding Amount
Payment Schedule
Payment Date
Business Day
Default Event
Default Interest Rate
Default Notice
Early Payment
Interest Rate
Payment Method
Permitted Payment Currency
Principal Amount
Security
Term
Effective Date
Force Majeure Event
Insolvency Event
Material Adverse Change
Parties
Payment Account
Repayment Period
Settlement Amount
Working Hours
Applicable Law
Banking Day
Creditor
Debtor
Due Date
Guarantor
Notice
Payment Confirmation
Prepayment
Related Documents
Relevant Industries

Financial Services

Banking

Retail

Manufacturing

Professional Services

Construction

Healthcare

Education

Real Estate

Technology

Telecommunications

Energy

Transport and Logistics

Relevant Teams

Legal

Finance

Accounts Receivable

Credit Control

Treasury

Compliance

Risk Management

Collections

Customer Service

Business Development

Contract Management

Relevant Roles

Chief Financial Officer

Finance Manager

Credit Controller

Accounts Receivable Manager

Collections Manager

Legal Counsel

Compliance Officer

Treasury Manager

Financial Controller

Credit Risk Manager

Debt Recovery Specialist

Business Development Manager

Contract Manager

Account Manager

Financial Analyst

Industries
Austrian Civil Code (ABGB): The fundamental civil law code that governs contractual obligations, including provisions about payment terms, default, and contractual penalties (§§ 918-921 on default, §§ 1333-1335 on default interest)
Consumer Protection Act (KSchG): Regulates contracts between businesses and consumers, including special provisions for payment arrangements and installment plans
Austrian Banking Act (BWG): Relevant for payment arrangements involving credit institutions and payment services
Payment Services Act (ZaDiG 2018): Implements EU Payment Services Directive (PSD2), relevant for electronic payment arrangements and payment service providers
Federal Fiscal Code (BAO): Relevant for tax implications of payment arrangements and documentation requirements
Interest Rate Act (ZinsG): Governs legal interest rates and maximum interest rates for late payments
Debt Collection Act (RGBl): Provides framework for debt collection and enforcement of payment obligations
EU Late Payment Directive (2011/7/EU) as implemented in Austrian law: Specifies rules for payment terms and consequences of late payment in commercial transactions
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Payment Arrangement Contract

An Austrian law-governed agreement establishing payment terms and conditions for settling financial obligations between parties.

find out more

Monthly Payment Agreement

An Austrian law-governed agreement establishing terms and conditions for recurring monthly payments between parties, including payment schedules, methods, and default provisions.

find out more

Full Payment Agreement

An Austrian law-governed agreement establishing terms for full debt payment, including payment schedule, interest rates, and enforcement provisions.

find out more

Contract For Payment Agreement

An Austrian law-governed agreement that establishes formal terms and schedules for debt repayment between parties, ensuring compliance with Austrian civil and commercial regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.