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1. Parties: Identifies and provides full details of all parties to the agreement
2. Background: Explains the context and purpose of the payment agreement
3. Definitions: Defines key terms used throughout the agreement
4. Payment Terms: Details the amount(s) to be paid, payment schedule, and method of payment
5. Payment Conditions: Specifies any conditions that must be met before payments are made
6. Payment Processing: Describes how payments will be processed, including banking details and transaction requirements
7. Default and Remedies: Outlines what constitutes default and the consequences/remedies available
8. Dispute Resolution: Sets out the process for resolving any disputes related to payments
9. Confidentiality: Addresses the confidentiality of payment information and other sensitive details
10. General Provisions: Contains standard boilerplate clauses including governing law, notices, and amendment procedures
1. Security: Include when payment obligations are secured by assets or guarantees
2. Interest Charges: Include when late payments will incur interest charges
3. Early Payment Provisions: Include when early payment options or discounts are available
4. Third-Party Payments: Include when payments may be made by or to third parties
5. Foreign Currency Provisions: Include when payments involve foreign currency transactions
6. Force Majeure: Include when certain events might affect payment obligations
7. Tax Provisions: Include when specific tax considerations need to be addressed
8. Electronic Payment Terms: Include when specific electronic payment systems or platforms are being used
1. Payment Schedule: Detailed breakdown of payment amounts and due dates
2. Bank Account Details: Specific banking information for processing payments
3. Calculation of Payments: Formula or method for calculating variable payments if applicable
4. Security Details: Details of any security arrangements or guarantees
5. Required Forms: Standard forms required for payment processing
6. Contact Details: List of key contacts for payment-related communications
7. Payment Procedures: Step-by-step procedures for making and processing payments
Business Day
Commencement Date
Confidential Information
Default Event
Due Date
Early Payment
Electronic Payment System
Final Payment Date
Force Majeure Event
GST
Guarantee
Initial Payment
Installment
Interest Rate
Late Payment Fee
Notice
Outstanding Amount
Payment
Payment Account
Payment Amount
Payment Date
Payment Method
Payment Schedule
Payment Terms
Permitted Purpose
Principal Amount
Related Entity
Security
Security Interest
Settlement Date
Terms and Conditions
Total Payment Amount
Transaction
Working Day
Definitions
Payment Obligations
Payment Terms
Payment Methods
Security
Default
Interest
Dispute Resolution
Force Majeure
Confidentiality
Representations and Warranties
Notices
Assignment
Variation
Severability
Waiver
Entire Agreement
Governing Law
Jurisdiction
GST
Costs and Expenses
Electronic Transactions
Third Party Rights
Time of Essence
Further Assurance
Counterparts
Privacy
Termination
Amendment
Financial Services
Real Estate
Construction
Professional Services
Manufacturing
Retail
Technology
Healthcare
Education
Mining
Agriculture
Transport and Logistics
Finance
Legal
Treasury
Accounts Receivable
Accounts Payable
Credit Control
Procurement
Risk Management
Compliance
Operations
Commercial
Chief Financial Officer
Finance Manager
Account Manager
Contract Administrator
Legal Counsel
Treasury Manager
Credit Controller
Financial Controller
Accounts Receivable Manager
Procurement Manager
Business Development Manager
Risk Manager
Compliance Officer
Collections Manager
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