All Countries
Banking
Monthly Payment Agreement

Monthly Payment Agreement Template for Indonesia

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

4.6 / 5
4.8 / 5

Let's create your Monthly Payment Agreement

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:

Monthly Payment Agreement

"I need a Monthly Payment Agreement for my software company to set up recurring payments of IDR 5,000,000 per month from a corporate client in Jakarta, with payments starting from March 1, 2025, including provisions for electronic payments and late payment penalties."

Celebrated by
Collaborations with
Investors
Document background
The Monthly Payment Agreement serves as a fundamental legal instrument for structuring recurring payment obligations in Indonesia. This document is essential when parties need to establish a formal arrangement for regular monthly payments, whether for services, goods, loans, or other financial obligations. It is commonly used in various business contexts and must comply with Indonesian Civil Code requirements, Bank Indonesia regulations, and relevant financial services laws. The agreement includes comprehensive payment terms, default provisions, and remedies, making it suitable for both business-to-business and business-to-consumer arrangements. It should be drafted with consideration of both traditional and electronic payment methods, as regulated by Indonesian electronic transaction laws.
Suggested Sections

1. Parties: Identifies and provides complete details of the parties entering into the agreement

2. Background: Explains the context and purpose of the monthly payment arrangement

3. Definitions: Defines key terms used throughout the agreement

4. Payment Terms: Specifies the payment amount, due dates, and payment methods

5. Payment Schedule: Details the timing and frequency of payments

6. Late Payment and Penalties: Outlines consequences and fees for missed or late payments

7. Duration and Termination: Specifies the agreement term and conditions for early termination

8. Obligations of the Parties: Lists the responsibilities and obligations of both parties

9. Default and Remedies: Describes what constitutes default and available remedies

10. Notices: Specifies how formal communications between parties should be made

11. Governing Law: Confirms Indonesian law as governing law and jurisdiction

12. Entire Agreement: Standard clause confirming this document represents the complete agreement

Optional Sections

1. Electronic Payments: Include when payments will be made through electronic means, specifying the electronic payment system and security measures

2. Guarantor: Include when a third party is guaranteeing the payments

3. Collateral: Include when specific assets are being used as security for the payment obligations

4. Insurance: Include when insurance is required to secure the payment obligations

5. Force Majeure: Include when parties want to address circumstances that may prevent payment due to unforeseen events

6. Confidentiality: Include when payment terms or other agreement details should remain confidential

7. Assignment: Include when either party may need to transfer their rights or obligations under the agreement

Suggested Schedules

1. Payment Schedule Detail: Detailed breakdown of payment amounts, dates, and installments

2. Bank Account Details: Specific banking information for making payments

3. Late Payment Fee Structure: Detailed breakdown of penalties and interest rates for late payments

4. Supporting Documents: Copies of relevant identification documents, licenses, or permits

5. Collateral Documentation: If applicable, details and documentation of any collateral

6. Payment History Template: Template for recording and tracking payment history

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
Business Day
Commencement Date
Confidential Information
Default Event
Due Date
Electronic Payment System
Force Majeure Event
Interest Rate
Late Payment Fee
Monthly Payment
Payment Currency
Payment Method
Payment Schedule
Payment Term
Parties
Payer
Payee
Penalty Interest
Principal Amount
Relevant Banking Authority
Security Interest
Term
Total Outstanding Amount
Working Hours
Bank Indonesia
Electronic Transaction
Applicable Law
Notice
Material Breach
Guarantor
Collateral
Payment Platform
Default Notice
Business Hours
Relevant Industries

Financial Services

Real Estate

Education

Healthcare

Retail

Technology Services

Manufacturing

Professional Services

Construction

Telecommunications

Utilities

Insurance

Automotive

Property Management

Relevant Teams

Legal

Finance

Accounts Receivable

Treasury

Risk Management

Compliance

Operations

Credit Control

Collections

Customer Service

Business Development

Contract Administration

Relevant Roles

Finance Manager

Accounts Receivable Manager

Chief Financial Officer

Legal Counsel

Contract Administrator

Credit Controller

Business Development Manager

Account Manager

Collections Specialist

Treasury Manager

Risk Manager

Compliance Officer

Financial Controller

Operations Manager

Industries
Indonesian Civil Code (Kitab Undang-undang Hukum Perdata): Provides the fundamental legal framework for contracts, including requirements for valid agreements, parties' obligations, and contract termination conditions
Law No. 8 of 1999 on Consumer Protection: Establishes rights and obligations of parties in consumer transactions, including protection against unfair payment terms and transparency requirements
Law No. 19 of 2016 on Electronic Information and Transactions: Regulates electronic transactions and digital signatures, relevant for online payment arrangements and electronic payment methods
Bank Indonesia Regulation No. 18/40/PBI/2016: Governs payment transaction processing and payment system operations in Indonesia
Law No. 23 of 1999 on Bank Indonesia: Establishes the regulatory framework for payment systems and monetary obligations in Indonesia
Government Regulation No. 82 of 2012: Regulates the implementation of electronic systems and transactions, including requirements for electronic payment systems
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

Letter Of Debt Payment Agreement

An Indonesian law-governed document establishing debt repayment terms and conditions between creditor and debtor, with defined payment schedules and obligations.

find out more

Partial Payment Agreement Letter

An Indonesian law-governed letter establishing terms for partial debt payment arrangements between creditor and debtor.

find out more

Affidavit Of Payment Agreement

An Indonesian legal document combining a sworn statement with payment agreement terms, used to formally acknowledge and structure debt obligations under Indonesian law.

find out more

Contract Of Repayment

An Indonesian law-governed agreement documenting debt obligations and repayment terms between parties, ensuring legal enforceability under Indonesian jurisdiction.

find out more

Rent Payment Contract

An Indonesian law-governed agreement establishing rent payment terms and conditions between landlord and tenant, including payment schedules and obligations.

find out more

Agreement To Pay

An Indonesian law-governed agreement that formalizes debt obligations and payment terms between parties, establishing legally binding repayment commitments.

find out more

Fee Payment Agreement

An Indonesian law-governed agreement establishing fee payment terms and conditions between parties, including payment schedules and obligations.

find out more

Advance Payment Agreement Letter

An Indonesian law-governed letter documenting terms and conditions for advance payment arrangements between parties, including payment details, security measures, and compliance requirements.

find out more

Contract For Repayment Of Money

An Indonesian law-governed agreement establishing terms and conditions for debt repayment between parties, including payment schedule and default provisions.

find out more

Tripartite Agreement For Third Party Payment

An Indonesian law-governed agreement establishing a three-party payment arrangement where a third party assumes payment obligations between two other parties.

find out more

Payment Schedule Agreement

An Indonesian law-governed agreement that establishes structured payment terms, schedules, and conditions between parties, detailing payment obligations and compliance requirements.

find out more

Payment Agreement Letter

A legally binding document under Indonesian law that formalizes payment obligations between parties, detailing payment terms and conditions.

find out more

Loan Repayment Agreement Letter

An Indonesian-law governed letter documenting loan repayment terms and conditions between lender and borrower, establishing a legally binding repayment commitment.

find out more

Lot Payment Agreement

An Indonesian law-governed agreement establishing terms and conditions for lot purchase payments and property transfer arrangements.

find out more

Down Payment Contract

An Indonesian law-governed agreement establishing terms and conditions for down payments in commercial transactions, ensuring legal protection for all parties involved.

find out more

Advance Payment Contract

An Indonesian law-governed contract establishing terms and conditions for advance payment arrangements, including security measures and delivery obligations.

find out more

Advance Payment Agreement

An Indonesian law-governed agreement establishing terms for advance payments, including security arrangements and compliance with local banking and currency regulations.

find out more

Third Party Payment Contract

An Indonesian law-governed agreement establishing terms for third-party payment arrangements, compliant with local banking and payment system regulations.

find out more

Royalty Contract

An Indonesian law-governed agreement establishing terms for royalty payments in exchange for intellectual property usage rights.

find out more

Prepayment Agreement

An Indonesian law-governed agreement establishing terms for advance payment arrangements, including payment terms, delivery obligations, and security provisions.

find out more

Payout Agreement

An Indonesian law-governed agreement establishing payment terms and obligations between parties, ensuring compliance with local financial regulations and currency laws.

find out more

Payment Undertaking Agreement

An Indonesian law-governed agreement establishing formal payment obligations between parties, with specific terms and conditions for payment fulfillment and security.

find out more

Payment Guarantee Agreement

An Indonesian law-governed agreement where a guarantor ensures payment obligations of a debtor to a beneficiary, subject to Indonesian Civil Code and banking regulations.

find out more

Pay Settlement Agreement

An Indonesian law-governed agreement that documents the settlement of payment-related matters between employer and employee, including payment terms and mutual releases.

find out more

Non Refundable Payment Agreement

An Indonesian law-compliant agreement establishing terms and conditions for non-refundable payments between parties, with clear acknowledgment of payment finality.

find out more

Letter Of Repayment Agreement

An Indonesian law-governed agreement establishing debt repayment terms between creditor and debtor, including payment schedule and default provisions.

find out more

Letter Of Commission Payment

An Indonesian law-governed document that formally confirms and details commission payment arrangements between a company and its representatives or agents.

find out more

Invoicing Agreement

An Indonesian law-governed agreement establishing invoicing terms, conditions, and compliance requirements between contracting parties.

find out more

Final Payment Agreement Letter

An Indonesian law-governed document that formalizes the terms and conditions of a final payment to settle an outstanding financial obligation.

find out more

Entrusted Payment Agreement

An Indonesian law-governed agreement establishing an arrangement where one party authorizes another to make payments to specified beneficiaries on their behalf.

find out more

Deferred Payment Contract

An Indonesian law-governed agreement establishing terms for scheduled future payments between parties, with defined payment obligations and security arrangements.

find out more

Deferment Agreement

An Indonesian law-governed agreement that modifies existing payment obligations by establishing new payment terms and schedules, while maintaining compliance with Indonesian civil law and financial regulations.

find out more

Agreement Letter For Down Payment

An Indonesian law-governed letter documenting down payment terms and conditions between parties, serving as a legally binding record of advance payment arrangements.

find out more

Earnout Agreement

Indonesian law-governed agreement setting terms for performance-based additional purchase price payments in M&A transactions.

find out more

Monthly Payment Agreement

An Indonesian law-compliant agreement establishing terms and conditions for recurring monthly payment obligations between parties.

find out more

Layaway Agreement

An Indonesian law-governed agreement between retailer and customer for installment-based purchases with merchandise retention until full payment.

find out more

Repayment Contract Agreement

An Indonesian law-governed agreement establishing terms and conditions for debt repayment, including payment schedule, interest rates, and enforcement mechanisms.

find out more

Rent Payment Agreement

An Indonesian law-governed agreement specifying rental payment terms, schedules, and obligations between landlord and tenant.

find out more

Payment Schedule Contract

An Indonesian law-governed contract that establishes structured payment arrangements between parties, detailing payment terms, schedules, and obligations.

find out more

Debt Repayment Agreement

An Indonesian law-governed agreement establishing terms and conditions for debt repayment, including payment schedule, interest, and default provisions.

find out more

Agreement For Deposit Payment

An Indonesian law-governed agreement establishing terms and conditions for deposit payments, including payment terms, refund conditions, and party obligations.

find out more

Repayment Agreement

An Indonesian law-governed agreement that establishes formal terms and schedule for debt repayment, including payment terms, interest rates, and parties' obligations.

find out more

Payment Plan Agreement

An Indonesian law-governed agreement establishing structured payment terms and schedules for debt repayment, compliant with local banking and consumer protection regulations.

find out more

Loan Repayment Agreement

An Indonesian law-governed agreement that establishes formal terms and conditions for loan repayment between lender and borrower, compliant with OJK regulations.

find out more

Billing Agreement

An Indonesian law-governed agreement establishing billing terms and conditions between parties, including payment procedures and regulatory compliance requirements.

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.