Payment Settlement Agreement Template for Indonesia

1. Installment Payment Schedule: Detailed schedule of multiple payments when settlement is not made in a single payment

2. Security Arrangements: Details of any collateral or security provided to guarantee the settlement payments

3. Third Party Guarantees: Terms of any third-party guarantees securing the settlement payments

4. Default and Remedies: Specific consequences and remedies in case of payment default

5. Tax Provisions: Allocation of tax responsibilities when tax implications are significant

6. Force Majeure: Provisions for unforeseen circumstances affecting payment ability

7. Conditions Precedent: Any conditions that must be met before the agreement becomes effective

8. Early Payment Provisions: Terms for early payment options and any associated discounts

1. Schedule A - Payment Details: Detailed breakdown of the settlement amount and payment calculations

2. Schedule B - Bank Account Information: Complete banking details for payment processing

3. Schedule C - Supporting Documents: List of relevant supporting documents such as original contracts or invoices

4. Schedule D - Payment Confirmation Form: Template for confirming receipt of payments

5. Schedule E - Security Documents: Copies or details of any security documents if applicable

6. Appendix 1 - Original Debt Documentation: Copies of documents evidencing the original debt or obligation

7. Appendix 2 - Power of Attorney: If applicable, power of attorney documents for signatories