Payment Terms Agreement Template for Netherlands

1. Early Payment Discounts: Terms for early payment incentives, used when parties agree to implement discount schemes

2. Credit Terms: Specific credit arrangements and limits, included when credit is extended to the paying party

3. Payment Security: Requirements for bank guarantees or other security, used for high-value agreements or with new business relationships

4. Currency Exchange: Rules for handling multiple currencies and exchange rates, included for international transactions

5. Electronic Invoicing: Specific requirements for e-invoicing systems and processes, included when parties use electronic invoicing

6. Group Company Provisions: Terms applying to affiliated companies, included when agreement covers multiple related entities

7. Force Majeure: Provisions for payment obligations during force majeure events, included for long-term payment arrangements

1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts, dates, and milestones if applicable

2. Schedule 2 - Invoice Template: Standard format and required contents for invoices

3. Schedule 3 - Authorized Representatives: List of persons authorized to approve payments or handle payment-related matters

4. Schedule 4 - Bank Account Details: Banking information for authorized payment transfers

5. Appendix A - Interest Calculation Method: Detailed methodology for calculating late payment interest

6. Appendix B - Dispute Resolution Procedures: Step-by-step procedures for handling payment disputes