The Interim Payment Agreement is essential for projects or services where work is completed and paid for in stages rather than as a single payment. This document is commonly used in New Zealand across various sectors, particularly in construction, consulting, and large-scale service delivery projects. It provides a structured framework for managing progressive payments while ensuring compliance with New Zealand legislation, including the Contract and Commercial Law Act 2017 and the Construction Contracts Act 2002. The agreement typically includes detailed payment schedules, claim procedures, certification requirements, and dispute resolution mechanisms. It's particularly valuable for long-term projects or service arrangements where regular payments are required before the final completion of work.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies and defines all parties to the agreement
2. Background: Explains the context and purpose of the interim payment arrangement
3. Definitions and Interpretation: Defines key terms and establishes interpretation principles
4. Payment Terms: Details the interim payment amounts, frequency, and conditions for payment
5. Payment Claims and Schedules: Outlines the process for submitting and responding to payment claims
6. Payment Procedures: Specifies payment methods, timing, and processing requirements
7. GST and Tax: Addresses GST requirements and tax implications of payments
8. Default and Remedies: Specifies what constitutes default and available remedies
9. Dispute Resolution: Details the process for resolving payment-related disputes
10. General Provisions: Standard contract clauses including notices, amendments, and governing law
1. Security Arrangements: Include when payments need to be secured by bonds, guarantees, or other security measures
2. Interest on Late Payments: Include when specific interest terms for late payments are required
3. Set-off Rights: Include when parties need right to set off payments against other obligations
4. Performance Criteria: Include when interim payments are linked to specific performance or milestone achievements
5. Retention Provisions: Include for construction contracts where retention money is held
6. Early Payment Provisions: Include when early payment discounts or incentives are offered
7. Third Party Rights: Include when payments may involve or affect third party rights
8. Force Majeure: Include when specific events might affect payment obligations
1. Payment Schedule: Details the scheduled dates and amounts for interim payments
2. Payment Claim Form: Template for submitting payment claims
3. Payment Schedule Response Form: Template for responding to payment claims
4. Calculation Method: Detailed methodology for calculating interim payment amounts
5. Security Documents: Forms of security or guarantee documents if required
6. Project Milestones: List of project milestones linked to payment schedule if applicable
7. Contact Details: Key contact information for payment-related communications
Relevant legal definitions
Agreement
Business Day
Claim Date
Completion Date
Contract Price
Due Date
Final Payment
GST
Interest Rate
Interim Payment
Invoice
Material Breach
Outstanding Balance
Payment Amount
Payment Certificate
Payment Claim
Payment Date
Payment Schedule
Payment Terms
Principal
Project
Retention Amount
Services
Specified Amount
Start Date
Statement of Account
Supplier
Term
Variation
Work
Working Day
Notice
Dispute
Security
Guarantor
Default Event
Contract Documents
Approved Claim
Certification
Milestone
Progress Report
Business Day
Claim Date
Completion Date
Contract Price
Due Date
Final Payment
GST
Interest Rate
Interim Payment
Invoice
Material Breach
Outstanding Balance
Payment Amount
Payment Certificate
Payment Claim
Payment Date
Payment Schedule
Payment Terms
Principal
Project
Retention Amount
Services
Specified Amount
Start Date
Statement of Account
Supplier
Term
Variation
Work
Working Day
Notice
Dispute
Security
Guarantor
Default Event
Contract Documents
Approved Claim
Certification
Milestone
Progress Report
Clauses
Interpretation
Payment Terms
Payment Claims
Payment Schedules
Certification
GST
Interest
Security
Default
Dispute Resolution
Set-off Rights
Retention
Performance Requirements
Documentation
Notices
Variation
Force Majeure
Confidentiality
Assignment
Termination
Governing Law
Severability
Entire Agreement
Amendment
Time of the Essence
Good Faith
Waiver
Records and Audit
Insurance
Indemnity
Representations and Warranties
Further Assurance
Costs
Relationship of Parties
Survival
Payment Terms
Payment Claims
Payment Schedules
Certification
GST
Interest
Security
Default
Dispute Resolution
Set-off Rights
Retention
Performance Requirements
Documentation
Notices
Variation
Force Majeure
Confidentiality
Assignment
Termination
Governing Law
Severability
Entire Agreement
Amendment
Time of the Essence
Good Faith
Waiver
Records and Audit
Insurance
Indemnity
Representations and Warranties
Further Assurance
Costs
Relationship of Parties
Survival
Relevant Industries
Construction
Property Development
Engineering
Consulting Services
Professional Services
Information Technology
Project Management
Infrastructure
Manufacturing
Architecture
Relevant Teams
Legal
Finance
Commercial
Procurement
Operations
Project Management
Contract Administration
Accounts Payable
Risk Management
Treasury
Relevant Roles
Contract Manager
Project Manager
Financial Controller
Commercial Manager
Construction Manager
Quantity Surveyor
Chief Financial Officer
Procurement Manager
Legal Counsel
Account Manager
Operations Manager
Finance Director
Find the exact document you need
Royalty Payment Agreement
A New Zealand-governed agreement establishing terms for royalty payments between rights holders and commercial users, including payment terms and compliance requirements.
find out more
Payment Plan Agreement For Vehicle
A New Zealand-compliant agreement establishing terms for vehicle purchase through installment payments, including security interests and payment schedules.
find out more
Private Car Loan Contract
A New Zealand-compliant private car loan agreement establishing terms for vehicle financing under NZ consumer credit laws.
find out more
Employee Payment Agreement
A New Zealand-compliant agreement establishing payment terms and conditions between employer and employee, including salary, deductions, and leave payments.
find out more
Contract Agreement Payment Terms
A New Zealand law-governed agreement establishing payment terms and obligations between contracting parties, including payment schedules, methods, and dispute resolution procedures.
find out more
Agreement To Pay Contract
A New Zealand law-governed agreement that establishes legally binding payment obligations between parties, including payment terms, conditions, and enforcement mechanisms.
find out more
Artist Royalty Agreement
A New Zealand-governed agreement establishing royalty payment terms between artists and commercial entities for creative works exploitation.
find out more
Tenant Payment Agreement
A New Zealand-compliant agreement establishing payment terms and schedules between landlords and tenants for outstanding property-related payments.
find out more
Rent Arrears Agreement Letter
A formal New Zealand legal document outlining rent arrears details and payment arrangements between landlord and tenant, compliant with NZ tenancy laws.
find out more
Rent Payment Agreement Form
A New Zealand-compliant legal agreement establishing rent payment terms and conditions between landlords and tenants.
find out more
Final Payment Contract
A New Zealand-compliant contract that documents final payment terms, work completion, and mutual releases between contracting parties.
find out more
Written Agreement For Payment
A New Zealand-compliant legal document that establishes and enforces structured payment obligations between parties.
find out more
Personal Payment Agreement
A New Zealand-compliant agreement that establishes and governs payment obligations between parties, setting out payment terms, schedules, and obligations.
find out more
Interim Payment Agreement
A New Zealand law-compliant agreement establishing terms for interim or progress payments between parties, including payment schedules and claim procedures.
find out more
Agreement For Partial Payment
A New Zealand-compliant legal agreement establishing terms for partial payment or scheduled repayment of an outstanding debt.
find out more
Contract For Taking Over Payments On A Vehicle
A New Zealand-compliant agreement for transferring vehicle payment obligations from an existing borrower to a new party, including vehicle details and payment terms.
find out more
Contract For Payment Of Services
A New Zealand-governed agreement establishing terms for service provision and payment between service provider and client.
find out more
Debt Release Agreement
A New Zealand-compliant agreement that formally releases a debtor from specified debt obligations, including associated security interests and guarantees.
find out more
Simple Royalty Agreement
A New Zealand-governed agreement establishing terms for licensing intellectual property or assets in exchange for royalty payments.
find out more
Fee Payment Agreement
A New Zealand-governed agreement that establishes terms and conditions for recurring fee payments, including payment schedules, methods, and obligations.
find out more
Advance Payment Agreement Letter
A New Zealand-compliant letter agreement setting out terms and conditions for advance payments, including payment terms and security arrangements.
find out more
Employee Repayment Agreement
A New Zealand-compliant agreement establishing terms for employee repayment of training, education, or equipment costs to their employer.
find out more
Contract For Repayment Of Money
A New Zealand law-governed agreement establishing terms and conditions for money repayment between parties, including loan amount, interest, and repayment schedule.
find out more
Simple Car Loan Agreement
A New Zealand-compliant agreement for vehicle financing that establishes loan terms, security interests, and obligations between lender and borrower.
find out more
Personal Loan Repayment Agreement
A New Zealand-compliant agreement setting out terms and conditions for personal loan repayment, including loan amount, interest rates, and repayment schedule.
find out more
Payment Plan Letter To Debtor
A formal letter outlining agreed debt repayment terms and conditions, compliant with New Zealand debt collection and consumer protection laws.
find out more
Pay Off Agreement
A New Zealand-compliant legal document that establishes terms for debt settlement between creditor and debtor, including payment schedule and release conditions.
find out more
Partial Payment Agreement For House And Lot
A New Zealand-compliant agreement for the purchase of a house and lot through structured partial payments, outlining payment terms and conditions for property transfer.
find out more
Install Agreement
A New Zealand-governed agreement setting out terms and conditions for installation services, including specifications, responsibilities, and compliance requirements.
find out more
Independent Contractor Payment Agreement
A New Zealand-compliant agreement establishing payment terms and conditions between a business and an independent contractor.
find out more
Credit Payment Agreement Letter
A New Zealand-compliant document establishing credit payment terms between a creditor and debtor, including mandatory disclosures under NZ law.
find out more
Car Payment Agreement Between Two Parties
A New Zealand-compliant agreement establishing terms for vehicle purchase through scheduled payments, protecting both seller and purchaser interests.
find out more
Billing Agent Agreement
A New Zealand-governed agreement establishing terms for billing and collection services provided by an agent on behalf of a principal company.
find out more
Arrears Repayment Agreement
A New Zealand-compliant agreement establishing terms and schedule for repayment of outstanding debts between creditor and debtor.
find out more
Accident Payment Agreement Letter
A New Zealand-compliant agreement letter outlining accident compensation payment terms and conditions under the ACC scheme.
find out more
Advance Payment Agreement
A New Zealand-law governed agreement establishing terms and protections for advance payments between parties, including security arrangements and performance obligations.
find out more
Simple Note Payable Agreement
A New Zealand-compliant legal document evidencing a promise to pay a specified sum of money under defined terms and conditions.
find out more
Rental Payment Agreement Letter
A New Zealand-compliant formal letter documenting agreed rental payment terms and conditions between landlord and tenant.
find out more
Payout Agreement
A New Zealand-governed agreement establishing terms and conditions for financial payouts between parties, including payment details, schedules, and associated obligations.
find out more
Pay Settlement Agreement
A New Zealand-compliant legal document that formalizes the settlement of payment-related disputes between employer and employee, including settlement terms and payment conditions.
find out more
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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)