Consulting Agreement Payment Terms Template for Philippines

1. Milestone-Based Payments: Include when payments are tied to specific project milestones or deliverables

2. Performance Bonuses: Include when additional payments are linked to performance metrics

3. International Payment Provisions: Include for cross-border consulting arrangements

4. Expense Reimbursement: Include when the agreement covers reimbursable expenses

5. Force Majeure Impact on Payments: Include when needed to address payment obligations during extraordinary circumstances

6. Multiple Currency Handling: Include when payments may be made in different currencies

7. Third-Party Payment Processors: Include when using specific payment platforms or processors

8. Advance Payment Terms: Include when advance payments or deposits are required

1. Schedule A - Fee Structure: Detailed breakdown of all fees, rates, and payment amounts

2. Schedule B - Payment Milestones: Specific project milestones linked to payment triggers

3. Schedule C - Expense Categories: List of approved reimbursable expenses and their limits

4. Schedule D - Invoice Template: Standard format for invoices and required supporting documents

5. Schedule E - Performance Metrics: Metrics and calculations for performance-based payments

6. Appendix 1 - Bank Details: Banking information for both parties

7. Appendix 2 - Tax Forms: Required tax documentation and forms

8. Appendix 3 - Currency Conversion Methodology: Agreed methods for handling currency conversions and exchange rates