Monthly Payment Agreement Template for Saudi Arabia

1. Security: Additional security arrangements such as guarantees or collateral, used when additional payment security is required

2. Force Majeure: Provisions for unforeseen circumstances affecting payment ability, included for longer-term payment arrangements

3. Assignment: Rights to assign payment obligations, included when transferability might be needed

4. Confidentiality: Provisions for keeping payment terms private, used in business-to-business contexts

5. Electronic Payments: Specific provisions for digital payment methods, included when electronic payments are primary method

6. Late Payment Charges: Sharia-compliant compensation for delayed payments, included when agreed between parties

7. Third Party Rights: Rights of guarantors or other involved parties, included when third parties are involved in securing payments

1. Payment Schedule: Detailed table of payment dates and amounts

2. Payment Processing Details: Bank account information and payment processing procedures

3. Required Documentation: List of documents required for payment processing

4. Contact Information: Detailed contact information for payment-related communications

5. Security Documents: Copies or details of any security arrangements or guarantees

6. Calculation Method: Explanation of how payment amounts are calculated (ensuring Sharia compliance)