Partnership Payment Agreement Template for Saudi Arabia

1. Profit Sharing Mechanism: Detailed breakdown of profit sharing calculations and distributions (include if partnership involves profit sharing)

2. Electronic Payment Systems: Specific provisions for electronic payment systems and digital platforms (include if electronic payments are primary method)

3. Currency Exchange: Provisions for handling multiple currencies and exchange rates (include for international partnerships)

4. Security Arrangements: Details of any security or guarantees for payment obligations (include if security is required)

5. Intellectual Property: Protection and usage of IP in the partnership (include if IP is relevant to the partnership)

6. Force Majeure: Provisions for handling unforeseen circumstances affecting payments (include based on risk assessment)

7. Change Control: Procedures for changing payment terms or partnership structure (include for complex arrangements)

8. Compliance with SAMA Regulations: Specific provisions ensuring compliance with Saudi Arabian Monetary Authority requirements (include for financial service partnerships)

1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts, dates, and calculation methods

2. Schedule 2 - Bank Account Details: Banking information for all parties, including account numbers and bank codes

3. Schedule 3 - Financial Reporting Template: Standard format for financial reports and statements

4. Schedule 4 - Partnership Ownership Structure: Detailed breakdown of partnership shares and ownership rights

5. Schedule 5 - Compliance Requirements: Checklist of regulatory compliance requirements and deadlines

6. Appendix A - Required Documentation: List of documents required for payment processing and verification

7. Appendix B - Contact Details: Key contacts for payment-related communications and escalations

8. Appendix C - Service Level Agreement: Performance metrics and standards for payment processing