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Billing Agreement
"I need a Billing Agreement for my software company to handle monthly subscription payments from enterprise clients in Singapore, with specific terms for handling late payments and the option to adjust rates annually from January 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the billing agreement
3. Definitions: Key terms used throughout the agreement
4. Payment Terms: Amount, frequency, and method of payments
5. Billing Procedures: Process for generating and sending invoices
6. Term and Termination: Duration of agreement and termination conditions
7. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Late Payment Terms: Penalties and procedures for late payments - include for recurring payments or high-value transactions
2. Currency and Exchange Rates: Specified currency and handling of exchange rate fluctuations - include for international transactions
3. Dispute Resolution: Procedures for handling billing disputes - include for complex or high-value billing arrangements
4. Data Protection: Provisions for handling personal data in accordance with PDPA - include when processing personal data
5. Electronic Transactions: Provisions regarding electronic billing and digital signatures - include when using electronic billing systems
1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts and due dates
2. Schedule 2 - Service Level Agreement: Standards for billing service delivery and response times
3. Schedule 3 - Rate Card: Detailed pricing information and rate calculations
4. Schedule 4 - Banking Details: Account information for payment processing
Authors
Billing Cycle
Billing Date
Business Day
Charges
Commencement Date
Confidential Information
Customer
Due Date
Effective Date
Electronic Payment
Force Majeure
GST
Interest Rate
Invoice
Late Payment Fee
Party/Parties
Payment Method
Payment Terms
Payment Schedule
Services
Service Provider
Singapore Dollars
Term
Territory
Working Hours
Billing Procedures
Payment Methods
Late Payment
Interest Charges
Taxes
Currency
Billing Cycle
Invoice Requirements
Payment Disputes
Service Level Requirements
Term and Duration
Termination
Force Majeure
Confidentiality
Data Protection
Record Keeping
Audit Rights
Notices
Assignment
Variation
Entire Agreement
Severability
Governing Law
Dispute Resolution
Electronic Communications
Amendments
Representatives
Liability
Indemnification
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