The Payment Terms Agreement is essential for businesses operating in Singapore seeking to establish clear, legally enforceable payment arrangements. This document is particularly crucial in commercial transactions where regular payments are involved or where significant financial commitments need to be documented. The agreement complies with Singapore's legal framework, including the Contract Act and Payment Services Act 2019, and can be customized to address various payment scenarios, from simple recurring payments to complex international transactions. It serves as a vital tool for risk management and financial planning, providing clarity on payment obligations and consequences of default.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the payment terms agreement
3. Definitions: Key terms and their meanings used throughout the agreement
4. Payment Terms: Core payment obligations, amounts, and timelines
5. Payment Method: Acceptable methods of payment and processing details
6. Due Dates: Payment schedule and deadlines for all payments
7. Late Payment Consequences: Interest rates, penalties, and remedies for delayed payments
8. Term and Termination: Duration of agreement and conditions for termination
1. Early Payment Discounts: Terms and conditions for early payment incentives and discounts
2. Currency Provisions: Rules and procedures for handling multiple currencies and exchange rates
3. Security Requirements: Details of any required security deposits, guarantees, or collateral
4. Force Majeure: Provisions for handling unforeseen circumstances affecting payment obligations
1. Payment Schedule: Detailed breakdown of payment amounts, frequencies, and due dates
2. Bank Account Details: Complete banking information for processing payments
3. Interest Rate Calculation: Detailed formula and methodology for calculating late payment interest
4. Required Documentation: List of documents required for payment processing and verification
Find the exact document you need
Lease Transfer Form
A legal document under Singapore law that enables the transfer of lease rights and obligations from one tenant to another, with landlord approval.
Download
Graphic Design Agreement
A Singapore law-governed agreement establishing terms between graphic designers and clients for design services.
Download
House Rental Lease
A Singapore-compliant residential lease agreement establishing terms and conditions for property rental between landlord and tenant.
Download
House Rental Form
A standardized rental agreement form for residential properties in Singapore, compliant with local housing laws.
Download
Design Services Agreement
A Singapore-law governed agreement establishing terms for professional design services between a service provider and client.
Download
Residential Lease Extension
A Singapore-compliant legal agreement extending an existing residential lease between landlord and tenant for an additional term.
Download
Commercial Lease Extension Letter
A formal document under Singapore law used to extend an existing commercial lease agreement, specifying extension terms and conditions.
Download
Childcare Agreement
A Singapore-compliant agreement establishing terms and conditions between childcare providers and parents/guardians for childcare services.
Download
Facility Management Agreement
A legal agreement governing facility management services in Singapore, outlining service provider responsibilities, standards, and compliance with local regulations.
Download
Accounting Services Agreement
A Singapore-law governed agreement establishing terms for professional accounting services provision, including scope, fees, and compliance requirements.
Download
Recruitment Service Agreement
A Singapore-law governed agreement between recruitment agencies and clients for professional recruitment services.
Download
Service Order Agreement
A Singapore-law governed agreement that sets out terms and conditions for the provision of specific services between parties.
Download
Employee Service Agreement
A Singapore-compliant employment contract establishing terms and conditions between employer and employee.
Download
Virtual Office Lease Agreement
A Singapore-compliant agreement governing virtual office services, including business address usage and related services.
Download
Tutoring Contract
A Singapore-law governed contract establishing terms and conditions for tutoring services, including service scope, payment terms, and mutual obligations.
Download
Translation Agreement
A Singapore-law governed agreement setting out terms and conditions for professional translation services.
Download
Rental Waiver Form
A Singapore law-compliant document that formally records a landlord's agreement to waive specific rental obligations of a tenant.
Download
Marketing Services Contract
A legally binding agreement for marketing services provision, governed by Singapore law and regulations.
Download
Hosting Contract
A Singapore-law governed agreement defining terms for hosting services provision, including infrastructure, security, and data protection requirements.
Download
Graphic Design Retainer Contract
A Singapore-law governed agreement establishing ongoing graphic design services for a fixed monthly fee.
Download
Financial Services Agreement
A Singapore law-governed agreement establishing terms for financial services provision, compliant with MAS regulations and local financial services legislation.
Download
Early Works Agreement
A Singapore-law governed agreement enabling preliminary construction activities before the main contract execution.
Download
Dispatch Agreement
A Singapore-law governed agreement establishing terms and conditions for dispatch services between a provider and client.
Download
Commercial Service Agreement
A Singapore-law governed agreement establishing terms for commercial service provision between businesses.
Download
Bookkeeping Service Agreement
A Singapore-law governed agreement establishing terms for professional bookkeeping services, including scope, responsibilities, and compliance requirements.
Download
Auto Repair Contract
A Singapore-law governed agreement setting out terms and conditions for vehicle repair services, including warranties and consumer protections.
Download
Work Service Agreement
A Singapore-compliant legal document authorizing a representative to collect unpaid salary on behalf of an employee.
Download
Freelance Service Agreement
A Singapore law-governed agreement establishing terms between freelancers and clients for professional services.
Download
Enterprise Service Agreement
A Singapore-law governed agreement defining terms for enterprise-level service provision between provider and customer.
Download
Public Service Contract
A standardized contract for government service procurement in Singapore, governed by local public sector procurement laws.
Download
Residential Service Agreement
A Singapore-law governed agreement defining terms for residential services between service providers and residents.
Download
Repair Agreement
A Singapore law-governed agreement setting out terms and conditions for repair services, including scope, warranties, and payment terms.
Download
Service Level Agreement Contract
A Singapore-law governed agreement establishing service performance standards and metrics between provider and customer.
Download
Software Master Services Agreement
A Singapore law-governed agreement establishing terms for ongoing software services delivery, including service levels, IP rights, and compliance requirements.
Download
Cleaning Services Contract
A Singapore law-governed agreement establishing terms and conditions for professional cleaning services, incorporating local regulatory requirements and industry standards.
Download
Loan Servicing Agreement
A Singapore-law governed agreement establishing terms for loan portfolio servicing and administration services.
Download
Development Service Agreement
A Singapore-law governed agreement that establishes terms and conditions for development services between a provider and client.
Download
Engagement Letter For Consulting Services
A Singapore-law governed letter outlining consulting services terms, conditions, and mutual obligations between consultant and client.
Download
Cleaning Service Agreement
A Singapore-governed agreement establishing terms and conditions between cleaning service providers and clients, incorporating local regulatory requirements.
Download
Personal Injury Waiver Form
A Singapore-compliant legal document where participants waive their right to sue for personal injuries during specified activities.
Download
ұԾ’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; ұԾ’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)