Payment Terms Agreement Template UK

The Payment Terms Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, providing you with editable and printable examples for your convenience.


Sample

Payment Terms Agreement Template UK

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Payment Terms Agreement Template UK

1. Client Information


2. Service Provider Information


3. Agreement Details


4. Payment Schedule

5. Payment Methods

6. Late Payment Penalties

7. Dispute Resolution

8. Confidentiality Obligations

9. Amendments to Agreement

10. Signatures and Acceptance

11. Declaration and Signatures




PDF


WORD

Examples


Payment Terms Agreement Template UK (1)
Between:
[Name of the Client]
[Client’s ID]
[Client’s Address]
[Client’s Phone]
[Client’s Email]
And:
[Name of the Supplier/Service Provider]
[Provider’s ID]
[Provider’s Address]
[Provider’s Phone]
[Provider’s Email]
Introduction:
This agreement establishes the payment terms between [Name of the Supplier/Service Provider] and [Name of the Client] for goods and/or services provided, effective from [Start Date].
Clause 1: Payment Amount
The Client agrees to pay the Provider a total of [Total Amount], which includes [Brief description of what the amount includes, e.g., services rendered, materials, etc.].
Clause 2: Payment Schedule
Payments will be made according to the following schedule: [Detail payment frequency, e.g., weekly, monthly, or upon delivery].
Clause 3: Payment Method
The Client shall make payments via [Specify payment methods, e.g., bank transfer, credit card, etc.], to the following account: [Bank details or payment information].
Clause 4: Late Payment
If the Client fails to make a payment on the due date, a late fee of [Percent]% of the overdue amount will be applied per [Time Frame, e.g., month or week] until the payment is received.
Clause 5: Dispute Resolution
In case of any disputes regarding payments, both parties agree to engage in good faith negotiations to reach a resolution before pursuing legal action.
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Client]
[Name of the Client]
[Signature of the Supplier/Service Provider]
[Name of the Supplier/Service Provider]
Payment Terms Agreement Template UK (2)
Between:
[Name of the Client]
[Client’s ID]
[Client’s Address]
[Client’s Phone]
[Client’s Email]
And:
[Name of the Supplier/Service Provider]
[Provider’s ID]
[Provider’s Address]
[Provider’s Phone]
[Provider’s Email]
Introduction:
This agreement details the payment terms that govern the transactions between the Client and Provider for services rendered, beginning on [Start Date].
Clause 1: Service Description
The Provider will deliver the following services: [List services provided, e.g., consulting, delivery, etc.] and the agreed payment is [Total Amount].
Clause 2: Schedule of Payments
The Client agrees to adhere to the following payment schedule: [Specify payment milestones, e.g., upon project completion, at specific intervals].
Clause 3: Payment Terms
Payments shall be processed through [Specify payment method] and must be completed by [Specify due dates].
Clause 4: Interest on Late Payments
A monthly interest rate of [Percent]% will be applied to any outstanding amounts not paid by the due date.
Clause 5: Amendments
This agreement may be amended only by written consent of both parties, specifying the changes agreed upon.
Signed in [City], [Date].
Sincerely,
[Signature of the Client]
[Name of the Client]
[Signature of the Supplier/Service Provider]
[Name of the Supplier/Service Provider]

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Payment Terms Agreement Template UK