All Countries
Banking
Payment Agreement Contract

Payment Agreement Contract Generator for United Arab Emirates

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Payment Agreement Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Payment Agreement Contract Template

"I need a Payment Agreement Contract Template for a software company in Dubai selling enterprise software licenses to a local bank, with quarterly installment payments starting March 2025 and including provisions for early payment discounts."

Celebrated by
Collaborations with
Investors
Document background
The Payment Agreement Contract Template is essential for businesses and individuals operating in the UAE who need to formalize payment obligations in compliance with local laws. This template is specifically designed to meet the requirements of UAE federal laws, including the Civil Code, Commercial Code, and Central Bank regulations. It provides a structured framework for documenting payment terms, methods, schedules, and remedies, suitable for various commercial transactions. The template includes provisions for both traditional and electronic payment methods, security arrangements, and default scenarios, making it adaptable to different business needs while maintaining legal compliance. It is particularly valuable when parties need to establish clear, enforceable payment obligations with specific terms and conditions in the UAE jurisdiction.
Suggested Sections

1. Parties: Identification and details of all parties to the agreement, including full legal names, addresses, and registration numbers if applicable

2. Background: Context of the agreement, including the underlying transaction or relationship giving rise to the payment obligation

3. Definitions: Definitions of key terms used throughout the agreement

4. Payment Terms: Detailed description of payment amount(s), currency, and payment schedule

5. Payment Method: Specified payment mechanisms and banking details

6. Payment Conditions: Any conditions precedent or subsequent that must be met for payments

7. Default and Remedies: Consequences of payment default and available remedies

8. Interest: Interest rates applicable to late payments (in compliance with UAE law)

9. Representations and Warranties: Standard representations regarding capacity to pay and legal authority

10. Notices: Process for sending and receiving formal communications

11. Governing Law and Jurisdiction: Confirmation of UAE law as governing law and jurisdiction for disputes

12. Force Majeure: Circumstances excusing delayed payment due to events beyond parties' control

13. Entire Agreement: Standard boilerplate confirming this document represents the complete agreement

Optional Sections

1. Security: Details of any security or guarantee provided for the payment obligations

2. Early Payment Provisions: Terms for early payment including any applicable discounts

3. Third-Party Guarantees: Include when payment obligations are guaranteed by a third party

4. Currency Exchange: Required when payments involve multiple currencies

5. Electronic Payment Terms: Specific terms for electronic payment systems when applicable

6. Installment Provisions: Detailed terms for installment payments if not paid as lump sum

7. Set-off Rights: Rights to set off payments against other obligations between parties

8. Tax Provisions: Allocation of tax responsibilities when relevant to payment obligations

9. Confidentiality: Include when payment terms need to remain confidential

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payment amounts and due dates

2. Bank Account Details: Complete banking information for payment processing

3. Security Documentation: Copies or details of any security instruments provided

4. Calculation Methodology: Formula or methodology for calculating variable payments or interest

5. Form of Payment Notice: Template for payment notices or demands

6. Authorized Signatories: List of persons authorized to sign payment instructions or modifications

7. Related Agreements: List of any related agreements affecting payment obligations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Business Day
Default Interest Rate
Due Date
Electronic Payment
Event of Default
Force Majeure Event
Governing Law
Interest Period
Late Payment
Notice
Outstanding Amount
Payment
Payment Account
Payment Date
Payment Method
Payment Schedule
Principal Amount
Security
Total Payment Amount
Working Hours
Authorized Representative
Bank Account
Confidential Information
Default Notice
Electronic Transfer
Interest
Payment Currency
Payment Instruction
Payment Receipt
Security Interest
Relevant Industries

Banking & Financial Services

Real Estate & Construction

Retail & Consumer Goods

Manufacturing & Industrial

Professional Services

Technology & Software

Healthcare

Education

Energy & Utilities

Telecommunications

Hospitality & Tourism

Relevant Teams

Legal

Finance

Treasury

Accounts Receivable

Credit Control

Compliance

Commercial

Risk Management

Contract Administration

Collections

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Accounts Receivable Manager

Credit Controller

Legal Counsel

Contracts Manager

Commercial Director

Financial Controller

Risk Manager

Compliance Officer

Business Development Manager

Account Manager

Collections Specialist

Corporate Finance Manager

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Provides the fundamental principles of contract formation, validity, and enforcement, including requirements for offer and acceptance, consideration, and contractual obligations
UAE Federal Law No. 18 of 1993 (Commercial Code): Governs commercial transactions and business relationships, including provisions for commercial contracts and payment obligations between businesses
UAE Federal Law No. 14 of 2018 (UAE Central Bank Law): Regulates financial transactions, banking operations, and payment systems in the UAE, including rules for financial settlements and transfers
UAE Federal Law No. 1 of 2006 (Electronic Transactions Law): Governs electronic transactions and digital signatures, relevant for electronic payment arrangements and online payment processing
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Contains specific provisions regarding commercial paper, payment instruments, and remedies in case of payment defaults
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Final Payment Agreement

find out more

Car Payment Plan Agreement

find out more

Payment Plan Installment Agreement

UAE-governed agreement establishing structured installment payment terms between parties, including payment schedule, obligations, and remedies.

find out more

Installment Payment Agreement

find out more

Agreement To Pay For Services

find out more

Payment Agreement Contract

UAE-compliant payment agreement template establishing structured payment terms and obligations between parties, aligned with UAE federal laws and banking regulations.

find out more

Direct Debit Installment Agreement

UAE-governed agreement establishing automated installment payments through direct debit between parties, compliant with UAE Central Bank regulations.

find out more

Partial Payment Agreement

A UAE-governed agreement establishing terms for structured partial payments of outstanding debt, including payment schedules and enforcement provisions.

find out more

Payment Agreement Letter

A UAE-compliant legal document establishing payment terms and obligations between parties, governed by UAE Federal Laws.

find out more

Cash Payment Agreement

UAE-governed agreement establishing terms for cash payment arrangements, ensuring regulatory compliance and defining payment procedures.

find out more

Car Purchase Installment Agreement

UAE-governed agreement for vehicle purchase through installment payments, outlining financial terms, ownership conditions, and parties' obligations under UAE law.

find out more

Car Installment Agreement

UAE-governed agreement for vehicle purchase through installment payments, compliant with UAE banking and consumer protection regulations.

find out more

Income Payment Agreement

A UAE-law governed agreement establishing terms for regular payment obligations between parties, compliant with UAE Federal Law and commercial regulations.

find out more

Partial Payment Agreement Form

A UAE-compliant agreement establishing terms for structured partial payments of outstanding debt, including payment schedules and default provisions.

find out more

Rent Payment Plan Agreement

UAE-compliant agreement establishing structured rental payment terms and schedules between landlord and tenant.

find out more

Late Payment Agreement

UAE-governed agreement establishing structured payment terms for overdue amounts, incorporating Sharia-compliant late payment provisions.

find out more

Full And Final Payment Agreement

A UAE law-governed agreement documenting final settlement of financial obligations between parties, including payment terms and mutual releases.

find out more

Installment Agreement

UAE-governed agreement establishing terms for installment-based payments with comprehensive payment schedules and security arrangements.

find out more

Full Payment Agreement

A UAE-law governed agreement that establishes binding payment obligations between parties, detailing payment terms and enforcement mechanisms in compliance with UAE legal requirements.

find out more

Installment Payment Agreement

A UAE law-governed agreement that establishes terms for payment in installments, including payment schedule, amounts, and enforcement mechanisms.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’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; Genie’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.