Payment Agreement For Services Rendered Template for United Arab Emirates

1. Interest on Late Payments: Include when parties agree to interest charges on delayed payments, ensuring compliance with UAE law on interest

2. Currency Exchange: Required when payment is to be made in a currency other than AED, specifying exchange rate mechanisms

3. Payment Security: Include when additional security for payment is required, such as post-dated checks or bank guarantees

4. Confidentiality: Include when the nature of services rendered involves sensitive information

5. Force Majeure: Include when external factors might affect payment capability, particularly for installment payments

6. Assignment: Include when either party might need to transfer rights or obligations under the agreement

7. Electronic Payments: Include when specific provisions for electronic payment methods are required

1. Schedule 1 - Service Description: Detailed breakdown of services rendered, including dates, quantities, and specifications

2. Schedule 2 - Payment Schedule: If multiple payments, detailed breakdown of payment amounts and due dates

3. Schedule 3 - Supporting Documentation: List of delivery notes, timesheets, or other evidence of service completion

4. Schedule 4 - Tax Invoices: Copies or details of relevant tax invoices

5. Appendix A - Service Completion Certificates: Copies of any completion certificates or client acceptance documents

6. Appendix B - Bank Details: Banking information for payment processing