Settlement Agreement Payment Terms Template for Hong Kong

1. Tax Provisions: Include when tax implications need to be explicitly addressed or allocated between parties

2. Interest Calculations: Required when interest is payable on late payments or installments

3. Security Arrangements: Include when payments are secured by assets or guarantees

4. Force Majeure: Add when long-term payment arrangements might be affected by extraordinary circumstances

5. Third Party Rights: Include when payments involve or affect third parties

6. Currency Exchange: Required for international settlements with currency conversion provisions

7. Set-off Rights: Include when parties need to address rights to set off payments against other obligations

8. Early Payment Provisions: Add when early payment discounts or options are available

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

2. Bank Account Details: Complete banking information for all relevant parties

3. Calculation Methodology: Formula or method for calculating variable payments or interest

4. Security Documents: Details of any security or guarantees provided for payments

5. Tax Forms: Relevant tax documentation or declarations

6. Settlement Background: Detailed history of the dispute or circumstances (if too lengthy for main agreement)

7. Related Agreements: List and copies of any related agreements referenced in main document