Fee Payment Agreement Template for Malaysia

1. Currency and Exchange: Required when payments are made in foreign currency, specifying exchange rate mechanisms and currency risk allocation

2. Electronic Payments: Include when specific electronic payment systems or platforms will be used, detailing the procedures and security requirements

3. Third-Party Payments: Necessary when payments may be made by or to third parties on behalf of the contracting parties

4. Security Deposit: Include when a security deposit is required, specifying amount, holding terms, and return conditions

5. Performance Metrics: Required when fees are linked to performance indicators or service levels

6. Audit Rights: Include when one party needs the right to audit fee calculations or payment records

7. Force Majeure: Optional clause addressing payment obligations during unexpected events or circumstances

1. Fee Schedule: Detailed breakdown of all fees, rates, and charges

2. Payment Schedule: Timeline of payment dates and corresponding amounts

3. Calculation Methods: Detailed explanations of how variable fees or adjustments are calculated

4. Bank Details: Specified bank account information and payment routing details

5. Service Level Metrics: If fees are performance-based, detailed metrics and measurement methods

6. Required Documents: List of documents required for payment processing or verification

7. Authorized Signatories: List of persons authorized to approve or process payments