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Fee Payment Agreement
"I need a Fee Payment Agreement for my consulting firm to establish monthly retainer payments of NZD 5,000 from our corporate clients, starting from March 2025, with provisions for late payment penalties and annual fee review."
1. Parties: Identification and details of all parties to the agreement, including legal names, addresses, and registration numbers if applicable
2. Background: Context of the agreement, relationship between parties, and purpose of the fee payment arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Fee Structure: Clear outline of the fees, including amounts, calculation methods, and any variations
5. Payment Terms: Payment schedule, due dates, payment methods, and processing details
6. Late Payment and Default: Consequences of late payment, interest charges, and default procedures
7. GST and Taxation: Treatment of GST and other applicable taxes
8. Term and Termination: Duration of the agreement and circumstances for termination
9. Dispute Resolution: Process for resolving disputes related to payments
10. General Provisions: Standard contractual provisions including governing law, notices, and amendments
1. Currency and Exchange Rates: For international payments, specifying currency conversion rules and exchange rate mechanisms
2. Performance Metrics: When fees are tied to performance or service levels, defining measurement criteria
3. Security and Guarantees: When additional payment security or guarantees are required
4. Confidentiality: When fee arrangements contain sensitive commercial information
5. Force Majeure: When external events might affect payment obligations
6. Electronic Payments: Detailed provisions for electronic payment systems and security
7. Third-Party Rights: When payments involve or affect third parties
8. Audit Rights: When regular auditing of fee calculations is required
1. Schedule 1 - Fee Schedule: Detailed breakdown of all fees, rates, and charges
2. Schedule 2 - Payment Procedures: Step-by-step payment processes and requirements
3. Schedule 3 - Bank Account Details: Banking information for payments
4. Schedule 4 - Service Level Metrics: If fees are performance-based, detailed performance criteria and measurements
5. Appendix A - Fee Calculation Examples: Examples showing how various fees are calculated
6. Appendix B - Required Forms: Any forms required for payment processing or reconciliation
Authors
Business Day
Commencement Date
Confidential Information
Default Interest Rate
Due Date
Fees
Force Majeure Event
GST
Initial Term
Interest Rate
Late Payment
Payment Currency
Payment Date
Payment Method
Payment Schedule
Payment Terms
Parties
Related Companies
Renewal Term
Services
Tax Invoice
Term
Working Hours
Bank Account
Dispute
Electronic Payment System
Fee Schedule
Notice
Payment Period
Fee Structure
Late Payment
Default
Interest
GST and Taxation
Payment Method
Bank Details
Currency
Payment Schedule
Term
Termination
Force Majeure
Confidentiality
Dispute Resolution
Governing Law
Assignment
Notices
Entire Agreement
Amendments
Waiver
Severability
Third Party Rights
Counterparts
Electronic Transactions
Record Keeping
Audit Rights
Security
Set-off
Performance Requirements
Professional Services
Financial Services
Healthcare
Education
Technology
Construction
Real Estate
Legal Services
Consulting
Property Management
Software and IT
Telecommunications
Finance
Legal
Accounts Receivable
Accounts Payable
Commercial
Operations
Compliance
Treasury
Contract Administration
Credit Control
Finance Manager
Accounts Receivable Manager
Chief Financial Officer
Commercial Manager
Contract Administrator
Business Development Manager
Financial Controller
Operations Manager
Legal Counsel
Compliance Officer
Credit Controller
Account Manager
Treasury Manager
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