Payment Terms Agreement Template for Pakistan

1. Islamic Banking Compliance: Required when transactions must comply with Islamic banking principles

2. Foreign Currency Provisions: Include when payments involve foreign currencies or international transfers

3. Electronic Payment Terms: Required when electronic payment methods are permitted

4. Security and Guarantees: Include when additional payment security or guarantees are required

5. Early Payment Discounts: Optional section detailing any early payment incentives

6. Volume-Based Pricing: Include when payment terms vary based on transaction volumes

7. Credit Terms: Required when credit facilities are part of the payment arrangement

8. Force Majeure: Optional provisions for payment obligations during unforeseen circumstances

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

2. Schedule 2 - Interest Calculation Method: Formula and examples for calculating late payment interest

3. Schedule 3 - Authorized Bank Accounts: List of approved bank accounts for making and receiving payments

4. Schedule 4 - Payment Forms: Standard forms for payment requests, notifications, or reconciliation

5. Schedule 5 - Contact Details: List of key contacts for payment processing and dispute resolution

6. Appendix A - Bank Details Form: Template for sharing and updating bank account information

7. Appendix B - Payment Dispute Form: Standard form for raising and documenting payment disputes