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1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the payment agreement
3. Definitions: Key terms used throughout the agreement
4. Payment Terms: Amount, frequency, and method of payments
5. Payment Schedule: Specific dates and amounts for each payment
6. Default Provisions: Consequences of missed payments
7. Governing Law: Specification of Singapore law as governing law
1. Security: Details of any collateral or guarantees (used when payments are secured by assets or guarantors)
2. Early Payment Provisions: Terms for early repayment (used when early payment options are offered)
3. Interest Charges: Interest rate and calculation method (used when interest is applicable to payments)
4. Force Majeure: Provisions for unforeseen circumstances (used for long-term payment obligations)
1. Payment Schedule: Detailed breakdown of payment dates and amounts
2. Bank Details: Payment account information for both parties
3. Security Documents: Details of any collateral or guarantees (when security is provided)
4. Notice Details: Contact information for formal notices
Authors
Business Day
Commencement Date
Confidential Information
Default Event
Due Date
Effective Date
Force Majeure Event
Interest Rate
Late Payment Fee
Monthly Payment
Notice
Outstanding Balance
Party/Parties
Payment Account
Payment Date
Payment Method
Payment Schedule
Payment Term
Principal Amount
Security
Service Provider
SGD
Term
Working Day
Payment Schedule
Payment Method
Default and Remedies
Interest and Late Fees
Security
Representations and Warranties
Confidentiality
Term and Termination
Force Majeure
Notices
Assignment
Amendment and Modification
Entire Agreement
Severability
Governing Law
Dispute Resolution
Early Termination
Records and Accounting
Set-off Rights
Currency
Bank Details
Enforcement Costs
Third Party Rights
Counterparts
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Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
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We are ISO27001 certified, so your data is secure
Organizational security
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Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
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