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Recurring Payment Agreement
"I need a Recurring Payment Agreement for my online education platform based in Singapore, where students will pay monthly tuition fees of SGD 299 starting from January 2025, with automatic renewal every 6 months unless cancelled."
1. Parties: Identification of the service provider and customer, including full legal names and registration details
2. Background: Context of the agreement and relationship between parties, including purpose of the recurring payment arrangement
3. Definitions: Key terms used throughout the agreement including payment-related terminology
4. Payment Terms: Amount, frequency, and method of recurring payments, including payment processing details
5. Duration: Term of the agreement and renewal provisions, including initial term and automatic renewal terms
6. Termination: Conditions and process for ending the agreement, including notice periods and final payment handling
7. Data Protection: Handling of personal and payment information in compliance with PDPA requirements
1. Service Level Agreement: Specific service standards and performance metrics for business-to-business arrangements
2. Force Majeure: Provisions for unforeseen circumstances affecting payment obligations
3. Rewards Program: Terms and conditions of any associated loyalty or rewards scheme
4. Dispute Resolution: Specific procedures for handling payment disputes and conflicts
1. Payment Schedule: Detailed breakdown of payment amounts, dates, and frequency
2. Service Description: Detailed description of services or products covered by the recurring payment
3. Data Processing Agreement: Detailed terms for handling personal data in compliance with PDPA
4. Bank Authorization Form: Standard form for setting up recurring payments with financial institutions
Authors
Authorized Bank Account
Business Day
Cancellation Notice
Commencement Date
Confidential Information
Customer
Direct Debit Authorization
Due Date
Electronic Payment System
Failed Payment
Force Majeure Event
Initial Term
Late Payment Fee
MAS
Payment Amount
Payment Date
Payment Method
Payment Provider
Payment Schedule
Personal Data
Recurring Payment
Renewal Term
Service Provider
Services
Singapore Dollars
Term
Termination Date
Termination Notice
Transaction Fee
Payment Method
Payment Schedule
Authorization
Service Description
Term and Renewal
Termination
Cancellation Rights
Failed Payments
Late Payment
Data Protection
Confidentiality
Representations and Warranties
Liability
Indemnification
Force Majeure
Dispute Resolution
Governing Law
Notices
Assignment
Entire Agreement
Amendments
Severability
Third Party Rights
Electronic Communications
Bank Authorization
Consumer Protection
Service Level Requirements
Record Keeping
Refund Policy
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