Prepayment Agreement Template for South Africa

1. Goods and Services Specifications: Required when prepayment is for specific goods or services

2. Quality Standards: Include when specific quality requirements apply to goods or services

3. Performance Metrics: Add when prepayment is linked to performance criteria

4. Regulatory Compliance: Include for regulated industries or when specific compliance requirements exist

5. Insurance Requirements: Add when insurance coverage is required for the prepaid goods or services

6. Intellectual Property: Include when IP rights are relevant to the prepayment arrangement

7. Confidentiality: Add when sensitive information will be shared between parties

8. Force Majeure: Include when specific force majeure provisions are needed beyond standard terms

1. Schedule 1: Payment Terms: Detailed breakdown of prepayment amounts, installments, and payment schedule

2. Schedule 2: Specifications: Detailed specifications of goods or services covered by the prepayment

3. Schedule 3: Reconciliation Procedure: Step-by-step process for reconciling prepaid amounts against deliveries/services

4. Schedule 4: Reporting Template: Standard format for regular reporting on prepayment utilization

5. Schedule 5: Security Documents: Forms of any security documents required

6. Schedule 6: Contact Details: Key contact persons and their details for both parties

7. Appendix A: Compliance Checklist: Checklist of regulatory and compliance requirements

8. Appendix B: Required Forms: Standard forms for notices, requests, and other communications