Earned Date Clause Samples

The "Earned Date" clause defines the specific point in time when a party becomes entitled to receive payment or compensation for goods delivered or services rendered. Typically, this clause clarifies whether payment is due upon completion of work, delivery of goods, or at another agreed milestone, and may specify how partial performance is treated. Its core practical function is to establish clear timing for when obligations to pay arise, thereby reducing disputes over when payments are due and ensuring both parties have a mutual understanding of payment triggers.