Settlement and Payment Methods Clause Samples
The 'Settlement and Payment Methods' clause defines how and when payments between parties will be made under the agreement. It typically outlines acceptable forms of payment, such as bank transfers or checks, and specifies the timing for settlement, like payment due dates or milestones. This clause ensures both parties have a clear understanding of the financial procedures, reducing the risk of disputes over payment timing or method.
Settlement and Payment Methods. 3.1. Party B shall pay the cooperation fee to Party A in accordance with the contract, as specified below. The 2018 annual contract guarantee payment in amount of RMB (20% of the total contract amount) should be paid before November 30, 2018. The total contract amount for 2018 is RMB . The payment of the contract is divided into four phases: The first payment date is: Before December 10, 2018, the payment amount is (25% of the total contract amount): RMB . The second payment date is: Before March 15, 2019, the payment amount is (25% of the total contract amount): RMB The third payment date is: Before June 15, 2019, the payment amount is (25% of the total contract amount): RMB . The fourth payment date is Before September 15, 2019, the payment amount is (25% of the total contract amount): RMB . Party A receives the cooperation fees as scheduled Within 15 working days, an equal invoice and a deposit receipt will be issued to Party B. In the second year (2020), the contract amount must be signed by a supplementary agreement. Among them, A1 city (Shenyang, Dalian), provincial capital city theater price (calculation method: the actual transaction price of this contract / the total number of theaters in Table 1 of the first paragraph *the number of A 1 city, provincial capital city theaters) up 10%; Party B wants to purchase Party A's new cinema, and the price of the new cinema will be separately included in the contract amount. If the 2019 annual guarantee is less than 20% of the total contract amount in 2020, Party B must make up before November 20, 2019. Party B shall pay Party A the cooperation fee according to the payment method of 2019, that is, pay the 2020 annual contract payment before December 20, 2019.
Settlement and Payment Methods. 1. Both parties agree on the payment method: (C, Other) Note: 3 months settlement term
A. Distribution (monthly settlement, settlement term, advance payment) B. Consignment sales (monthly settlement based upon actual sales; deferred batch settlement: third batch arrival triggers settlement of first batch); C. Others (to be specified);
2. The buyer’s payment method is (______) Remarks:
A. Wire transfer; B.
Settlement and Payment Methods. 3.1. Party B shall pay the cooperation fee to Party A in accordance with the contract, as specified below. The 2017 annual contract guarantee payment in amount of RMB (10% of the total contract amount) should be paid before November 30, 2016 . The total contract amount for the first year is RMB , and Party B should pay before December 20, 2016. Party A shall issue equal invoices and deposit receipts to Party B within 15 working days after receiving the cooperation fee from Party B as scheduled. In the second year (2018), the contract amount must be signed by a supplementary agreement. Among them, A1 city (Shenyang), provincial capital city theater price (calculation method: the actual transaction price of this contract / the total number of theaters in Table 1 of the first paragraph *the number of A 1 city, provincial capital city theaters) up 10%; Party B wants to purchase Party A's new cinema, and the price of the new cinema will be separately included in the contract amount. If the 2017 annual guarantee is less than 20% of the total contract amount in 2018, Party B must make up before November 30, 2017. Party B shall pay Party A the cooperation fee according to the payment method of 2017, that is, pay the 2018 annual contract payment before December 31, 2017.
Settlement and Payment Methods. 3.1. Party B shall pay the cooperation fee to Party A in accordance with the contract, as specified below. The total contract amount for 2018 is RMB . The payment of the contract is divided into two phases: The first payment date is: Before [ ], the payment amount is (50% of the total contract amount): RMB . The second payment date is: Before [ ], the payment amount is (50% of the total contract amount): RMB . Party A receives the cooperation fees as scheduled Within 15 working days, an equal invoice and a deposit receipt will be issued to Party B. Party A shall issue an invoice and margin receipt to Party B within five working days after receiving the cooperation fee from Party B as scheduled
Settlement and Payment Methods. 3.1. Party B shall pay the cooperation fee to Party A in accordance with the contract, as specified below. The 2018 annual contract guarantee payment in amount of RMB (20% of the total contract amount) should be paid before November 30, 2017. The total contract amount for 2018 is RMB . The payment of the contract is divided into four phases: The first payment date is: Before December 20, 2017, the payment amount is (25% of the total contract amount): RMB . The second payment date is: Before March 20, 2018, the payment amount is (25% of the total contract amount): RMB . The third payment date is: Before June 20, 2018, the payment amount is (25% of the total contract amount): RMB . The fourth payment date is Before September 20, 2018, the payment amount is (25% of the total contract amount): RMB . Party A receives the cooperation fees as scheduled Within 15 working days, an equal invoice and a deposit receipt will be issued to Party B.