Terms of payment of the Remuneration Sample Clauses
The 'Terms of payment of the Remuneration' clause defines how and when payments will be made to a party under the agreement. It typically outlines the payment schedule, acceptable methods of payment, and any conditions that must be met before payment is released, such as the submission of invoices or completion of specific milestones. This clause ensures both parties have a clear understanding of financial expectations, reducing the risk of disputes over payment timing or amounts.
Terms of payment of the Remuneration. The remuneration will be paid in 15 instalments defined in Annex 2 by the Client, it being specified that the lump sum of 100,000 euros will be paid at the signing of this Agreement by the Client personally to the Service Provider.
Terms of payment of the Remuneration. The remuneration will be paid in 15 monthly payments of twelve thousand euros (EUR 12,000) by the Client, it being specified that the lump sum of twenty thousand euros (EUR 20,000) is paid at the launch of the project.