Two Installments Clause Samples

The "Two Installments" clause establishes that a payment or obligation will be divided into two separate parts, each due at different times or upon completion of specific milestones. Typically, this means the first installment is paid upfront or at the start of a project, while the second is paid upon completion or delivery of agreed-upon goods or services. This structure helps manage cash flow for both parties and ensures that the provider has an incentive to fulfill their obligations, while the payer does not have to commit the full amount before receiving results.