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How to write your Schedule A (Payment Terms) (Can/UK/Aus)

We include this 5 page template with IT/Software/Hardware Contract Pack and the Proposal Kit Professional. You will get more content and software automation for data merging, managing client documents, and creating proposals with line item quoting with a Contract Pack or the Professional.

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The Payment Terms document is an attachment to the contract. This is what the client is agreeing to pay for the project. The interview materials and estimate spreadsheets in previous sections are used to determine the cost. The Payment Terms are broken into 3 different payment plans to choose from. Pick which one works best for you and your client (full payment up front, half down, 1/3 down, etc.). These payment terms are for illustration purposes only. If you have your own standard payment terms you may substitute them here.
Document Length: 5 Pages
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1. Get IT/Software/Hardware Contract Pack or the single template that includes this business contract document.

We include this Schedule A (Payment Terms) (Can/UK/Aus) in editable Word format that can be customized using your office software.

2. Download and install after ordering.

Once you have ordered and downloaded your template or pack, you will have all the content you need to get started.

3. Customize the contract template with your information.

You can customize the contract document as much as you need. If you get a Contract Pack or Professional Bundle, you can also use the included Wizard software to automate name/address data merging.

Schedule A (Payment Terms) (Can/UK/Aus)

Writing the Schedule A (Payment Terms) (Can/UK/Aus) document

Select an appropriate payment terms from the list of possible choices depending on the agreement being used with and delete the rest. For example, if using a project development contract use one of the first three milestone based payment terms. For general pricing use the payment terms pricing plan at the end of the list of plans below.

SCHEDULE A

PAYMENT TERMS

Customer agrees to pay Developers a fee of Total Payment Amount, according to the following terms:

90% of the estimated price upon execution of the Agreement.

Customer agrees to the pay for all out-of-pocket expenses incurred by Developers in developing the project including, but without limitation, any:

License fees

Outsource services billed for Customer.

Film and Developing

Shipping

Domain name registration

Host costs (for ISP)

G: Hardware and software

H: Travel

Customer agrees to pay for the Developer's fee and all expenses, as set forth above, within 15 days of invoice. All unpaid balances shall accrue interest at 1 1/2% per month. Customer agrees that any changes customer makes to the specification may adversely affect the original estimate. Extra time incurred above and beyond the original specification will be billed at an hourly rate of Hourly Rate and is not subject to the costs, estimates and caps in 1. above.

Customer agrees that estimated yearly maintenance costs are only estimates and are not included in the quoted price.

SCHEDULE A

PAYMENT TERMS

Customer agrees to pay Developers a fee of Total Payment Amount, according to the following terms:

1/3 of the fee upon execution of the Agreement;. 1/3 of the fee upon completion of Insert Key Payment Milestone. The remaining 1/3 upon completion of the specification.

Customer agrees to the pay for all out-of-pocket expenses incurred by Developers in developing the project including, but without limitation, any:

License fees

Outsource services billed for Customer

Film and Developing

Shipping

Domain name registration

Host costs (for ISP)

G: Hardware and software

H: Travel

Customer agrees to pay for the Developers' fee and all expenses, as set forth above, within 15 days of invoice. All unpaid balances shall accrue interest at 1 1/2% per month. Customer agrees that any changes customer makes to the specification may adversely affect the original estimate. Extra time incurred above and beyond the original specification will be billed at an hourly rate of Hourly Rate and is not subject to the costs, estimates and caps in 1. above.

Customer agrees that estimated yearly maintenance costs are only estimates and are not included in the quoted price.

SCHEDULE A

PAYMENT TERMS

Customer agrees to pay Developers an hourly fee, according to the following terms:

10% of the estimate upon execution of the Agreement of Total Payment Amount. Customer is billed at Hourly Rate per hour at the completion of each milestone. The customer will not be liable for more than Maximum Billing Amount in hourly work.

Customer agrees to the pay for all out-of-pocket expenses incurred by Developers in developing the project including, but without limitation, any:

License fees

Outsource services billed for Customer

Film and Developing

Shipping

Domain name registration

Host costs (for ISP)

G: Hardware and software

H: Travel

Customer agrees to pay for the Developers' fee and all expenses, as set forth above, within 15 days of invoice. All unpaid balances shall accrue interest at 1 1/2% per month. Customer agrees that any changes customer makes to the specification may adversely affect the original estimate.

Extra time incurred above and beyond the original specification will be billed at an hourly rate of Hourly Rate and is not subject to the costs, estimates and caps in 1. above. Customer agrees that estimated yearly maintenance costs are only estimates and are not included in the quoted price.

SCHEDULE A

CREDIT CARD PAYMENT PLAN

Authorization for credit card payments for development per Schedule A and B. Charges to be applied as Customer accepts each milestone. Customer accepts liability for all costs incurred (including but not limited to chargebacks and reversals).

Card Number

Expiration Date

Name on Card

Phone: Phone Number

Fax: Fax Number

Email: Email Address

Company: Company Name

Street: Address Address

City: City

Country: Country

SCHEDULE A

PAYMENT TERMS

Pricing Plan:

The complete Schedule A (Payment Terms) (Can/UK/Aus) - with the actual formatting and layout - is available as a single template or as part of a library of related templates in a Contract Pack or the Professional Bundle.
Schedule A (Payment Terms) (Can/UK/Aus)
Related documents may be used in conjunction with this document depending on your situation. Many related documents are intended for use as part of a contract management system.

Related Documents

  • To be used along with the various Canadian, UK and Australia project and service contracts

Key Takeaways

  • The Schedule A (Payment Terms) (Can/UK/Aus) is available as a ready-to-edit template.
  • The Contract Packs and Professional Bundle include many related agreements and documents.
  • You can automate financials and data merging into contracts using a Contract Pack or Professional Bundle.
  • You can also create business proposals and integrate your contracts using the Professional Bundle.
  • There are no ongoing subscription fees. You get lifetime unlimited use.

How to Build a Legal Contract with Proposal Kit

This video illustrates how to create a legal contract using the Proposal Pack Wizard software. It also shows how to create a proposal with an invoice and contract at the same time.

Frequently Asked Questions

How do I customize the Schedule A (Payment Terms) (Can/UK/Aus) to fit my business needs?

Customizing the Schedule A (Payment Terms) (Can/UK/Aus) involves editing the document to include your business details, terms, and conditions. The templates are designed to be flexible, allowing you to insert your company's name, address, and other relevant information. You can modify clauses to reflect your unique business practices and legal requirements.

Is the Schedule A (Payment Terms) (Can/UK/Aus) compliant with laws and regulations?

The legal contract templates are written by legal professionals and designed to comply with current laws and regulations at the time of their writing. However, laws can vary by jurisdiction and change over time, so it's recommended to have your contract reviewed by a local attorney to ensure it meets all legal requirements specific to your region and industry. Templates are licensed as self-help information and not as legal advice.

Can I use the same Schedule A (Payment Terms) (Can/UK/Aus) for different clients or projects?

You can use the same Schedule A (Payment Terms) (Can/UK/Aus) for different clients or projects. The templates are versatile and easily adapted for various scenarios. You will need to update specific details such as client names, project descriptions, and any unique terms for each new agreement to ensure that each contract accurately reflects the particulars of the individual client or project.

What should I do if I encounter a clause or term I don't understand?

If you encounter a clause or term in the Schedule A (Payment Terms) (Can/UK/Aus) that you need help understanding, you can refer to guidance notes explaining each section's purpose and use. For more complex or unclear terms, it's advisable to consult with a legal professional who can explain the clause and help you determine if any modifications are necessary to suit your specific needs.

How do I ensure that the Schedule A (Payment Terms) (Can/UK/Aus) is legally binding and enforceable?

To ensure that the Schedule A (Payment Terms) (Can/UK/Aus) is legally binding and enforceable, follow these steps:

  • Complete all relevant sections: Make sure all blanks are filled in with accurate information.
  • Include all necessary terms and conditions: Ensure that all essential elements, such as payment terms, deliverables, timelines, and responsibilities, are clearly defined.
  • Signatures: Both parties must sign the contract, and it is often recommended that the contract be witnessed or notarized, depending on the legal requirements in your jurisdiction.
  • Consult a legal professional: Before finalizing the Schedule A (Payment Terms) (Can/UK/Aus), have it reviewed by an attorney to ensure it complies with applicable laws and protects your interests.

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Disclaimers

Proposal Kit, Inc. makes no warranty and accepts no responsibility for the suitability of any materials to the licensee's business. Proposal Kit, Inc. assumes no responsibility or liability for errors or inaccuracies. Licensee accepts all responsibility for the results obtained. The information included is not legal advice. Names in use cases have been fictionalized. Your use of the Schedule A (Payment Terms) (Can/UK/Aus) template and any purchased packages constitutes acceptance and understanding of these disclaimers and terms and conditions.

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