PAYMENT PLAN AGREEMENT
This Payment Plan Agreement is made on ______________ (“Effective Date”)
between _________________ (the “Contractor”) and __________________ (the
“Client”). Together the “parties”.
WHEREAS the parties herein agree to be legally bound by the following terms and
conditions; –
1. Scope of Work.
The agreed scope of work to be provided by the Contractor is as follows; –
i. __________________________________________
ii. __________________________________________
2. Duration.
This agreement shall be binding upon the parties and shall commence as of the date
of signing this Agreement and continue for a period of six (6) to eight (8) weeks.
3. Payment.
Parties herein agree that the total cost for the agreed scope of work shall be
________. 50% of the amount shall be payable upon signing and the balance 50%
shall be payable upon completion.
4. Delays.
Parties herein acknowledge that their might be some basic material and weather
related schedule delays and neither party will be held responsible for loss from such
delays.
5. Changes.
Parties herein agree that the client is open to change orders for artistic or out of
scope changes mid project. However, the changes shall incur costs which shall be
computed and shared with the client for payment.
6. Warranty.
The contractor herein agrees and acknowledges to offer a one (1) year warranty to
the client for the services provided.
7. Indemnity.
The client herein agrees to indemnify and hold harmless the contractor from and
against any loss or liability in any way arising out of any breach by the contractor or
of any liability by reason of any acts of the contractor in violation of the terms hereof,
or which are not authorized hereby.
8. Confidentiality.
During the performance of this Agreement, the Contractor shall have access to the
Client’s confidential information, which shall not be shared with any third parties
without prior written consent from the client.
9. Governing Law.
The provisions of this Agreement shall be construed and interpreted by the laws of
the State of Oregon.
10. Dispute Resolution.
If there arises any conflict or dispute during the performance of this Agreement, the
same shall be negotiated between the parties amicably. If the same fails, the
disagreement or dispute shall be resolved through mediation.
11. Termination.
This agreement shall be terminated at any time by agreement between the parties.
12. Force Majeure.
A Party’s failure to fulfill its obligations due to Force Majeure (an event beyond a
Party’s control) shall not be considered a breach of this Agreement subject to the
party making reasonable steps to fulfill their obligations.
13. Entire Agreement.
This Agreement contains the complete and entire Agreement by both parties. There
are no other promises or conditions, oral or written, outside of what is contained
herein in this Agreement. This Agreement supersedes any prior written or oral
agreements between both parties.
14. Severability.
Should any provision contained within this Agreement be deemed invalid or
unenforceable, in part or whole, such invalidity or unenforceability will attach only to
the particular provision or portion of this Agreement. In contrast, the remaining
aspects of the said provision and all other provisions of this Agreement shall remain
in full force and effect.
By the CONTRACTOR; –
Signature:
__________________________
Date:
______________________________
By the CLIENT; –
Signature:
__________________________
Date:
_______________________________
Email Address:
_____________________
Email Address:
_____________________
At Legal writing experts, we would be happy to assist in preparing any legal document you need. We are international lawyers and attorneys with significant experience in legal drafting, Commercial-Corporate practice and consulting. In the last few years, we have successfully undertaken similar assignments for clients from different jurisdictions. If given this opportunity, The LegalPen will be able to prepare the legal document within the shortest time possible. You can send us your quick enquiry ( here )