Payment Services Agreement Template

The work to be done by the contractor is indicated in the attached work statement as Schedule A, which is written under the terms of this agreement. The work statement must include: (i) description of services and delivery items, (ii) timing of delivery items and (iii) price and payment schedule. In the event that we do not receive satisfactory information to verify your identity or determine that you are solvent, PayPal reserves the right to terminate this contract with immediate notification, suspend access to Braintree payment services and refuse or withdraw payments from your customers. v. THE PAIEMENTS. The customer receives invoices based on the billing/payment plan included in the corresponding work account. Invoices include a description of the services provided or the delivery items. Invoices are due and payable within [number] days of the billing date. Interest can be deducted from all amounts that are not paid on the basis of [NUMBER] days, at the annual rate of 1-1/2 per cent per month or at the highest legal rate, the lowest since the amount is lower. When an invoice is not paid when it is due, the contractor may suspend the provision of services and/or delivery items without liability or penalty until the matter is finally resolved.

The services cover all other tasks on which the client and the service provider can agree. A service agreement is particularly important because services are more difficult to prove than a product. When a company buys a product, there is a physical object that can display it. This is not always the case when a company buys a service. A service contract ensures that everyone understands what is delivered and when. A payment contract, also known as a payment contract or futures contract, is a document that describes all the details of a loan between a lender and a borrower. When you borrow money, you can write professional payment agreements for borrowers using our free pdf payment contract. Simply fill out this form with important credit details, such as payment plan, payment method, amount owed and information about debtors and creditors, and this payment contract model automatically stores your payment contracts as secure PDFs – just download, email customers and print them out for your documents. Each PDF file contains legally binding signatures from all parties, relevant terms and conditions and all other information you have provided online. In exchange for providing braintree payment services to you, you agree to pay us the fees, including transaction, multi-currency and refund fees, as outlined in the pricing plan available under and included in this reference.