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Billing Agreement
"I need a Billing Agreement for my software company to handle monthly subscription payments from enterprise clients in Singapore, with specific terms for handling late payments and the option to adjust rates annually from January 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the billing agreement
3. Definitions: Key terms used throughout the agreement
4. Payment Terms: Amount, frequency, and method of payments
5. Billing Procedures: Process for generating and sending invoices
6. Term and Termination: Duration of agreement and termination conditions
7. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Late Payment Terms: Penalties and procedures for late payments - include for recurring payments or high-value transactions
2. Currency and Exchange Rates: Specified currency and handling of exchange rate fluctuations - include for international transactions
3. Dispute Resolution: Procedures for handling billing disputes - include for complex or high-value billing arrangements
4. Data Protection: Provisions for handling personal data in accordance with PDPA - include when processing personal data
5. Electronic Transactions: Provisions regarding electronic billing and digital signatures - include when using electronic billing systems
1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts and due dates
2. Schedule 2 - Service Level Agreement: Standards for billing service delivery and response times
3. Schedule 3 - Rate Card: Detailed pricing information and rate calculations
4. Schedule 4 - Banking Details: Account information for payment processing
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