Agreed payment method Sample Clauses
The "Agreed payment method" clause defines the specific way in which payments between parties must be made under the contract. It typically outlines acceptable forms of payment, such as bank transfer, cheque, or credit card, and may specify details like account numbers or payment platforms to be used. By clearly establishing the payment method, this clause helps prevent disputes or confusion over how payments should be processed, ensuring smooth financial transactions and reducing the risk of delays or errors.
Agreed payment method. Electronic transfer Direct deposit Cheque Cash Other
5.12.1. A record of payment shall be provided to the architectural professional.
5.12.2. Electronic transfer or direct deposit must be made into the bank account of the architectural professional.
5.12.3. Cheques or cash must be hand-delivered to the physical address of the architectural professional.