Payment & Delivery Terms Clause Samples

The Payment & Delivery Terms clause defines the conditions under which payments are to be made and goods or services are to be delivered between parties. It typically specifies payment schedules, accepted methods of payment, deadlines, and any penalties for late payment, as well as the timing, location, and method of delivery. By clearly outlining these expectations, the clause helps prevent disputes over when and how payments and deliveries should occur, ensuring both parties understand their obligations and reducing the risk of misunderstandings.