PAYMENT TERMS AND SECURITY Sample Clauses

The "Payment Terms and Security" clause defines the conditions under which payments must be made and the measures in place to ensure those payments are secure. It typically outlines the timing, method, and currency of payments, as well as any requirements for deposits, guarantees, or other forms of financial security such as letters of credit. By clearly specifying these details, the clause helps prevent disputes over payment obligations and protects both parties from financial risk or non-payment.