Term Payment Option Clause Samples
The Term Payment Option clause defines the method and schedule by which payments are to be made over the duration of an agreement. Typically, this clause outlines whether payments will be made in installments, at regular intervals, or as a lump sum at the end of the term, and may specify due dates, amounts, and any conditions for early or late payment. Its core practical function is to provide clarity and predictability for both parties regarding financial obligations, thereby reducing the risk of disputes over payment timing and amounts.
Term Payment Option. You pay for your course over four termly instalments. Your First Payment will be directly debited from your nominated bank account or credit card on the First Payment Date outlined in Clause 3.8. The remaining instalment payments for each Term will be directly debited on the dates outlined in Appendix 1.
Term Payment Option. Are payable in 3 equal instalments - in the months of April, September and January of the corresponding academic year