Common Contracts
1 similar Payment Terms Agreement contracts
Often when agreeing to carry out works for either an individual or a third party there will be no formal written agreement, especially for smaller, less time-consuming jobs. These jobs are often carried out on good faith with only a handshake to seal...Payment Terms Agreement • May 23rd, 2019
This can lead to difficulties later on if the paying party fails, or outright refuses, to pay for the work you’ve carried out, either at an interim stage or on completion of the works. If this happens and there is a written contract, the paying party’s obligations revert to what was agreed in that written contract. However, if there is no written contract, it can lead to uncertainty as to what the parties rights are and what can be legally enforced against the paying party.
