Proposal Kit Professional adds business proposals, all six Contract Packs,
project management library, and Expert Edition software.
We include this 5 page template with IT/Software/Hardware Contract Pack and the Proposal Kit Professional. You will get more content and software automation for data merging, managing client documents, and creating proposals with line item quoting with a Contract Pack or the Professional.
DOWNLOADABLE, ONE-TIME COST, NO SUBSCRIPTION FEESThe Payment Terms document is an attachment to the contract. This is what the client is agreeing to pay for the project. The interview materials and estimate spreadsheets in previous sections are used to determine the cost. The Payment Terms are broken into 3 different payment plans to choose from. Pick which one works best for you and your client (full payment up front, half down, 1/3 down, etc.). These payment terms are for illustration purposes only. If you have your own standard payment terms you may substitute them here.
Document Length: 5 Pages
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Anthony Karolis [Australia]1. Get IT/Software/Hardware Contract Pack or the single template that includes this business contract document.
We include this Exhibit A (Payment Terms) in editable Word format that can be customized using your office software.
2. Download and install after ordering.
Once you have ordered and downloaded your template or pack, you will have all the content you need to get started.
3. Customize the contract template with your information.
You can customize the contract document as much as you need. If you get a Contract Pack or Professional Bundle, you can also use the included Wizard software to automate name/address data merging.
Select an appropriate payment terms from the list of possible choices depending on the agreement being used with and delete the rest. For example, if using a project development contract use one of the first three milestone based payment terms. If using a VAR/Reseller contract or for general pricing use the payment terms pricing plan at the end of the list of plans below.
EXHIBIT A
PAYMENT TERMS
Customer agrees to pay Developers a fee of Total Payment Amount, according to the following terms:
90% of the estimated price upon execution of the Agreement.
Customer agrees to the pay for all out-of-pocket expenses incurred by Developers in developing the project including, but without limitation, any:
License fees
Outsource services billed for Customer.
Film and Developing
Shipping
Domain name registration
Host costs (for ISP).
G: Hardware and software
H: Travel
Customer agrees to pay for the Developer's fee and all expenses, as set forth above, within 15 days of invoice. All unpaid balances shall accrue interest at 1 1/2% per month. Customer agrees that any changes customer makes to the specification may adversely affect the original estimate.
Extra time incurred above and beyond the original specification will be billed at an hourly rate of Hourly Rate and is not subject to the costs, estimates and caps in 1. above. Customer agrees that estimated yearly maintenance costs are only estimates and are not included in the quoted price.
EXHIBIT A
PAYMENT TERMS
Customer agrees to pay Developers a fee of Insert Total Payment Amount, according to the following terms:
1/3 of the fee upon execution of the Agreement;. 1/3 of the fee upon completion of Insert Key Payment Milestone. The remaining 1/3 upon completion per the specification.
Customer agrees to the pay for all out-of-pocket expenses incurred by Developers in developing the project including, but without limitation, any:
License fees
Outsource services billed for Customer
Film and Developing
Shipping
Domain name registration
Host costs (for ISP)
G: Hardware and software
H: Travel
Customer agrees to pay for the Developers' fee and all expenses, as set forth above, within 15 days of invoice. All unpaid balances shall accrue interest at 1 1/2% per month. Customer agrees that any changes customer makes to the specification may adversely affect the original estimate. Extra time incurred above and beyond the original specification will be billed at an hourly rate of Hourly Rate and is not subject to the costs, estimates and caps in 1. above.
Customer agrees that estimated yearly maintenance costs are only estimates and are not included in the quoted price.
EXHIBIT A
PAYMENT TERMS
Customer agrees to pay Developers an hourly fee, according to the following terms:
10% of the estimate upon execution of the Agreement of Total Payment Amount. Customer is billed at Hourly Rate per hour at the completion of each milestone. The customer will not be liable for more than Insert Maximum Amount Liable for in hourly work.
Customer agrees to the pay for all out-of-pocket expenses incurred by Developers in developing the project including, but without limitation, any:
License fees
Outsource services billed for Customer
Film and Developing
Shipping
Domain name registration
Host costs (for ISP)
G: Hardware and software
H: Travel
Customer agrees to pay for the Developers' fee and all expenses, as set forth above, within 15 days of invoice. All unpaid balances shall accrue interest at 1 1/2% per month. Customer agrees that any changes customer makes to the specification may adversely affect the original estimate.
Extra time incurred above and beyond the original specification will be billed at an hourly rate of Hourly Rate and is not subject to the costs, estimates and caps in 1. above. Customer agrees that estimated yearly maintenance costs are only estimates and are not included in the quoted price.
EXHIBIT A
CREDIT CARD PAYMENT PLAN
Authorization for credit card payments for development per Exhibit A and B. Charges to be applied as Customer accepts each milestone. Customer accepts liability for all costs incurred (including but not limited to chargebacks and reversals).
Card Number
Expiration Date
Name on Card
Phone: Phone Number
Fax: Fax Number
Email: Email Address
Company: Company Name
Street: Address Address
City: City
Country: Country
EXHIBIT A
PAYMENT TERMS
Pricing Plan:
The complete Exhibit A (Payment Terms) - with the actual formatting and layout - is available as a single template or as part of a library of related templates in a Contract Pack or the Professional Bundle.
Add To Cart This Word Template Only
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Related documents may be used in conjunction with this document depending on your situation. Many related documents are intended for use as part of a contract management system.
This video illustrates how to create a legal contract using the Proposal Pack Wizard software. It also shows how to create a proposal with an invoice and contract at the same time.
Customizing the Exhibit A (Payment Terms) involves editing the document to include your business details, terms, and conditions. The templates are designed to be flexible, allowing you to insert your company's name, address, and other relevant information. You can modify clauses to reflect your unique business practices and legal requirements.
The legal contract templates are written by legal professionals and designed to comply with current laws and regulations at the time of their writing. However, laws can vary by jurisdiction and change over time, so it's recommended to have your contract reviewed by a local attorney to ensure it meets all legal requirements specific to your region and industry. Templates are licensed as self-help information and not as legal advice.
You can use the same Exhibit A (Payment Terms) for different clients or projects. The templates are versatile and easily adapted for various scenarios. You will need to update specific details such as client names, project descriptions, and any unique terms for each new agreement to ensure that each contract accurately reflects the particulars of the individual client or project.
If you encounter a clause or term in the Exhibit A (Payment Terms) that you need help understanding, you can refer to guidance notes explaining each section's purpose and use. For more complex or unclear terms, it's advisable to consult with a legal professional who can explain the clause and help you determine if any modifications are necessary to suit your specific needs.
Ian Lauder has been helping businesses write their proposals and contracts for two decades. Ian is the owner and founder of Proposal Kit , one of the original sources of business proposal and contract software products started in 1997.
ProducedProposal Kit, Inc. makes no warranty and accepts no responsibility for the suitability of any materials to the licensee's business. Proposal Kit, Inc. assumes no responsibility or liability for errors or inaccuracies. Licensee accepts all responsibility for the results obtained. The information included is not legal advice. Names in use cases have been fictionalized. Your use of the Exhibit A (Payment Terms) template and any purchased packages constitutes acceptance and understanding of these disclaimers and terms and conditions.
