This Payment Agreement ("Agreement") is made and entered into as of [Date] by and between:
Payor:
("Payor")
Payee:
("Payee")
WHEREAS, Payor desires to engage Payee to perform certain services, and Payee desires to perform such services.
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:
1. Services
Payee agrees to provide the following services for Payor:
2. Payment
3. Invoices
Payee shall submit invoices to Payor for each payment due under this Agreement. Invoices shall be in writing and shall include a detailed description of the services rendered, the date(s) the services were rendered, and the amount due.
4. Taxes
Payee is responsible for all applicable taxes associated with the services provided under this Agreement. Payee shall provide Payor with a tax receipt or other documentation upon request.
5. Term and Termination
This Agreement shall commence on the date first written above and shall continue until the completion of the services and full payment is received by Payee. This Agreement may be terminated by either party upon written notice to the other party for any reason. In the event of termination by Payor without cause, Payor will compensate Payee for services rendered up to the date of termination.
6. Default
If either party fails to fulfill its obligations under this Agreement, the other party may terminate this Agreement upon written notice.
7. Dispute Resolution
[Optional: Specify the method for resolving any disputes arising from the Agreement (e.g., mediation, arbitration).]
8. Notices
All notices required or permitted hereunder shall be in writing and shall be deemed given when delivered personally, sent by certified or registered mail, postage prepaid, return receipt requested, or sent by overnight courier service to the addresses set forth above.
9. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [Your State] (USA) or the Province of [Your Province] (Canada), as applicable.
10. Entire Agreement
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.
11. Severability
If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.
12. Signatures
[Your Signature]
[Your Printed Name]
[Client Signature]
[Client Printed Name]
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