tiktok成人版

Installment Payment Agreement Template for Indonesia

Create a bespoke document in minutes, 聽or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Installment Payment Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Key Requirements PROMPT example:

Installment Payment Agreement

"I need an Installment Payment Agreement for the sale of manufacturing equipment worth IDR 500,000,000 to be paid in 24 monthly installments, with a 20% down payment and security interest in the equipment until full payment is received."

Document background
The Installment Payment Agreement is essential when parties wish to establish a structured payment plan for goods, services, or existing debt under Indonesian law. This document is commonly used in various commercial and consumer transactions where full immediate payment is not feasible or desired. It provides a detailed framework for installment payments, including specific payment dates, amounts, and methods of payment, while ensuring compliance with Indonesian financial regulations and consumer protection laws. The agreement becomes particularly important in scenarios involving significant purchases, debt restructuring, or regular payment arrangements, as it helps prevent misunderstandings and provides legal protection for both the creditor and debtor. It must comply with Indonesian Civil Code requirements and relevant OJK regulations regarding payment terms, interest rates, and consumer rights.
Suggested Sections

1. Parties: Identification of the creditor and debtor, including complete legal names, addresses, and any registration numbers

2. Background: Context of the agreement, including the original debt or purchase amount and the parties' intention to establish an installment payment arrangement

3. Definitions: Key terms used throughout the agreement, including Payment Date, Installment Amount, Total Outstanding Amount, etc.

4. Payment Terms: Details of the total amount owed, number of installments, payment frequency, and payment method

5. Payment Schedule: Specific dates when payments are due and the amount of each installment

6. Interest and Fees: Any applicable interest rates, late payment fees, or administrative charges

7. Default and Remedies: Consequences of missed payments, default scenarios, and creditor's rights in case of default

8. Representations and Warranties: Basic declarations by both parties regarding their capacity and authority to enter into the agreement

9. Notices: How formal communications between parties should be made and delivered

10. Governing Law and Jurisdiction: Confirmation of Indonesian law as governing law and jurisdiction for disputes

11. Entire Agreement: Standard clause confirming this document represents the complete agreement between parties

Optional Sections

1. Security and Collateral: Required if the installment payment is secured by any assets or guarantees

2. Early Payment Provisions: Include when early payment options or discounts are offered

3. Insurance Requirements: Necessary when insurance is required for secured assets or payment protection

4. Third-Party Guarantor: Include when a guarantor is involved in securing the payment obligations

5. Electronic Payment Terms: Required when payments will be made through specific electronic payment systems

6. Force Majeure: Include when parties want to address circumstances that might prevent payment due to unforeseen events

7. Refinancing Options: Include when the agreement allows for potential refinancing of the remaining balance

8. Assignment Rights: Include when either party may need to transfer their rights under the agreement

Suggested Schedules

1. Schedule 1 - Detailed Payment Schedule: Comprehensive table showing all payment dates, installment amounts, and running balance

2. Schedule 2 - Payment Methods: Details of approved payment methods, account numbers, and payment processing procedures

3. Schedule 3 - Collateral Description: Detailed description of any assets provided as security, including registration numbers and conditions

4. Appendix A - Required Documents: List of supporting documents provided by the debtor (e.g., ID, proof of income, bank statements)

5. Appendix B - Late Payment Fee Structure: Detailed breakdown of applicable fees and charges for late or missed payments

6. Appendix C - Direct Debit Authorization: If applicable, the direct debit authorization form and terms

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




























Clauses




























Relevant Industries

Financial Services

Retail

Real Estate

Automotive

Manufacturing

Construction

Education

Healthcare

Technology

Consumer Goods

Professional Services

Telecommunications

Relevant Teams

Legal

Finance

Credit Control

Collections

Risk Management

Compliance

Sales

Treasury

Accounts Receivable

Contract Administration

Relevant Roles

Financial Controller

Credit Manager

Collections Manager

Legal Counsel

Finance Director

Accounts Receivable Manager

Risk Manager

Compliance Officer

Contract Administrator

Treasury Manager

Sales Manager

Business Development Manager

Chief Financial Officer

Credit Analyst

Financial Planning Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Payment Arrangement Agreement

An Indonesian law-governed agreement establishing structured payment terms and conditions for debt repayment between parties.

find out more

Installment Plan Agreement

An Indonesian law-governed agreement establishing terms for purchase of goods/services through structured periodic payments, compliant with local consumer protection and financial regulations.

find out more

Agreement For Payment Of Money

An Indonesian law-governed agreement establishing terms and conditions for monetary obligations between parties, including payment schedules and enforcement mechanisms.

find out more

Installment Agreement

An Indonesian law-governed agreement for purchase through periodic payments, compliant with OJK regulations and Civil Code requirements.

find out more

Full Payment Agreement

An Indonesian law-governed agreement establishing terms for complete payment between parties, including payment details, security provisions, and enforcement mechanisms.

find out more

Installment Payment Agreement

An Indonesian law-governed agreement establishing terms for scheduled installment payments, including payment schedule, interest rates, and default provisions.

find out more

Payment Plan Contract

An Indonesian law-governed Payment Plan Contract establishing structured payment arrangements between parties, compliant with local financial and civil code requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.