The Payment Schedule Contract is a vital legal instrument used in Indonesian business transactions where parties need to formalize arrangements for structured payments over time. This document type is particularly relevant when there is a need to break down larger payment obligations into manageable installments, whether arising from commercial transactions, loans, or other financial obligations. The contract must comply with Indonesian Civil Code requirements and relevant financial regulations, including Law No. 7 of 2011 on Currency and Bank Indonesia regulations. It is commonly used in various scenarios including debt restructuring, large purchase agreements, construction contracts, or any situation requiring systematic payment arrangements. The document typically includes comprehensive details about payment terms, methods, security arrangements, and default provisions, all structured within the Indonesian legal framework.
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1. Parties: Identification and details of the parties entering into the payment schedule agreement
2. Background: Context of the payment obligation, including reference to any main agreement or circumstances giving rise to the payment obligation
3. Definitions: Definitions of key terms used throughout the agreement
4. Payment Amount and Currency: Total amount owed and currency of payment, including any applicable exchange rate provisions
5. Payment Schedule: Detailed breakdown of payment installments, including amounts and due dates
6. Payment Method: Specified payment mechanisms and account details for making payments
7. Interest and Late Payments: Interest rates applicable to late payments and consequences of payment delays
8. Default and Remedies: Events constituting default and available remedies for both parties
9. Notices: Process and requirements for sending formal notices between parties
10. Governing Law and Jurisdiction: Confirmation of Indonesian law as governing law and jurisdiction for disputes
11. Amendment and Modification: Process for making changes to the payment schedule or agreement terms
12. Execution: Signature blocks and execution requirements
1. Security and Guarantees: Include when additional security or guarantees are provided to secure the payment obligations
2. Early Payment Provisions: Include when there are specific terms for early or accelerated payments, including any discounts
3. Force Majeure: Include when parties want to address payment obligations during extraordinary circumstances
4. Tax Provisions: Include when tax implications need to be specifically addressed for the payments
5. Currency Conversion: Include when payments may be made in multiple currencies or require conversion
6. Electronic Payment Terms: Include when electronic payment systems are specifically being used
7. Debt Restructuring Provisions: Include when there's a possibility of payment restructuring or renegotiation
1. Schedule A - Payment Schedule Detail: Detailed table of payment dates, amounts, and running balance
2. Schedule B - Bank Account Details: Complete banking information for making payments
3. Schedule C - Interest Calculation Method: Detailed explanation of how interest is calculated on late payments
4. Appendix 1 - Original Debt Documentation: Copies of documents evidencing the original debt or payment obligation
5. Appendix 2 - Security Documentation: If applicable, copies of security documents or guarantees
6. Appendix 3 - Payment History: Record of payments made to be updated throughout the payment period
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Letter Of Debt Payment Agreement
An Indonesian law-governed document establishing debt repayment terms and conditions between creditor and debtor, with defined payment schedules and obligations.
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Partial Payment Agreement Letter
An Indonesian law-governed letter establishing terms for partial debt payment arrangements between creditor and debtor.
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Affidavit Of Payment Agreement
An Indonesian legal document combining a sworn statement with payment agreement terms, used to formally acknowledge and structure debt obligations under Indonesian law.
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Contract Of Repayment
An Indonesian law-governed agreement documenting debt obligations and repayment terms between parties, ensuring legal enforceability under Indonesian jurisdiction.
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Rent Payment Contract
An Indonesian law-governed agreement establishing rent payment terms and conditions between landlord and tenant, including payment schedules and obligations.
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Agreement To Pay
An Indonesian law-governed agreement that formalizes debt obligations and payment terms between parties, establishing legally binding repayment commitments.
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Fee Payment Agreement
An Indonesian law-governed agreement establishing fee payment terms and conditions between parties, including payment schedules and obligations.
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Advance Payment Agreement Letter
An Indonesian law-governed letter documenting terms and conditions for advance payment arrangements between parties, including payment details, security measures, and compliance requirements.
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Contract For Repayment Of Money
An Indonesian law-governed agreement establishing terms and conditions for debt repayment between parties, including payment schedule and default provisions.
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Tripartite Agreement For Third Party Payment
An Indonesian law-governed agreement establishing a three-party payment arrangement where a third party assumes payment obligations between two other parties.
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Payment Schedule Agreement
An Indonesian law-governed agreement that establishes structured payment terms, schedules, and conditions between parties, detailing payment obligations and compliance requirements.
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Payment Agreement Letter
A legally binding document under Indonesian law that formalizes payment obligations between parties, detailing payment terms and conditions.
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Loan Repayment Agreement Letter
An Indonesian-law governed letter documenting loan repayment terms and conditions between lender and borrower, establishing a legally binding repayment commitment.
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Lot Payment Agreement
An Indonesian law-governed agreement establishing terms and conditions for lot purchase payments and property transfer arrangements.
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Down Payment Contract
An Indonesian law-governed agreement establishing terms and conditions for down payments in commercial transactions, ensuring legal protection for all parties involved.
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Advance Payment Contract
An Indonesian law-governed contract establishing terms and conditions for advance payment arrangements, including security measures and delivery obligations.
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Advance Payment Agreement
An Indonesian law-governed agreement establishing terms for advance payments, including security arrangements and compliance with local banking and currency regulations.
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Third Party Payment Contract
An Indonesian law-governed agreement establishing terms for third-party payment arrangements, compliant with local banking and payment system regulations.
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Royalty Contract
An Indonesian law-governed agreement establishing terms for royalty payments in exchange for intellectual property usage rights.
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Prepayment Agreement
An Indonesian law-governed agreement establishing terms for advance payment arrangements, including payment terms, delivery obligations, and security provisions.
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Payout Agreement
An Indonesian law-governed agreement establishing payment terms and obligations between parties, ensuring compliance with local financial regulations and currency laws.
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Payment Undertaking Agreement
An Indonesian law-governed agreement establishing formal payment obligations between parties, with specific terms and conditions for payment fulfillment and security.
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Payment Guarantee Agreement
An Indonesian law-governed agreement where a guarantor ensures payment obligations of a debtor to a beneficiary, subject to Indonesian Civil Code and banking regulations.
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Pay Settlement Agreement
An Indonesian law-governed agreement that documents the settlement of payment-related matters between employer and employee, including payment terms and mutual releases.
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Non Refundable Payment Agreement
An Indonesian law-compliant agreement establishing terms and conditions for non-refundable payments between parties, with clear acknowledgment of payment finality.
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Letter Of Repayment Agreement
An Indonesian law-governed agreement establishing debt repayment terms between creditor and debtor, including payment schedule and default provisions.
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Letter Of Commission Payment
An Indonesian law-governed document that formally confirms and details commission payment arrangements between a company and its representatives or agents.
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Invoicing Agreement
An Indonesian law-governed agreement establishing invoicing terms, conditions, and compliance requirements between contracting parties.
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Final Payment Agreement Letter
An Indonesian law-governed document that formalizes the terms and conditions of a final payment to settle an outstanding financial obligation.
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Entrusted Payment Agreement
An Indonesian law-governed agreement establishing an arrangement where one party authorizes another to make payments to specified beneficiaries on their behalf.
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Deferred Payment Contract
An Indonesian law-governed agreement establishing terms for scheduled future payments between parties, with defined payment obligations and security arrangements.
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Deferment Agreement
An Indonesian law-governed agreement that modifies existing payment obligations by establishing new payment terms and schedules, while maintaining compliance with Indonesian civil law and financial regulations.
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Agreement Letter For Down Payment
An Indonesian law-governed letter documenting down payment terms and conditions between parties, serving as a legally binding record of advance payment arrangements.
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Earnout Agreement
Indonesian law-governed agreement setting terms for performance-based additional purchase price payments in M&A transactions.
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Monthly Payment Agreement
An Indonesian law-compliant agreement establishing terms and conditions for recurring monthly payment obligations between parties.
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Layaway Agreement
An Indonesian law-governed agreement between retailer and customer for installment-based purchases with merchandise retention until full payment.
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Repayment Contract Agreement
An Indonesian law-governed agreement establishing terms and conditions for debt repayment, including payment schedule, interest rates, and enforcement mechanisms.
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Rent Payment Agreement
An Indonesian law-governed agreement specifying rental payment terms, schedules, and obligations between landlord and tenant.
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Payment Schedule Contract
An Indonesian law-governed contract that establishes structured payment arrangements between parties, detailing payment terms, schedules, and obligations.
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Debt Repayment Agreement
An Indonesian law-governed agreement establishing terms and conditions for debt repayment, including payment schedule, interest, and default provisions.
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