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1. Parties: Identification and details of the parties entering into the agreement
2. Background: Context of the agreement and the circumstances leading to the cash payment obligation
3. Definitions: Definitions of key terms used throughout the agreement
4. Payment Terms: Details of the payment amount, currency, and payment schedule
5. Method of Payment: Specified means of making payments (cash, bank deposit, etc.) and documentation requirements
6. Payment Conditions: Any conditions that must be met before payments are made
7. Receipt and Documentation: Requirements for documenting payments and maintaining payment records
8. Regulatory Compliance: Compliance with Anti-Money Laundering Act and other relevant Philippine regulations
9. Default and Remedies: Consequences of payment default and available remedies
10. Representations and Warranties: Standard representations regarding capacity to enter agreement and lawful source of funds
11. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes
12. Miscellaneous: Standard boilerplate provisions including notices, amendments, and severability
1. Security: Include when additional security for the payment obligation is required, such as collateral or guarantees
2. Interest: Include when interest is to be charged on late payments or installment arrangements
3. Tax Provisions: Include detailed tax provisions when significant tax implications exist or withholding requirements apply
4. Force Majeure: Include when parties want protection from events beyond their control affecting payment ability
5. Third Party Guarantees: Include when a third party is guaranteeing the payment obligations
6. Currency Exchange: Include when payments may be made in multiple currencies or exchange rate provisions are needed
7. Electronic Payments: Include when electronic payment methods will be used alongside or instead of cash
8. Confidentiality: Include when the payment terms or existence of the agreement should remain confidential
1. Payment Schedule: Detailed schedule of payment amounts and due dates
2. Payment Documentation Form: Standard form for documenting each cash payment made
3. Compliance Certificates: Templates for any required compliance certificates or declarations
4. Contact Details: List of authorized representatives and contact information for payment-related communications
5. Bank Details: Banking information if bank deposits are an allowed payment method
6. Security Details: Details of any security or collateral provided (if applicable)
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