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Final Payment Agreement
"Need a Final Payment Agreement under Singapore law to document the final payment of SGD 250,000 to our software development vendor, including mutual releases and confidentiality provisions, with payment to be made by March 15, 2025."
1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context of the agreement, including reference to original contract and payment history
3. Definitions: Key terms used throughout the agreement
4. Payment Terms: Final payment amount, method, and timing
5. Release Provisions: Mutual release of claims upon payment
6. Governing Law: Specification of Singapore law as governing law
1. Confidentiality: Provisions for keeping payment terms confidential, used in sensitive commercial arrangements
2. Tax Provisions: Treatment of taxes related to the final payment, used when tax implications need clarification
3. Dispute Resolution: Specific dispute resolution mechanisms, used when parties want to specify alternative dispute resolution methods
4. Currency Provisions: Currency specification and exchange rate provisions, used for international payments
1. Payment Schedule: Detailed breakdown of payment if made in installments
2. Original Contract Reference: Copy or summary of original contract terms
3. Payment History: Record of previous payments made
4. Bank Details: Banking information for final payment transfer
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³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s 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 £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.
Read our Privacy Policy.