Lump Sum Payment. If an individual JOC Task Order is scheduled for Completion within forty- five (45) days or less, the County will make one payment after thirty (30) days of Work to the Contractor, …

Jun 25, 2024 · A lump sum payment agreement letter is a document that outlines the terms and conditions under which a single payment will be made to settle a debt or fulfill an obligation.

Dec 28, 2024 · The guide also includes sample clauses and illustrative examples to enhance understanding and facilitate informed decision-making. Legal considerations, risk allocation, and …

Lump-Sum or Installments. A participant may elect to receive distributions of the deferred compensation under the Plan in either # a lumpsum or # a number of annual installments, not more than ten, as …

Mar 12, 2025 · This clause ensures that the creditor has a clear understanding of when payments should be made, and it provides remedies in case of non-payment or delayed payment.

All payments shall be applied first to late charges, then to interest, then to principal and shall be credited to the Maker's account on the date that such payment is physically received by the Holder.

It outlines the proposed scope of work, timeline, lump sum bid price of [Amount], payment terms, and qualifications that make the company suited for the project. The bid is valid until [Date] and includes …

If this contract is designated as a Lump Sum contract on page 1 following completion of the work Consultant shall submit a single invoice containing the beginning and ending dates of the billing …

Jun 29, 2016 · Payment Terms clause defines payment conditions, deadlines, and methods, ensuring timely transactions, reducing disputes, and maintaining financial clarity.

A Lump Sum Contracts clause defines an agreement where the contractor is paid a fixed total price for completing a specified scope of work, regardless of the actual costs incurred.