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GLS Checklist: Payment Clause
US$99
The Problem: You need to review/prepare a Payment Clause.
You need to know what to look for when reviewing payment clauses.
Related challenges include:
- the payment clauses may delay payment far beyond what is commercially reasonable for your business
- you may not realise the agreement allows the customer to withhold or offset payments too easily
- you may miss payment triggers linked to vague acceptance or approval requirements
- you may not know whether invoicing obligations align with your operational processes
- you may overlook rights allowing disputed amounts to delay payment of undisputed amounts
- you may not identify refund obligations that create disproportionate financial exposure
- you may fail to spot pricing adjustment or unilateral fee reduction mechanisms
- you may assume payment clauses are routine wording when they often drive major cash flow risk
- you may not know what payment positions are market standard versus commercially aggressive
- the problem becomes worse when reviewing large customer or procurement-driven paper
The web has lots of checklists – but are they any good?
The GLS Solution: An intuitive checklist to guide you through the key issues in a Payment Clause.
GLS checklists™ flag the key issues you need to be aware of in a wide range of corporate and commercial agreements so that you can be confident in the agreement you are reviewing/signing.
This checklist is for a- Payment Clause.
Useful to both legal teams and lay-persons, this GLS Checklist™ flags the issues that ought to be considered when reviewing an agreement of this type.
GLS Checklists™ distill years of professional legal experience into a simple and easy to follow checklist that helps you step through the issues.
Remember, its not what you know that is usually the problem - its what you don't know. So, let this checklist help you conduct your review.
Be sure also to carefully explore the Trading Line on the GLS Startup Legal Journey Map - all the intelligence presented there is available to you for free and answers a wide range of common Trading related queries Founders might have.
In particular, check out the Sales Agreements Station.
There are plenty of checklists found on the Web but few are regularly maintained by a legal services group dedicated to empowering you to achieve more yourself.
Check out the solution sample on the right to decide if this checklist is what you are looking for.
Problem solved.
Deliverables: A world class Payment Clause Checklist
Checklist Assets & Benefits
| GLS Checklist: | You will receive a high-quality GLS Checklist structured for efficient and practical legal review - comprising an intuitive Y/N review framework, drafting tips, recommendations, and examples. It couldn't be easier to follow. |
| Delivery: | In most cases, your checklist will be delivered instantly to your dedicated “My Legal Department” channel within the GLS Startup Support Centre. |
| GLS Discount: | As a purchaser of a GLS Checklist, you will be entitled to a 10% credit on any subsequent GLS review solution (i.e. Overflow or Kickstarter) that you purchase in relation to the relevant Agreement or Issue Checklist. |
| GLS Legal On Call (Free) | Following your purchase, you will instantly qualify for inclusion in the GLS Legal On Call (Free) solution - giving you, in effect, access to up to 30 minutes of in-house lawyer time. |
| Checklist Voucher: | We will also provide you with a 20% discount voucher code for any additional GLS Checklists that you purchase within 90 days of your initial checklist order. |
| Constant Updates: | All our templates are regularly updated to track emerging market practices. |
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US$99.00
excl GST
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Sample Solution
