tiktok³ÉÈË°æ

All Countries
Banking
Payment Agreement

Payment Agreement Template for Malaysia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Payment Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Payment Agreement

"I need a Payment Agreement for my manufacturing company to pay RM 500,000 to a supplier in monthly installments from January 2025, with a corporate guarantee as security and provisions for electronic payments."

Celebrated by
Collaborations with
Investors
Document background
The Payment Agreement serves as a crucial legal instrument in Malaysian business transactions, providing a structured framework for managing payment obligations between parties. This document is essential when parties need to formalize payment terms for various commercial arrangements, such as installment purchases, service contracts, or debt settlements. The agreement ensures compliance with Malaysian financial regulations and contract law, incorporating necessary provisions from the Contracts Act 1950, Financial Services Act 2013, and other relevant legislation. It is particularly valuable in situations requiring detailed payment schedules, specific performance conditions, or security arrangements. The Payment Agreement can be customized to accommodate different payment structures, from simple one-time payments to complex installment plans, while maintaining enforceability under Malaysian jurisdiction.
Suggested Sections

1. Parties: Identification and details of all parties to the agreement, including registration numbers for companies

2. Background: Context of the agreement, including the basis for the payment obligation

3. Definitions: Definitions of key terms used throughout the agreement

4. Payment Terms: Core payment obligations, including amount, currency, and payment schedule

5. Method of Payment: Specified payment mechanisms and banking details

6. Payment Conditions: Any conditions that must be met before payments are due

7. Default and Remedies: Consequences of payment default and available remedies

8. Representations and Warranties: Basic warranties about capacity to pay and validity of obligation

9. Notices: Process for serving payment notices and other communications

10. Governing Law and Jurisdiction: Confirmation of Malaysian law governance and jurisdiction

Optional Sections

1. Security: Details of any security or guarantees provided for the payment obligations

2. Interest: Terms for interest on late payments or scheduled interest payments

3. Electronic Payments: Specific provisions for electronic payment methods and systems

4. Force Majeure: Provisions for payment delays due to circumstances beyond parties' control

5. Assignment: Rights to assign payment obligations or benefits to third parties

6. Confidentiality: Provisions for keeping payment terms and information confidential

7. Dispute Resolution: Alternative dispute resolution mechanisms before court proceedings

8. Multiple Currencies: Provisions for payments in multiple currencies and exchange rates

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payment amounts and due dates

2. Calculation Method: Formula or method for calculating variable payments or interest

3. Bank Account Details: Complete banking information for making payments

4. Security Documents: Copies or details of any security instruments or guarantees

5. Required Notices: Templates for payment notices and default notices

6. Payment Procedures: Detailed procedures for making and processing payments

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions























Clauses





























Relevant Industries

Banking and Financial Services

Real Estate

Construction

Manufacturing

Professional Services

Retail

Technology

Healthcare

Education

Energy

Telecommunications

Infrastructure Development

Import/Export

Consultancy Services

Relevant Teams

Finance

Legal

Treasury

Accounts Receivable

Accounts Payable

Risk Management

Compliance

Commercial

Credit Control

Corporate Secretariat

Relevant Roles

Chief Financial Officer

Finance Director

Financial Controller

Treasury Manager

Accounts Receivable Manager

Accounts Payable Manager

Legal Counsel

Contract Manager

Credit Controller

Risk Manager

Commercial Director

Business Development Manager

Company Secretary

Compliance Officer

Financial Analyst

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Installment Plan Contract

A Malaysian law-governed agreement establishing terms for purchase of goods/services through scheduled installment payments, ensuring compliance with local financial and consumer protection regulations.

find out more

Instalment Agreement Form

A Malaysian law-governed agreement establishing terms for purchase through scheduled installment payments, including payment terms, security arrangements, and buyer-seller obligations.

find out more

Payment Plan Installment Agreement

A Malaysian law-governed agreement establishing structured installment payments between parties for debt settlement or purchase price payment.

find out more

Direct Debit Installment Agreement

A Malaysian-compliant agreement establishing terms for automated recurring payments from a customer's bank account through direct debit installments.

find out more

Partial Payment Agreement

A Malaysian law-governed agreement establishing structured payment terms between creditor and debtor for settling outstanding debt through installments.

find out more

Payment Schedule Agreement

A Malaysian law-governed agreement establishing structured payment terms and conditions between parties, detailing payment schedules and obligations.

find out more

Payment Agreement Letter

A legally binding document under Malaysian law that establishes payment terms between parties, including amount owed, payment schedule, and default consequences.

find out more

Installment Payment Plan Form

A Malaysian law-governed agreement establishing terms for structured payment arrangements between seller and buyer, including payment schedules and party obligations.

find out more

Installment Agreement For Business

A Malaysian law-governed agreement establishing terms for business purchases with structured installment payments, including payment schedules, delivery terms, and security arrangements.

find out more

Installment Agreement Letter

A Malaysian law-compliant document establishing terms for payment in installments between two parties.

find out more

Agreement For Payment Of Money

A Malaysian law-governed agreement that establishes legally binding payment obligations and terms between parties.

find out more

Payment Installment Form

A Malaysian-compliant legal document establishing structured installment payment terms between parties, detailing payment schedule and obligations.

find out more

Payment Installment Agreement Form

A Malaysian law-governed agreement establishing structured payment terms between parties, detailing installment amounts, schedules, and default provisions.

find out more

Down Payment Agreement Form

A Malaysian-compliant agreement governing the terms and conditions of down payments between parties, including payment terms, refund conditions, and default remedies.

find out more

Rent Payment Plan Agreement

A Malaysian law-governed agreement establishing a structured payment plan for rent between landlord and tenant, modifying existing rental payment terms.

find out more

Debt Payment Agreement Form

A Malaysian law-governed agreement that formalizes debt repayment terms between a creditor and debtor, establishing payment schedules and obligations.

find out more

Repayment Plan Agreement

A Malaysian law-governed agreement establishing structured terms and conditions for debt repayment between creditor and debtor.

find out more

Patient Payment Agreement Form

Malaysian-compliant agreement establishing payment terms and conditions between healthcare providers and patients for medical services.

find out more

Installment Agreement

A Malaysian law-governed agreement establishing terms for purchase through periodic installment payments, including payment schedules, interest rates, and parties' rights and obligations.

find out more

Full Payment Agreement

A Malaysian law-governed agreement detailing full payment terms, conditions, and obligations between parties, with comprehensive provisions for payment execution and enforcement.

find out more

Payment Agreement

A Malaysian law-governed agreement establishing payment terms, conditions, and obligations between parties, with comprehensive provisions for payment execution and enforcement.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

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.