tiktok³ÉÈ˰æ

Consulting Agreement Payment Terms Template for Singapore

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

4.6 / 5
4.8 / 5

Let's create your Consulting Agreement Payment Terms

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:

Consulting Agreement Payment Terms

"Need a Consulting Agreement Payment Terms document for a Singapore-based tech consulting project, covering monthly payments of SGD 15,000 with specific milestone-based bonuses and expense reimbursement structure, starting March 2025."

Document background
The Consulting Agreement Payment Terms document is essential for establishing clear financial arrangements between consultants and clients in Singapore. It defines how and when payments should be made, addressing key aspects such as fee structures, payment schedules, and invoicing requirements. This document ensures compliance with Singapore's legal framework, including Contract Law (Chapter 53) and GST regulations. It serves as a crucial component of the broader consulting relationship, protecting both parties' interests while maintaining transparency in financial dealings.
Suggested Sections

1. Parties: Identification and details of the consultant and client

2. Background: Context and purpose of the consulting arrangement

3. Definitions: Key terms used throughout the agreement

4. Fee Structure: Detailed breakdown of consulting fees and rates

5. Payment Schedule: Timing and frequency of payments

6. Payment Methods: Accepted payment methods and banking details

7. Invoice Requirements: Invoice format, submission process, and timing

Optional Sections

1. Late Payment Terms: Penalties and procedures for delayed payments - recommended for new clients or high-value contracts

2. Currency Provisions: Specifications for payments in foreign currencies - for international consulting arrangements

3. Expenses: Terms for reimbursement of expenses - when consultant may incur project-related expenses

4. Tax Provisions: Specific tax handling arrangements - for cross-border services or specific tax requirements

Suggested Schedules

1. Fee Schedule: Detailed breakdown of all fees and rates

2. Payment Milestones: Project milestones linked to payment schedules

3. Banking Details: Consultant's banking and payment information

4. Invoice Template: Standard format for invoice submission

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



























Clauses


























Industries

Contract Law (Chapter 53): Primary legislation governing contractual relationships and agreements in Singapore, including formation, terms, and enforcement of contracts

Employment Act (Chapter 91): Key legislation to consider to ensure consulting agreement is clearly distinguished from employment relationships to avoid misclassification

Income Tax Act (Chapter 134): Governs taxation requirements for consulting fees and related income, including withholding tax obligations

Goods and Services Tax Act (Chapter 117A): Regulates GST implications for consulting services and payment terms

Currency Act (Chapter 69): Legislation governing currency usage and legal tender in Singapore for payment terms

Electronic Transactions Act (Chapter 88): Regulates electronic transactions and digital payments, relevant for modern payment methods

Payment Services Act 2019: Governs payment systems and payment service providers in Singapore

Companies Act (Chapter 50): Relevant for corporate entity considerations in consulting relationships

Business Names Registration Act 2014: Regulates business name registration requirements for consulting entities

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in consulting relationships

Central Provident Fund Act: May be relevant if consulting relationship could be interpreted as employment relationship

Anti-Money Laundering Regulations: Compliance requirements for prevention of money laundering in business relationships and payments

Cross-Border Payment Regulations: Regulations governing international payment transfers and related reporting requirements

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

Website Development Contract Terms And Conditions

find out more

Consulting Agreement Payment Terms

find out more

Canteen Contract Terms And Conditions

find out more

Terms And Conditions For Clients

find out more

Standard Service Agreement Terms And Conditions

find out more

Service Contract Terms And Conditions

find out more

Application Form Terms And Conditions

find out more

Service Agreement Term Sheet

find out more

Contracting Terms And Conditions

find out more

Long Term Service Contract

find out more

Short Form Terms And Conditions

find out more

Order Form Terms And Conditions

find out more

Consent Terms And Conditions

find out more

Terms And Conditions For Service Invoice

find out more

Terms Of Use Agreement

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.