final payment clause

Quelle: https://www.law.cornell.edu/wex/payment_clause

A final payment clause is a contractual provision that specifies the timing, amount, and conditions of the remaining payment after performance or delivery. It is often used to secure warranties or performance claims and governs due date, inspection/acceptance, claims handling, and final invoicing.

Related Terms

You might also be interested in these terms

payment clause

A payment clause is a contractual provision that specifies the terms of payment, including amount, due date, payment method, and consequences of late ...

Learn more

Payment clause; payment plan

A contractual provision that specifies the terms of payment between buyer and seller in a logistics or transport contract, including due dates, paymen...

Learn more

down payment clause

A down payment clause is a contractual provision that requires a down payment or partial payment before the delivery of goods or the performance of se...

Learn more

late payment clause

A contractual clause that governs the consequences of late payment, such as default interest, reminders, payment deadlines, potential suspension of de...

Learn more

Prepayment clause

A contract clause requiring payment in advance before shipment or performance; used to mitigate seller risk by securing payment prior to delivery.

Learn more

final invoice payment clause

Specifies the payment terms applicable to the final invoice in a logistics or transport contract, including due date, payment method, and any discount...

Learn more