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Non Refundable Payment Agreement
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1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Payment Terms: Details of payment amount, method, and timing
5. Non-Refundable Nature: Clear statement of non-refundable status and justification
6. Governing Law: Specification of Singapore law as governing law
1. Force Majeure: Addresses unforeseen circumstances that may affect the agreement - recommended for high-value transactions or long-term agreements
2. Confidentiality: Protection of sensitive information - include when sensitive business information is involved
3. Dispute Resolution: Specific procedures for resolving disputes - recommended for complex or high-value transactions
1. Payment Schedule: Detailed breakdown of payment terms if multiple payments involved
2. Service Description: Detailed description of services or goods being provided
3. Cancellation Policy: Detailed terms regarding cancellation and non-refundability
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