[Date]
[Your Company Name]
[Address]
[City, State ZIP Code]
[Phone Number]
[Email]
[Client Name]
[Address]
[City, State ZIP Code]
[Phone Number]
[Email]
Dear [Client Name],
This payment agreement (the "Agreement") is made and entered into between [Your Company Name] ("Freelancer") and [Client Name] ("Client") effective as of [Date].
Payment Terms: Client agrees to pay Freelancer for the services described in the project agreement at the rate of [Rate] per hour. Payment is due [Payment Due Date] and should be made via [Payment Method]. The total project cost will be calculated based on the hours worked and expenses incurred.
Late Payment Fees: If payment is not made within [Number of Days] days of the due date, a late fee of [Late Fee Percentage]% will be applied to the outstanding balance.
Termination: Either party may terminate this Agreement at any time with written notice to the other party. In the event of termination, Freelancer will be paid for any work completed up to the date of termination.
Confidentiality: Freelancer will keep all confidential information of Client confidential and will not disclose it to any third party without Client's prior written consent.
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without giving effect to any choice of law or conflict of law provisions.
Please sign below to indicate your acceptance of this Agreement.
Sincerely,
[Your Name]
[Your Title]
[Client Signature] [Date]