Billing Arrangement
/ˈbɪlɪŋ əˌreɪndʒmənt/
Definitions
- (n.) An agreement detailing the method, schedule, and responsibilities for payment of fees or charges under a contract or service provision.
The contract specifies the billing arrangement to ensure timely payments.
Forms
- billing arrangement
- billing arrangements
Related terms
See also
Commentary
Billing arrangements often require clear specification to avoid disputes and ensure enforceability within commercial contracts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.