Payment Notice
/ˈpeɪmənt ˈnoʊtɪs/
Definitions
- (n.) A formal written statement issued to notify a party of a payment due, often detailing amounts, deadlines, and payer/payee information.
The contractor submitted a payment notice to the client specifying the amount owed for the completed work.
Forms
- payment notice
- payment notices
Related terms
See also
Commentary
In construction law and other commercial contexts, a payment notice serves as an official document triggering payment obligations; precise wording is critical to avoid disputes.
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.