[{"data":1,"prerenderedAt":503},["ShallowReactive",2],{"document-pre-authorized-payment_specific-amount-D289":3},{"document":4,"label":24,"preview":11,"thumb":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":36,"customDescModule":155,"customdescription":6,"mdFm":156,"mdProseHtml":502},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":23},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: PRE-AUTHORIZED PAYMENT, SPECIFIC AMOUNT Dear [Contact name], This letter is to acknowledge that [COMPANY/INDIVIDUAL] is hereby authorized to withdraw the amount of [AMOUNT OF PERIODIC DEBIT] on a [PERIOD OF PAYMENT] basis on the [BILLING DATE] of each month, until we decide to cancel your services in respect to the terms and conditions we both agreed on",null,"Pre-Authorized Payment_Specific Amount","1",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/pre-authorized-payment_specific-amount-D289.png","https://templates.business-in-a-box.com/imgs/250px/289.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#289.xml",{"title":15,"description":6},"pre-authorized payment_specific amount",[17,20],{"label":18,"url":19},"Finance & Accounting","/templates/finance-accounting/",{"label":21,"url":22},"Business Banking","/templates/business-banking/","pre authorized payment_specific amount","Pre-Authorized Payment_Specific Amount Template","https://templates.business-in-a-box.com/imgs/400px/289.png",[27,17,20],{"label":28,"url":29},"Templates","/templates/",[31,32,33],{"label":28,"url":29},{"label":18,"url":19},{"label":34,"url":35},"Payments & Treasury","/templates/payments-and-treasury/",[37,41,45,49,53,57,61,65,69,84,98,114,127,142],{"label":38,"url":39,"thumb":40,"extension":10},"Pre-Authorized Payment","/template/pre-authorized-payment-D288","https://templates.business-in-a-box.com/imgs/250px/288.png",{"label":42,"url":43,"thumb":44,"extension":10},"Checklist Pre-Layoff","/template/checklist-pre-layoff-D505","https://templates.business-in-a-box.com/imgs/250px/505.png",{"label":46,"url":47,"thumb":48,"extension":10},"Checklist Pre-Employment","/template/checklist-pre-employment-D567","https://templates.business-in-a-box.com/imgs/250px/567.png",{"label":50,"url":51,"thumb":52,"extension":10},"Pre-Interview Questionnaire","/template/pre-interview-questionnaire-D585","https://templates.business-in-a-box.com/imgs/250px/585.png",{"label":54,"url":55,"thumb":56,"extension":10},"Pre-Incorporation Agreement","/template/pre-incorporation-agreement-D1013","https://templates.business-in-a-box.com/imgs/250px/1013.png",{"label":58,"url":59,"thumb":60,"extension":10},"Assignment of Pre-Employment Works","/template/assignment-of-pre-employment-works-D529","https://templates.business-in-a-box.com/imgs/250px/529.png",{"label":62,"url":63,"thumb":64,"extension":10},"Checklist Pre-Incorporation Agreement","/template/checklist-pre-incorporation-agreement-D1006","https://templates.business-in-a-box.com/imgs/250px/1006.png",{"label":66,"url":67,"thumb":68,"extension":10},"Pre-Incorporation Designation of Directors","/template/pre-incorporation-designation-of-directors-D1014","https://templates.business-in-a-box.com/imgs/250px/1014.png",{"description":70,"descriptionCustom":6,"label":71,"pages":72,"size":73,"extension":10,"preview":74,"thumb":75,"svgFrame":76,"seoMetadata":77,"parents":78,"keywords":82,"url":83},"MANAGEMENT AGREEMENT This Management Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Manager\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Company is in the business of operating a [SPECIFY] (the \"Business\"); WHEREAS the Manager has knowledge and expertise in the area of establishing, developing, operating and managing [SPECIFY BUSINESS TYPE], as well as in the area of the management of enterprises carrying on activities similar to those of the Company; WHEREAS the Company considers that the Manager's expertise will enable the Company to successfully and profitably operate its Business; WHEREAS the Manager has represented to the Company that it shall, during the term of this Management Agreement, be primarily responsible for the performance of the services to be provided hereunder; WHEREAS the Company wishes to engage the Manager to manage the Business on the terms and conditions set out below, and the Manager is prepared to enter into the present Management Agreement with the Company. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: 1. ENGAGEMENT 1.1 The Company hereby engages the Manager to provide expertise in the operation of the Business and such management services as may, from time to time, be requested by the Company. Such services shall be provided by the Manager and through such other agents and supervisors employed by the Manager as may be named by the Manager. 2. TERMS AND RENEWAL 2.1 The terms of the present Management Agreement shall run for [NUMBER] ([NUMBER]) months from the date of the opening for business of the Business, unless sooner terminated or subsequently continued in accordance with the terms and conditions of the present Management Agreement. 2.2 The Company may, at its option, renew the present Management Agreement for an additional period of [NUMBER] ([NUMBER]) months, provided that at the end of the initial term: 2.2.1 the Company has given the Manager written notice of such election to renew not less than [NUMBER] ([NUMBER]) months and not more than [NUMBER] ([NUMBER]) months prior to the expiry of the initial term; 2.2.2 the Company has satisfied all monetary obligations owed by it to the Manager, and has timely met such obligations throughout the term of the present Management Agreement; 2.2.3 the Company shall execute not less than [NUMBER] ([NUMBER]) months prior to renewal the Manager's then-current form of Management Agreement, which Agreement shall supersede in all respects the present Management Agreement, and the terms of which may differ from the terms of the present Management Agreement, including, without limitation, a revised Management Fee; and 2.2.4 the Company shall execute a general release, in a form prescribed by the Manager, of any and all claims against the Manager and its subsidiaries and affiliates, if any, and in respect of their respective officers, directors, agents and employees. 3. FEES AND PAYMENTS 3.1 The Company shall pay to the Manager during the terms of this Management Agreement a fee for its management services in an amount equal to [PERCENTAGE %] percent ([PERCENTAGE %]) of the Gross Sales at the Business (the \"Management Fee\"), which Management Fee shall be payable monthly in arrears. The term \"Gross Sales\" as used herein shall include the aggregate of the total amount of all sales, receipts, receivables, sales of merchandise made or services rendered in, at, on, or from the Business, and sales wherever made of food, beverage and products stored on the Business's premises, including catering on and off the Business's premises, or any other business conducted from the Business, whether made by the Company or any assignee, successor or sub-lessee, and whether made on a cash basis, or by check, or on credit, paid or unpaid, collected or uncollected, including deposits not refunded to customers, and the amount of any orders received at or solicited from the Business although such orders may be filled elsewhere, in the same manner and with the same effect as if such sales or services have been made or performed on the Business premises. Each charge or sale upon credit shall be treated as a sale for the full price in the week during which such charge or sale shall be made, irrespective of the time when the Company shall receive payment, either full or partial, therefor. Any installation fee, continuing rental, or percentage sales or any other revenue received by the Franchisee from vending and other machines and public telephone permitted to be installed on the Business's premises under Paragraph 5.6 hereof shall form part of Gross Sales. 3.4 The term \"Gross Sales\" as used herein shall not, however, include, or there shall be deducted therefrom, as the case may be the following amounts: the amount of all sales for which cash has been refunded, but only to the extent of such refund, provided that the amount of such sales shall have previously been included in Gross Sales; the amount of any gratuities to employees; the amount of any sales, retail, excise, or similar tax imposed by any federal, provincial, municipal or other governmental authority directly on sales or services and added to the price thereof, where such amounts have been collected from the customer at the point of sale by the Company acting as agent for such authority and actually in turn paid by the Company to such governmental authority; the amount of any promotional discounts approved by the Franchisor, including, without limitation, coupon redemptions and other sales of food pursuant to promotional programs which have been approved in writing by the Franchisor prior to implementation; meals served to employees of the Company and consumed on the Business's premises, provided an accurate list of such meals consumed is reported on the weekly report required by Paragraph 4.3 hereinabove. 3.5 The Manager shall be reimbursed for all travelling and other expenses actually and properly incurred by it in connection with its duties hereunder. The Manager shall furnish statements and vouchers to the Company in respect of all such expenses for which reimbursement is claimed. 3.6 All monthly payments required by this Article 3 must be paid by check drawn to the order of the Manager and received by the Manager at its address designated in sub-paragraph 9.1.1 hereof, by [HOUR] o'clock in the afternoon ([HOUR] a.m/p.m.) on the [DAY] immediately following the close of each monthly period, accompanied by a written report detailing the calculations of the Company's Gross Sales at the Business for each such monthly period. If any payment is overdue, the Company shall pay to the Manager, in addition to the overdue amount, interest on such amount from the date it was due until the date of payment, at the rate of [PERCENTAGE %] percent ([PERCENTAGE %]) per annum, and entitlement to such interest shall be in addition to any other remedies which the Manager may have. 4. AUTHORITY, POWER, OBLIGATIONS AND RESPONSIBILITIES OF THE MANAGER 4.1 The Manager shall have full power and authority to manage the Business on behalf of the Company during the terms of the present Management Agreement. 4.2 For greater certainty, the Manager's authority, powers, duties and responsibilities hereunder towards the Company shall include: 4.2.1 the recruitment, employment, and dismissal of all employees of the Company working in the Business; 4.2","Management Agreement","6",63,"https://templates.business-in-a-box.com/imgs/1000px/management-agreement-D163.png","https://templates.business-in-a-box.com/imgs/250px/163.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#163.xml",{"title":6,"description":6},[79],{"label":80,"url":81},"Consultant & Contractors","consulting-contractor-business","loan agreement","/template/loan-agreement-D163",{"description":85,"descriptionCustom":6,"label":86,"pages":72,"size":9,"extension":10,"preview":87,"thumb":88,"svgFrame":89,"seoMetadata":90,"parents":92,"keywords":91,"url":97},"SERVICE AGREEMENT This SERVICE AGREEMENT (\"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Contractor\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Customer\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] (The Contractor and the Customer shall be individually referred to as a \"Party\" and collectively referred to as the \"Parties\", as the context may require). WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":91,"description":6},"service agreement",[93,96],{"label":94,"url":95},"Legal Agreements","business-legal-agreements",{"label":94,"url":95},"/template/service-agreement-D12711",{"description":99,"descriptionCustom":6,"label":100,"pages":101,"size":9,"extension":10,"preview":102,"thumb":103,"svgFrame":104,"seoMetadata":105,"parents":107,"keywords":106,"url":113},"SUBSCRIPTION AGREEMENT This Stock Subscription Agreement (the \"Agreement\") is made and effective [DATE] BETWEEN: [INSERT COMPANY NAME], a [INSERT STATE OF INCORPORATION], corporation [the \"COMPANY\"]. AND: The undersigned a [INSERT STATE OF INCORPORATION], corporation [the \"INVESTOR\"]. SUBSCRIPTION. Subject to the terms and conditions hereof, the Investor hereby subscribes to purchase that number of shares of common stock, par value [$____] per share, of the Company (the \"Common Stock\") set forth on the signature page of this Agreement at a purchase price of $____ per share (\"Purchase Price\"). Payment for the Common Stock shall be made in cash or by certified bank or cashier's check payable in immediately available funds in the amount of the Purchase Price made payable to the order of the Company and such payment shall be delivered on or prior to the execution and delivery of this Agreement. TERMS OF SUBSCRIPTION The Investor acknowledges and agrees that this Agreement is made subject to the following terms and conditions: The Investor hereby intends that his signature hereon shall constitute a subscription to the Company for the number of shares of Common Stock specified on the signature page of this Agreement. This subscription for the purchase of Common Stock is subject to acceptance by the Company and does not, prior to acceptance, bind the Company to sell the shares of Common Stock to the Investor. The Company shall have the right to accept or reject this subscription, in whole or in part, in its sole and absolute discretion for any reason. This subscription is and shall be irrevocable unless and until (i) this subscription is for any reason rejected, or (ii) this Agreement is terminated. REPRESENTATIONS, WARRANTIES, AND COVENANTS OF INVESTOR The Investor hereby represents, warrants, and covenants to the Company that: The Investor acknowledges that the Investor has been advised and understands that the Common Stock to be acquired pursuant to this Agreement have not been registered under the Securities Act of 1933, as amended (the \"Securities Act\"), or registered or qualified under the securities laws of any other jurisdiction and are being sold in reliance upon an exemption from registration under such laws. Accordingly, the Investor understands that the Investor may not sell, pledge, hypothecate, dispose of, or otherwise transfer (a \"Transfer\") the Common Stock unless such shares are subsequently registered and qualified under such laws or, in the opinion of counsel reasonably satisfactory to the Company, an exemption from such registration and qualification is available. The Investor further understands that (i) the Stockholders' Agreement, dated ____, 20___, by and among the Company and the shareholders identified therein (the \"Stockholders s Agreement\") contains certain restrictions on any Transfer of the Common Stock, and (ii) any Transfer that is permitted under the Stockholders Agreement must satisfy certain legal, procedural and other requirements. The Investor is the sole and true party in interest, and is acquiring the Common Stock solely for his or her own account, not as a nominee, agent, or representative for any person, for investment purposes only, and not with an intent or a view to the sale or distribution of any part thereof within the meaning of Section 2(a)(11) of the Securities Act. By executing this Agreement, the Investor further represents that he or she does not have any present intent of making a Transfer of, granting a participation in, or otherwise distributing the Common Stock in a manner contrary to the Securities Act or the securities laws of any other applicable jurisdictions, nor does the Investor have any contract, undertaking, agreement, or arrangement with any person to Transfer, grant any participation in, or otherwise distribute any of the Common Stock to such person. The Investor does not presently have any reason to anticipate any change in circumstances or other particular occasion or event which would cause the Investor to need to sell the Common Stock, except in compliance with the terms of this Agreement, the Stockholders Agreement, and the securities laws of all applicable jurisdictions. The Investor understands and acknowledges that only the Company can register the Common Stock under applicable securities laws; the Company does not intend to register the Common Stock under the Securities Act or the securities laws of any other jurisdiction; no public market for the Common Stock is expected to develop; and, as a result, an investment in the Common Stock may not be liquid and the Investor must bear the economic risk of the investment indefinitely. In this regard, the Investor further represents that the Investor has adequate means of providing for the Investor's current needs and possible personal contingencies; the Investor can afford to bear the economic risk of holding the Common Stock for an indefinite period of time; and the Investor has no need for liquidity in the Investor's investment in the Common Stock. The Investor has the net worth sufficient to bear the risks of and to sustain a complete loss of the Investor's entire investment in the Company. The Investor hereby agrees that it will not, directly or indirectly, offer to Transfer or to Transfer any shares of Common Stock (or solicit any offers to buy, purchase, or otherwise acquire or take a pledge of any shares of Common Stock), except in compliance with this Agreement and the Securities Act, the securities laws of all other applicable jurisdictions, and the rules and regulations promulgated thereunder. The Investor recognizes that in the future the Company may not satisfy the requirements which would permit the undersigned to sell the Common Stock pursuant to Rule 144 promulgated under the Securities Act. The Investor further acknowledges that it has, alone or together with its purchaser representative (\"Purchaser Representative\"), sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks of the prospective investment in the Common Stock. The Investor recognizes that an investment in the Common Stock and in the Company involves certain risks, and the Investor has taken full cognizance of, understands, and is willing to bear the risks related to the purchase of the Common Stock [including, without limitation, those risk factors set forth in Attachment A to this Agreement, which Attachment A is incorporated herein by reference]. The Investor is aware and understands that no federal or state agency has made any finding or determination as to the fairness of this offering nor has made any recommendation or endorsement of the Common Stock. The Investor represents and confirms that the address set forth on the signature page is the Investor's true and correct residence, and that the Investor has no present intention of becoming a resident of any other state or jurisdiction. The social security number set forth on the signature page hereof is the Investor's true and correct social security number. The Investor confirms that prior to the sale of the Common Stock to the Investor pursuant to this Agreement, the Investor and the Investor's Purchaser Representative, if any: (i) has been given access to all material books and records of the Company and all material contracts and documents relating to the sale of the Common Stock pursuant to this Agreement; (ii) has been granted the opportunity to ask questions of, and receive answers from, representatives of the Company concerning the Company and the terms and conditions of the sale of the Common Stock by the Company; and (iii) has been given the opportunity to obtain any additional information which the Investor or the Investor's Purchaser Representative, if any, deems necessary to verify the accuracy of the information supplied to them","Subscription Agreement","9","https://templates.business-in-a-box.com/imgs/1000px/subscription-agreement-D12537.png","https://templates.business-in-a-box.com/imgs/250px/12537.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12537.xml",{"title":106,"description":6},"subscription agreement",[108,110],{"label":18,"url":109},"finance-accounting",{"label":111,"url":112},"Buy & Sell Shares","buy-sell-shares","/template/subscription-agreement-D12537",{"description":115,"descriptionCustom":6,"label":116,"pages":117,"size":9,"extension":10,"preview":118,"thumb":119,"svgFrame":120,"seoMetadata":121,"parents":123,"keywords":122,"url":126},"MEMBERSHIP AGREEMENT OF [LLC NAME] This Membership Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [MEMBER NAME] (the \"Member\"), an individual/entity with its principal place of residence/business located at: [COMPLETE ADDRESS] WHEREAS, the LLC is a limited liability company duly organized under the laws of the [State/Province] of [STATE/PROVINCE]; WHEREAS, the Member desires to become a member of the LLC and agrees to be bound by the terms and conditions set forth in this Agreement; NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the Parties hereto agree as follows: ADMISSION OF MEMBER Membership Interest: The LLC hereby admits the Member as a member of the LLC with a [NUMBER]% membership interest, effective as of the date of this Agreement. Capital Contribution: The Member agrees to contribute the sum of [AMOUNT] as an initial capital contribution to the LLC, which shall be paid on or before [DATE]. Additional Contributions: The Member shall not be required to make any additional capital contributions unless otherwise agreed upon in writing by the Member and the LLC. RIGHTS AND DUTIES OF MEMBER 2.1 Voting Rights: The Member shall have voting rights proportional to their membership interest in the LLC. The voting rights and procedures shall be governed by the LLC's Operating Agreement. 2.2 Management of LLC: The management of the LLC shall be vested in [MANAGERS/MEMBERS] as provided in the LLC's Operating Agreement. The Member shall have the right to participate in the management of the LLC in accordance with the terms of the Operating Agreement. 2.3 Distributions: The Member shall be entitled to receive distributions from the LLC as determined by the LLC's Operating Agreement and in proportion to their membership interest. 2.4 Transfer of Interest: The Member may transfer their membership interest in the LLC only in accordance with the terms set forth in the LLC's Operating Agreement and subject to the approval of the other members, if applicable. REPRESENTATIONS AND WARRANTIES 3.1 Authority: The Member represents and warrants that they have the legal capacity and authority to enter into this Agreement and to perform their obligations hereunder. 3.2 Compliance with Laws: The Member agrees to comply with all applicable federal, state, and local laws and regulations in connection with their membership in the LLC. INDEMNIFICATION 4","LLC Membership Agreement","4","https://templates.business-in-a-box.com/imgs/1000px/llc-membership-agreement-D14005.png","https://templates.business-in-a-box.com/imgs/250px/14005.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#14005.xml",{"title":122,"description":6},"llc membership agreement",[124,125],{"label":94,"url":95},{"label":94,"url":95},"/template/llc-membership-agreement-D14005",{"description":128,"descriptionCustom":6,"label":129,"pages":8,"size":130,"extension":10,"preview":131,"thumb":132,"svgFrame":133,"seoMetadata":134,"parents":135,"keywords":140,"url":141},"Invoice Company: Complete Address: ______________________________________________________ Phone:_________________ Fax: ________________ Email: _____________________ INVOICE #: _____________ DATE: ________________ Bill to: Address: _______________________________________ City: __________________________________________ State/Province: ___________ Zip/postal code__________ Country: ________________ Phone: _________________ Fax: __________________ Email: _________________________________________ Ship To:","Commercial Sales Invoice",42,"https://templates.business-in-a-box.com/imgs/1000px/sales-invoice-D383.png","https://templates.business-in-a-box.com/imgs/250px/383.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#383.xml",{"title":6,"description":6},[136,137],{"label":18,"url":109},{"label":138,"url":139},"Invoices & Receipts","invoice-receipt","sales invoice","/template/sales-invoice-D383",{"description":143,"descriptionCustom":6,"label":144,"pages":145,"size":9,"extension":10,"preview":146,"thumb":147,"svgFrame":148,"seoMetadata":149,"parents":151,"keywords":150,"url":154},"EXCLUSIVE LEASE AGREEMENT This is an Exclusive Lease Agreement (the \"Agreement\") effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Lessor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [LESSEE NAME] (the \"Lessee\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] TERMS It is agreed that: Lessor does hereby agree to grant, demise and let and Lessee does hereby agree to take premises situated in [CITY, STATE/PROVINCE] at [ADDRESS] and described as [DESCRIBE] with appurtenances, from Start Date [DATE] to Ending Date [DATE], at the rent or sum of [AMOUNT], to be paid as follows: [ENTER LEASE TERMS] The parties here shall execute the lease herein provided for on [DATE]. The Lessor shall [Enter any utilities and/or maintenance paid by Lessor]. ","Exclusive Lease Agreement","2","https://templates.business-in-a-box.com/imgs/1000px/exclusive-lease-agreement-D12808.png","https://templates.business-in-a-box.com/imgs/250px/12808.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12808.xml",{"title":150,"description":6},"exclusive lease agreement",[152,153],{"label":94,"url":95},{"label":94,"url":95},"/template/exclusive-lease-agreement-D12808",false,{"seo":157,"reviewer":170,"legal_disclaimer":174,"quick_facts":175,"at_a_glance":177,"personas":181,"variants":206,"glossary":235,"clauses":269,"how_to_fill":320,"common_mistakes":361,"faqs":386,"industries":414,"comparisons":431,"diy_vs_lawyer":444,"jurisdictions":457,"related_template_ids_curated":478,"schema":490,"classification":491},{"meta_title":158,"meta_description":159,"primary_keyword":160,"secondary_keywords":161},"Pre Authorized Payment Specific Amount Template | BIB","Free pre-authorized payment (specific amount) template. Authorizes recurring fixed-amount debits from a customer's bank account.","pre authorized payment agreement template",[162,163,164,165,166,167,168,169],"pre authorized debit agreement template","pad agreement template","pre authorized payment form","recurring payment authorization template","direct debit authorization template","pre authorized payment template word","fixed amount debit authorization form","ach authorization agreement template",{"name":171,"credential":172,"reviewed_date":173},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":176,"legal_review_recommended":174,"signature_required":174,"notarization_required":155},"medium",{"what_it_is":178,"when_you_need_it":179,"whats_inside":180},"A Pre Authorized Payment (Specific Amount) agreement is a legally binding authorization a payee obtains from a payer allowing the payee to withdraw a fixed, predetermined dollar amount from the payer's bank account on a recurring schedule. This free Word download gives you a ready-to-edit template you can customize with your payment amounts, frequency, and banking details, then export as PDF for signature before the first debit runs.\n","Use it whenever you need to collect a fixed recurring payment from a customer, tenant, member, or client — such as monthly subscription fees, loan repayments, membership dues, or lease payments — without requiring manual action from the payer each cycle.\n","Payer and payee identification, bank account and routing details, the specific authorized debit amount, payment frequency and start date, cancellation rights, dispute and reimbursement provisions, and governing financial institution rules.\n",[182,186,190,194,198,202],{"title":183,"use_case":184,"icon_asset_id":185},"Subscription business owners","Collecting fixed monthly SaaS or service fees without manual invoicing","persona-small-business-owner",{"title":187,"use_case":188,"icon_asset_id":189},"Property managers and landlords","Automating fixed monthly rent collection from residential or commercial tenants","persona-property-manager",{"title":191,"use_case":192,"icon_asset_id":193},"Gym and fitness club operators","Authorizing fixed monthly membership dues directly from members' accounts","persona-gym-operator",{"title":195,"use_case":196,"icon_asset_id":197},"Lenders and financing companies","Setting up automatic fixed-installment loan repayments from borrowers","persona-lender",{"title":199,"use_case":200,"icon_asset_id":201},"Nonprofit organizations","Securing fixed recurring donations from supporters on a monthly or annual basis","persona-nonprofit-exec",{"title":203,"use_case":204,"icon_asset_id":205},"Utility and service providers","Automating fixed-rate billing cycles for contracted service agreements","persona-service-provider",[207,211,215,219,223,227,231],{"situation":208,"recommended_template":209,"slug":210},"Collecting a fixed amount on a predictable recurring schedule","Pre Authorized Payment — Specific Amount","pre-authorized-payment_specific-amount-D289",{"situation":212,"recommended_template":213,"slug":214},"Collecting a variable amount that changes each billing cycle","Pre Authorized Payment — Variable Amount","",{"situation":216,"recommended_template":217,"slug":218},"Processing ACH debits for US-based business payments","ACH Authorization Agreement","information-release-authorization-D549",{"situation":220,"recommended_template":221,"slug":222},"Authorizing a one-time bank debit for a single transaction","One-Time Pre Authorized Debit Form","pre-authorized-payment-D288",{"situation":224,"recommended_template":225,"slug":226},"Setting up direct debit for UK bank account payments","Direct Debit Mandate","debit-memo-D202",{"situation":228,"recommended_template":229,"slug":230},"Automating credit card charges on a recurring billing cycle","Recurring Credit Card Authorization Form","credit-card-billing-authorization-form-D256",{"situation":232,"recommended_template":233,"slug":234},"Documenting the full credit or lending relationship alongside the payment authorization","Loan Agreement","loan-agreement-D163",[236,239,242,245,248,251,254,257,260,263,266],{"term":237,"definition":238},"Pre Authorized Debit (PAD)","A payment arrangement where the payee is authorized in writing to withdraw funds directly from the payer's bank account on an agreed schedule.",{"term":240,"definition":241},"Payee","The business or individual receiving the authorized payment — typically the merchant, lender, or service provider.",{"term":243,"definition":244},"Payer","The account holder who signs the authorization and whose bank account is debited on the scheduled dates.",{"term":246,"definition":247},"ACH (Automated Clearing House)","The US electronic network that processes direct debits and credit transfers between bank accounts, governed by Nacha operating rules.",{"term":249,"definition":250},"SEPA Direct Debit","The EU-wide payment scheme enabling euro-denominated direct debits across participating member states under standardized rules.",{"term":252,"definition":253},"Revocation","The payer's right to cancel a pre-authorized payment authorization, typically by providing written notice to the payee within a specified notice period.",{"term":255,"definition":256},"NSF (Non-Sufficient Funds)","A returned debit that occurs when the payer's account does not hold enough funds to cover the authorized withdrawal on the processing date.",{"term":258,"definition":259},"Reimbursement Right","A payer's entitlement to recover funds debited in error or without valid authorization, as protected under banking rules in most jurisdictions.",{"term":261,"definition":262},"Nacha","The organization that governs ACH network rules in the United States, setting standards for authorization, processing, and dispute resolution.",{"term":264,"definition":265},"Pre-notification","An advance notice sent by the payee to the payer before the first debit runs, confirming the amount and scheduled date — required under certain banking rules.",{"term":267,"definition":268},"Mandate","The formal authorization document — equivalent to a PAD agreement — used under the SEPA and UK Direct Debit schemes.",[270,275,280,285,290,295,300,305,310,315],{"name":271,"plain_english":272,"sample_language":273,"common_mistake":274},"Parties and account identification","Identifies the payee (the business collecting payment) and the payer (the account holder), along with the payer's bank name, account number, and routing or transit number.","I, [PAYER FULL NAME], of [PAYER ADDRESS], authorize [PAYEE BUSINESS NAME] ('Payee') to debit my account at [BANK NAME], account number [ACCOUNT NUMBER], transit/routing number [ROUTING NUMBER], for the amounts set out below.","Collecting only the last four digits of the account number for privacy — the full account and routing numbers are required for the bank to process the debit, and the authorization is unenforceable without them.",{"name":276,"plain_english":277,"sample_language":278,"common_mistake":279},"Authorized debit amount","States the exact fixed dollar amount the payee is authorized to withdraw each cycle — the defining feature of a specific-amount PAD over a variable-amount authorization.","Payee is authorized to debit my account in the fixed amount of $[AMOUNT] ([AMOUNT IN WORDS] dollars) per [PAYMENT FREQUENCY].","Writing 'up to $[X]' instead of a single fixed figure. This converts a specific-amount authorization into a variable-amount one, which requires different disclosure language and a distinct form under most banking rules.",{"name":281,"plain_english":282,"sample_language":283,"common_mistake":284},"Payment frequency and start date","Defines how often debits occur (weekly, bi-weekly, monthly, annually) and the date on which the first debit will be processed.","Debits shall occur on the [DAY] of each [MONTH / WEEK], commencing [START DATE], and continuing until this authorization is cancelled in accordance with the terms below.","Stating only the frequency without a specific start date. An ambiguous start date creates disputes over when the authorization became effective and whether initial debits were properly authorized.",{"name":286,"plain_english":287,"sample_language":288,"common_mistake":289},"Purpose of payment","Describes the goods, services, or obligation the recurring payment relates to, linking the authorization to the underlying commercial or contractual relationship.","These debits are for [DESCRIPTION OF GOODS OR SERVICES — e.g., monthly membership fees under the Membership Agreement dated [DATE]] between Payee and Payer.","Leaving the purpose field blank or writing 'services.' Regulators and dispute arbitrators use the purpose clause to verify the authorization was given in a specific commercial context — a blank field weakens the payee's position in a reimbursement claim.",{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Duration and termination","States whether the authorization runs for a fixed number of payments or indefinitely, and sets out the conditions under which it automatically terminates.","This authorization shall remain in effect until: (a) [NUMBER] payments have been processed; or (b) the underlying agreement between the parties is terminated; or (c) Payer provides written notice of cancellation in accordance with Clause [X].","Omitting an automatic termination trigger tied to the underlying contract. If the service agreement ends but the PAD continues, the payee risks processing unauthorized debits and liability for reimbursement plus fees.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Cancellation and revocation rights","Sets out the payer's right to cancel the authorization, the required notice period, and the method of delivery for the cancellation notice.","Payer may cancel this authorization at any time by providing written notice to Payee at [PAYEE ADDRESS / EMAIL] at least [30] days before the next scheduled debit date. Cancellation of this authorization does not relieve Payer of any payment obligations under the underlying agreement.","Requiring more than 30 days' cancellation notice. Most banking rules — including Nacha in the US and Payments Canada rules for PADs — cap the permissible notice requirement, and an overly long notice period can be deemed unenforceable.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Dispute and reimbursement procedure","Explains how the payer can dispute an unauthorized or erroneous debit, the timeframe for raising a dispute, and the process for obtaining a reimbursement.","Payer has the right to dispute any debit that was not authorized or that did not comply with this authorization by contacting Payee at [CONTACT DETAILS] within [90] days of the debit date. Questions regarding the right to reimbursement should be directed to Payer's financial institution.","Omitting the dispute and reimbursement clause entirely. Banking networks require payees to include this language; its absence can cause the entire authorization to fail compliance review at the payer's bank.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Waiver of pre-notification","A clause by which the payer waives their right to receive advance notice before each recurring debit, streamlining processing for predictable fixed-amount payments.","Payer waives the right to receive pre-notification of each debit and acknowledges that no further notice will be provided prior to each scheduled withdrawal of the fixed amount stated above.","Including a pre-notification waiver for variable-amount authorizations. The waiver is appropriate only for truly fixed amounts — if the amount can change, pre-notification is required under most banking scheme rules and the waiver is invalid.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Returned payment and NSF fees","States what happens if a debit is returned due to insufficient funds, including any NSF fee the payer agrees to pay and the payee's right to re-present the item.","If a debit is returned due to non-sufficient funds, Payer authorizes Payee to re-present the debit once within [5] business days and agrees to pay a returned-item fee of $[FEE AMOUNT], in addition to any fee charged by Payer's financial institution.","Authorizing unlimited re-presentment without a cap. Nacha rules limit ACH re-presentment to two additional attempts after the original; exceeding that limit without proper authorization exposes the payee to rule violations and fines.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Governing law and banking scheme rules","Specifies the jurisdiction whose laws govern the agreement and acknowledges that applicable banking network rules — Nacha, Payments Canada, SEPA, Bacs — take precedence over conflicting contract terms.","This authorization is governed by the laws of [STATE / PROVINCE / COUNTRY] and is subject to the rules of [APPLICABLE BANKING SCHEME — e.g., Nacha ACH Operating Rules / Payments Canada Rule H1]. In the event of conflict, the applicable banking scheme rules shall prevail.","Omitting the banking scheme reference and relying solely on contract law. PAD and ACH authorizations operate within a layered regulatory framework; a governing law clause alone does not satisfy the compliance requirements of the payment network.",[321,326,331,336,341,346,351,356],{"step":322,"title":323,"description":324,"tip":325},1,"Identify both parties and their roles","Enter the payee's full legal business name and contact details, and the payer's full legal name and current address. Confirm that the payer is the actual account holder — not a third party — before proceeding.","If the payer is a business rather than an individual, identify the authorized signatory by name and title to ensure the authorization is binding on the entity.",{"step":327,"title":328,"description":329,"tip":330},2,"Record the complete bank account details","Enter the payer's bank name, full account number, and routing or transit number exactly as they appear on a voided cheque or bank statement. Attach a voided cheque to the signed form as standard practice.","Ask the payer to attach a voided cheque to the signed authorization — it confirms all banking details match and significantly reduces failed-debit rates.",{"step":332,"title":333,"description":334,"tip":335},3,"State the fixed debit amount precisely","Enter the exact dollar and cent amount to be debited each cycle — written numerically and in words. Do not use ranges or 'up to' language; this must be a single fixed figure.","If the amount will ever change (e.g., annual price increases), use a variable-amount PAD form instead, or include an amendment clause requiring fresh written consent before the new amount takes effect.",{"step":337,"title":338,"description":339,"tip":340},4,"Set the frequency, start date, and number of payments","Specify the billing cycle (weekly, monthly, quarterly, or annually), the calendar date of the first debit, and either the total number of payments authorized or the condition that terminates the authorization.","Tie the authorization's end date to the underlying contract term — this prevents debits from continuing after the service or membership agreement lapses.",{"step":342,"title":343,"description":344,"tip":345},5,"Describe the purpose of the payments","Write a specific, plain-English description of what the recurring payment covers — for example, 'monthly gym membership fees under the Membership Agreement dated [DATE].' Reference the underlying agreement by name and date.","A specific purpose clause reduces successful chargeback claims: it gives the payer's bank clear evidence that the debit was tied to a known commercial obligation.",{"step":347,"title":348,"description":349,"tip":350},6,"Include the cancellation and dispute provisions","Confirm the cancellation notice period (typically 10–30 days before the next debit), the delivery method for cancellation notices, and the dispute window and contact details for the reimbursement procedure.","Match your cancellation notice requirement to the applicable banking scheme minimum — do not exceed 30 days for consumer payers, as most banking rules cap it there.",{"step":352,"title":353,"description":354,"tip":355},7,"Execute before the first debit date","Both parties should sign and date the authorization before the first scheduled debit is processed. Provide the payer with a copy of the signed authorization at the time of execution.","Retain a copy of the signed authorization — including the attached voided cheque — for the entire duration of the agreement plus at least 2 years after the last debit, to defend against reimbursement claims.",{"step":357,"title":358,"description":359,"tip":360},8,"Submit to your payment processor and file the original","Provide the completed authorization to your bank, payment processor, or ACH originator as required by their onboarding process. File the executed original in a secure, retrievable system.","Some processors require a digital copy of the signed authorization before activating the debit series — confirm your processor's specific submission requirements before the first billing date.",[362,366,370,374,378,382],{"mistake":363,"why_it_matters":364,"fix":365},"Using variable-amount language in a specific-amount form","Writing 'up to $[X]' or 'approximately $[X]' on a specific-amount authorization converts it into a variable-amount PAD, which requires different disclosure language and triggers additional pre-notification obligations under most banking rules.","State a single, exact dollar figure — both numerically and in words — and use a separate variable-amount authorization form if the payment amount will ever change.",{"mistake":367,"why_it_matters":368,"fix":369},"Failing to obtain the authorization before the first debit","Processing a debit before the signed authorization is in hand — or worse, before the payer has seen the terms — is an unauthorized transaction under Nacha, Payments Canada, and SEPA rules and exposes the payee to mandatory reimbursement plus potential network fines.","Execute the authorization and collect the voided cheque before scheduling the first debit with your payment processor.",{"mistake":371,"why_it_matters":372,"fix":373},"Omitting the dispute and reimbursement clause","Banking network rules require payees to inform payers of their reimbursement rights. An authorization that omits this clause may fail compliance review at the payer's bank and can be rejected by the payment processor.","Include a clear dispute and reimbursement clause directing the payer to contact the payee first and, if unresolved, their financial institution — and state the applicable dispute window (typically 90 days for unauthorized transactions).",{"mistake":375,"why_it_matters":376,"fix":377},"Not retaining a copy of the signed authorization","A payer who disputes a debit as unauthorized will win the reimbursement claim automatically if the payee cannot produce a signed authorization. Most banking schemes place the burden of proof on the payee.","Store the original signed authorization and the attached voided cheque for the full duration of the debit series plus at least two years after the final payment, in a secure and readily retrievable format.",{"mistake":379,"why_it_matters":380,"fix":381},"Setting a cancellation notice period longer than 30 days for consumers","Most banking scheme rules — including Payments Canada Rule H1 and Nacha consumer guidelines — cap the notice period a payee can require from a consumer payer. An overly long notice requirement may be deemed unenforceable.","Set the cancellation notice period at 10–30 days for consumer payers and confirm the specific minimum permitted by the banking scheme applicable to your jurisdiction.",{"mistake":383,"why_it_matters":384,"fix":385},"Authorizing unlimited re-presentment of returned debits","Nacha rules limit ACH re-presentment to two additional attempts after the original return. Exceeding this cap without a separate, specific written authorization from the payer constitutes a rule violation and can result in fines or processor suspension.","Cap re-presentment at two additional attempts in the returned-payment clause and include specific language authorizing those attempts — or obtain a separate written authorization for each re-presentment beyond the first.",[387,390,393,396,399,402,405,408,411],{"question":388,"answer":389},"What is a pre-authorized payment agreement?","A pre-authorized payment agreement is a written authorization signed by a bank account holder that permits a payee — such as a business, lender, or service provider — to withdraw funds directly from the account on a recurring schedule without requiring the payer's manual action each time. The specific-amount variant fixes the withdrawal at a set dollar figure per cycle, making it suitable for subscriptions, loan installments, memberships, and fixed-rate service contracts.\n",{"question":391,"answer":392},"What is the difference between a specific-amount and a variable-amount pre-authorized payment?","A specific-amount authorization fixes the debit at a single, stated dollar figure — for example, $149.00 per month — and typically allows the payer to waive pre-notification since the amount never changes. A variable-amount authorization permits the debit to fluctuate each cycle based on usage, consumption, or a formula, and generally requires the payee to notify the payer of the upcoming amount in advance. Using the wrong form for your billing model can invalidate the authorization under banking network rules.\n",{"question":394,"answer":395},"Is a pre-authorized payment agreement legally binding?","Yes — a properly executed pre-authorized payment agreement is generally enforceable as a contract between the payee and payer, subject to applicable banking scheme rules and consumer protection laws. The agreement must clearly state the authorized amount, frequency, and cancellation rights, and must be signed by the account holder (or an authorized representative for a business account) before the first debit is processed. Consider consulting a lawyer if the amounts are significant or the payer is located in a different jurisdiction.\n",{"question":397,"answer":398},"Can a payer cancel a pre-authorized payment?","Yes. Payers retain the right to cancel a pre-authorized payment authorization at any time under banking scheme rules in most jurisdictions. The cancellation typically requires written notice to the payee within a specified period — often 10 to 30 days — before the next scheduled debit. Cancelling the PAD does not automatically cancel any underlying payment obligation the payer owes under a separate service or credit agreement; those debts remain due by other means.\n",{"question":400,"answer":401},"What happens if a pre-authorized debit is returned for insufficient funds?","If the payer's account has insufficient funds on the debit date, the bank returns the item unpaid and both parties typically incur fees. Under Nacha ACH rules, the payee may re-present the debit up to two additional times. The PAD agreement should specify any NSF fee the payer agrees to pay and the number of re-presentment attempts permitted. Repeated NSF returns can result in the payment processor suspending the payee's debit privileges.\n",{"question":403,"answer":404},"Do I need to provide a copy of the authorization to the payer?","Yes. Most banking scheme rules — including Payments Canada Rule H1, Nacha consumer guidelines, and SEPA mandate requirements — require the payee to provide the payer with a copy of the signed authorization at the time of execution. Failing to do so can expose the payee to successful reimbursement claims even where the payer did sign the form.\n",{"question":406,"answer":407},"How long should I retain a signed pre-authorized payment authorization?","Best practice — and the requirement under most banking scheme rules — is to retain the signed original for the full duration of the recurring debit series plus at least two years after the final payment. For consumer-facing authorizations in Canada, Payments Canada rules require retention for a minimum of one year after the last PAD item. Retaining the voided cheque alongside the authorization is also standard practice as it corroborates the banking details.\n",{"question":409,"answer":410},"What is required for a pre-authorized payment authorization to be valid?","At minimum, a valid authorization must identify the payee and payer, state the exact bank account and routing details, specify the authorized amount and frequency, include a start date, describe the purpose of the payments, set out the payer's cancellation and reimbursement rights, and be signed by the account holder before the first debit. Many banking schemes — particularly in Canada and the EU — impose additional specific content requirements, so check the rules of the applicable payment network.\n",{"question":412,"answer":413},"Can I use this template for both personal and business bank accounts?","Yes, with modifications. For personal (consumer) accounts, enhanced disclosure and reimbursement rights apply under most banking scheme consumer protection rules. For business accounts, the signatory must be authorized to bind the business entity, and many banking networks apply a shorter dispute window (typically 10 business days rather than 90 days for consumers). Clearly identify whether the payer is an individual or a business entity in the authorization and tailor the notice periods accordingly.\n",[415,419,423,427],{"industry":416,"icon_asset_id":417,"specifics":418},"Financial Services and Lending","industry-fintech","Fixed installment loan repayments, mortgage payment collection, and credit facility drawdowns — where the payment schedule and amount are set at origination and do not vary.",{"industry":420,"icon_asset_id":421,"specifics":422},"Healthcare and Wellness","industry-healthtech","Monthly membership fees for gyms, physiotherapy clinics, and wellness programs where patients or members pay a fixed monthly rate for ongoing access to services.",{"industry":424,"icon_asset_id":425,"specifics":426},"Property Management and Real Estate","industry-real-estate","Fixed monthly rent collection from residential and commercial tenants, strata or HOA fee collection, and parking or storage unit payments with set rates.",{"industry":428,"icon_asset_id":429,"specifics":430},"Professional Services","industry-professional-services","Retainer fee collection from clients on monthly billing cycles, fixed-rate managed service provider fees, and accounting or legal subscription service payments.",[432,435,438,442],{"vs":213,"vs_template_id":433,"summary":434},"D{VARIABLE_PAD_ID}","A variable-amount pre-authorized payment authorization permits the debit to fluctuate each cycle based on usage, billing, or a formula — and generally requires pre-notification of each amount before it is processed. The specific-amount form is simpler, eliminates the pre-notification requirement, and is appropriate only where the debit is the same fixed dollar figure every cycle. Use the variable-amount form for utility bills, usage-based fees, or any service where the charge changes month to month.",{"vs":229,"vs_template_id":436,"summary":437},"D{CC_AUTH_ID}","A recurring credit card authorization charges a payer's credit card rather than debiting a bank account directly. Credit card authorizations are governed by card network rules (Visa, Mastercard) rather than ACH or banking scheme rules, and the dispute and chargeback process differs significantly. Bank account debits typically carry lower processing fees than credit card transactions; credit cards offer the payer stronger built-in dispute rights and are often preferred by consumers for discretionary purchases.",{"vs":439,"vs_template_id":440,"summary":441},"Direct Debit Mandate (UK/EU)","D{DD_MANDATE_ID}","A Direct Debit Mandate is the functional equivalent of a PAD agreement for UK and EU bank accounts, operating under the Bacs or SEPA Direct Debit schemes respectively. The substantive authorization content is similar, but the specific mandate format, indemnity scheme protections, and submission processes differ materially from North American PAD and ACH frameworks. Use the jurisdiction-specific form required by the applicable banking scheme — a North American PAD form is not interchangeable with a SEPA or Bacs mandate.",{"vs":233,"vs_template_id":234,"summary":443},"A Loan Agreement documents the principal, interest rate, repayment schedule, and terms of a lending relationship — it is the source of the borrower's payment obligation. A pre-authorized payment authorization is the operational mechanism that enables the lender to collect those payments automatically. The two documents work in tandem: the loan agreement creates the debt; the PAD authorizes the debit. Both are needed for an automated lending arrangement, and each is a distinct legal instrument.",{"use_template":445,"template_plus_review":449,"custom_drafted":453},{"best_for":446,"cost":447,"time":448},"Businesses collecting fixed recurring fees from consumers or commercial clients in a single domestic jurisdiction with standard payment amounts","Free","15 minutes per authorization",{"best_for":450,"cost":451,"time":452},"High-volume billing operations, authorizations for significant recurring amounts, or any cross-border debit arrangement","$200–$500 for a payment counsel or banking lawyer review","1–3 days",{"best_for":454,"cost":455,"time":456},"Financial institutions, regulated lenders, payment processors, or businesses processing PADs under multiple jurisdictions simultaneously","$1,000–$3,500+","1–2 weeks",[458,463,468,473],{"code":459,"name":460,"flag_asset_id":461,"note":462},"us","United States","flag-us","US pre-authorized bank debits are governed by Nacha ACH Operating Rules. Payees must obtain a written or electronic authorization before originating an ACH debit, retain it for two years after revocation, and provide the payer with a copy. Consumer authorizations carry a 60-day reimbursement window; business authorizations are typically 2 business days. The FTC's Restore Online Shoppers' Confidence Act (ROSCA) imposes additional requirements for recurring charges originating from online transactions.",{"code":464,"name":465,"flag_asset_id":466,"note":467},"ca","Canada","flag-ca","Canadian pre-authorized debits are governed by Payments Canada Rule H1, which sets out mandatory content requirements for PAD agreements including a specific statement of the payer's reimbursement rights. Consumer PADs carry a 90-day reimbursement right for unauthorized items and a 10-business-day right for items that do not comply with the authorization terms. Business PADs have a shortened reimbursement window of 10 business days. PAD agreements must be in French for Quebec-based consumers under the Consumer Protection Act.",{"code":469,"name":470,"flag_asset_id":471,"note":472},"uk","United Kingdom","flag-uk","UK direct debits operate under the Bacs Direct Debit Scheme, governed by the Direct Debit Guarantee. Businesses must be approved Bacs originators (or use a bureau sponsor) before collecting direct debits. The Direct Debit Guarantee gives payers an immediate refund right for any unauthorized or incorrect debit, with no time limit for claims. Businesses must provide advance notice of the first collection date and amount, and of any changes to amount or date thereafter. Post-Brexit, UK and EU SEPA direct debits are now separate schemes.",{"code":474,"name":475,"flag_asset_id":476,"note":477},"eu","European Union","flag-eu","EU recurring bank debits use the SEPA Direct Debit (SDD) Core or B2B scheme, operated under European Payments Council rules and implemented via the EU Payment Services Directive 2 (PSD2). Core SDD mandates give consumers an unconditional 8-week refund right and a 13-month right for unauthorized transactions. The B2B scheme (for business payers) waives the unconditional refund right but requires the debtor's bank to verify the mandate. Mandate management — including a unique mandate reference number — is required for all SDD transactions.",[234,479,480,481,482,483,484,485,486,487,488,489],"service-agreement-D12711","subscription-agreement-D12537","llc-membership-agreement-D14005","sales-invoice-D383","exclusive-lease-agreement-D12808","independent-contractor-agreement-D160","payment-plan-agreement-D12663","promissory-note-D434","business-credit-application-D247","non-disclosure-agreement-nda-D12692","website-terms-and-conditions-D13193",{"emit_how_to":174,"emit_defined_term":174},{"primary_folder":95,"secondary_folder":492,"document_type":493,"industry":494,"business_stage":495,"tags":496,"confidence":501},"payments-and-treasury","agreement","general","all-stages",[493,497,498,499,500],"pre-authorized-payment","payment-authorization","recurring-payment","banking",0.95,"\u003Ch2>What is a Pre Authorized Payment (Specific Amount) Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Pre Authorized Payment (Specific Amount) Agreement\u003C/strong> is a legally binding written authorization a payee obtains from a payer — the bank account holder — permitting the payee to withdraw a fixed, predetermined dollar amount directly from the payer's account on a recurring schedule, without requiring the payer's manual action each cycle. Unlike a variable-amount authorization, the specific-amount form locks the debit at a single stated figure per billing period, which typically allows the payee to waive pre-notification requirements and simplifies both the processing and the compliance obligations on each side. The agreement operates within a layered legal framework that includes the bilateral contract between the parties and the operating rules of the applicable banking scheme — Nacha in the United States, Payments Canada Rule H1 in Canada, Bacs in the United Kingdom, and SEPA Direct Debit in the European Union.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a signed pre-authorized payment authorization on file before the first debit runs, every withdrawal from the payer's account is technically unauthorized — and under Nacha, Payments Canada, Bacs, and SEPA rules, the payer's bank is entitled to reverse it and charge the amount back to the payee, often with fees. The burden of proof always sits with the payee: if you cannot produce a signed, compliant authorization when a payer disputes a charge, the reimbursement claim succeeds automatically regardless of whether the underlying payment obligation exists. Beyond dispute exposure, a properly drafted agreement reduces NSF rates by setting clear expectations around timing and amounts, provides an enforceable basis for NSF and re-presentment fees, and satisfies the compliance requirements your payment processor or bank will ask to see during onboarding. This template gives you a complete, banking-scheme-aware starting point that covers every required element — account identification, fixed amount, frequency, cancellation rights, and dispute procedure — so you can onboard recurring payers quickly and defend every debit you process.\u003C/p>\n",1778773564043]