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Subject: [legalxml-econtracts] Basic Contract Structure - Terns
The basic set of terms in a contract are
1. ContractExecutionTerms
2. ContractPerformanceTerms
3.
ContractSettlementTerms
4. ContractDefaultTerms
Within these, we need to address individual terms, such as
1. DeliveryTerm
2. PaymentTerm
<LegalContract>
<ContractDate><gDate>2004-02-29</gDate></ContractDate>
<ContractExecutionTerms>
<!-- -->
<!-- deliveries
of goods in this section applies to all contract inducements
-->
<!--
-->
<DeliveryTerm.1>
<TermName><en/></TermName>
<TermTypeName><en/></TermTypeName>
<TermClause><en
idref=''/></TermClause>
<TermDescription><en/></TermDescription>
<TermFrequency><en/></TermFrequency>
<TermEffectiveDate><date/></TermEffectiveDate>
<TermTerminationDate><date/></TermTerminationDate>
<TermSource><en
idref=''/></TermSource>
<DeliveryName><en/></DeliveryName>
<DeliveryDescription><en/></DeliveryDescription>
<DeliveryDueDate><date/></DeliveryDueDate>
<DeliveryDueOrdinal><gDay/></DeliveryDueOrdinal>
<DeliveryGracePeriodOrdinal><gDay/></DeliveryGracePeriodOrdinal>
<DeliveredGoods.1>
<GoodsTypeName><en/></GoodsTypeName>
<GoodsName><en/></GoodsName>
<GoodsDescription><en/></GoodsDescription>
<GoodsUnitPrice><usd/></GoodsUnitPrice>
<GoodsQuantity><integer/></GoodsQuantity>
</DeliveredGoods.1>
<DeliveryMethodName><en/></DeliveryMethodName>
<DeliveryMailingAddress>
<Addressee><Name><en/></Name></Addressee>
<AddressLine.1><en/></AddressLine.1>
<CityName><en/></CityName>
<StatePostalCode><text/></StatePostalCode>
</DeliveryMailingAddress>
<DeliveryPhysicalAddress/>
<DeliveryContact>
<TelephoneNumber><text/></TelephoneNumber>
</DeliveryContact>
<Deliverer>
<Name><en/></Name>
<TelephoneNumber><text/></TelephoneNumber>
<BankAccountNumber><text/></BankAccountNumber>
<BankRoutingCode><text/></BankRoutingCode>
</Deliverer>
<Recipient><Name><en/></Name></Recipient>
</DeliveryTerm.1>
<!--
-->
<!-- pre-payments and deposit
monies are shown here (see PaymentTerm.1
below)-->
<!--
-->
</ContractExecutionTerms>
<ContractPerformanceTerms>
<!--
deliveries that initiate one or more payments (see DeliveryTerm.1 above)
-->
<!--
-->
<!-- this payment applies to
all previous deliveries of goods -->
<PaymentTerm.1>
<TermName><en/></TermName>
<TermTypeName><en/></TermTypeName>
<TermClause><en
idref=''/></TermClause>
<TermDescription><en/></TermDescription>
<TermFrequency><en/></TermFrequency>
<TermEffectiveDate><date/></TermEffectiveDate>
<TermTerminationDate><date/></TermTerminationDate>
<Payee>
<Name><en/></Name>
<TelephoneNumber><text/></TelephoneNumber>
<BankAccountNumber><text/></BankAccountNumber>
<BankRoutingCode><text/></BankRoutingCode>
</Payee>
<Payer>
<Name><en/></Name>
<LegalAddress/>
</Payer>
<PaymentMailingAddress>
<Addressee><Name><en/></Name></Addressee>
<AddressLine.1><en/></AddressLine.1>
<CityName><en/></CityName>
<StatePostalCode><text/></StatePostalCode>
</PaymentMailingAddress>
<PaymentPhysicalAddress/>
<PaymentContact>
<MailingAddress/>
<TelephoneNumber><text/></TelephoneNumber>
</PaymentContact>
<TotalPayment.1>
<PaymentName><en/></PaymentName>
<PaymentTypeName><en/></PaymentTypeName>
<PaymentDescription><en/></PaymentDescription>
<PaymentAmount><usd>X</usd></PaymentAmount>
<PaymentCalculation><mathml/></PaymentCalculation>
<PaymentFrequency><en>Monthly</en></PaymentFrequency>
<PaymentStartDate><date/></PaymentStartDate>
<PaymentEndDate><date/></PaymentEndDate>
<PaymentDueDay><gDay/></PaymentDueDay>
<PaymentGracePeriodOrdinal><gDay/></PaymentGracePeriodOrdinal>
<PaymentMethodName><en/></PaymentMethodName>
<AdjustmentStartDate><date/></AdjustmentStartDate>
<AdjustmentEndDate><date/></AdjustmentEndDate>
<AdjustmentFrequency><en/></AdjustmentFrequency>
<AdjustmentAmount><usd/></AdjustmentAmount>
<AdjustmentPercentage><pct/></AdjustmentPercentage>
<AdjustmentMethodTypeName><en/></AdjustmentMethodTypeName>
</TotalPayment.1>
<ItemizedPaymentAmounts>
<TotalPaymentAmount
idref=''/>
<PaymentCharge.1>
<ChargeName><en/></ChargeName>
<ChargeTypeName><en/></ChargeTypeName>
<ChargeDescription><en/></ChargeDescription>
<ChargeCalculation><mathml/></ChargeCalculation>
<ChargeAmount><usd/></ChargeAmount>
<ChargeFrequency><en>Monthly</en></ChargeFrequency>
<ChargeStartDate><date/></ChargeStartDate>
<ChargeEndDate><date/></ChargeEndDate>
<AdjustmentFrequency><iso>...</iso></AdjustmentFrequency>
<AdjustmentStartDate><date/></AdjustmentStartDate>
<AdjustmentEndDate><date/></AdjustmentEndDate>
<AdjustmentMethodTypeName><en/></AdjustmentMethodTypeName>
</PaymentCharge.1>
<PaymentEscalation.1>
<EscalationName><en/></EscalationName>
<EscalationTypeName><en/></EscalationTypeName>
<EscalationDescription><en/></EscalationDescription>
<EscalationCalculation><mathml/></EscalationCalculation>
<EscalationAmount><usd/></EscalationAmount>
<EscalationFrequency><en>Monthly</en></EscalationFrequency>
<EscalationStartDate><date/></EscalationStartDate>
<EscalationEndDate><date/></EscalationEndDate>
<AdjustmentStartDate><date/></AdjustmentStartDate>
<AdjustmentEndDate><date/></AdjustmentEndDate>
<AdjustmentFrequency><en/></AdjustmentFrequency>
<AdjustmentAmount><usd/></AdjustmentAmount>
<AdjustmentPercentage><pct/></AdjustmentPercentage>
<AdjustmentMethodTypeName><en/></AdjustmentMethodTypeName>
</PaymentEscalation.1>
<PaymentDiscount.1>
<DiscountName><en/></DiscountName>
<DiscountTypeName><en/></DiscountTypeName>
<DiscountDescription><en/></DiscountDescription>
<DiscountCalculation><mathml/></DiscountCalculation>
<DiscountAmount><usd/></DiscountAmount>
<DiscountPercentage><pct/></DiscountPercentage>
<DiscountFrequency><en/</DiscountFrequency>
<DiscountStartDate><date/></DiscountStartDate>
<DiscountEndDate><date/></DiscountEndDate>
<AdjustmentFrequency><en/></AdjustmentFrequency>
<AdjustmentAmount><usd/></AdjustmentAmount>
<AdjustmentPercentage><pct/></AdjustmentPercentage>
</PaymentDiscount.1>
<PaymentTax.1>
<TaxName><en/></TaxName>
<TaxTypeName><en/></TaxTypeName>
<TaxDescription><en/></TaxDescription>
<TaxCalculation><mathml/></TaxCalculation>
<TaxAmount><usd/></TaxAmount>
<TaxPercentage><pct/></TaxPercentage>
<TaxFrequency><en/</TaxFrequency>
<TaxStartDate><date/></TaxStartDate>
<TaxEndDate><date/></TaxEndDate>
<AdjustmentStartDate><date/></AdjustmentStartDate>
<AdjustmentEndDate><date/></AdjustmentEndDate>
<AdjustmentFrequency><en/></AdjustmentFrequency>
<AdjustmentAmount><usd/></AdjustmentAmount>
<AdjustmentPercentage><pct/></AdjustmentPercentage>
<AdjustmentMethodTypeName><en/></AdjustmentMethodTypeName>
</PaymentTax.1>
<PaymentFee.1> <!-- includes delinquent fees
-->
<FeeName><en/></FeeName>
<FeeTypeName><en/></FeeTypeName>
<FeeDescription><en/></FeeDescription>
<FeeCalculation><mathml/></FeeCalculation>
<FeeAmount><usd/></FeeAmount>
<FeePercentage><pct/></FeePercentage>
<FeeFrequency><en/</FeeFrequency>
<FeeStartDate><date/></FeeStartDate>
<FeeEndDate><date/></FeeEndDate>
<AdjustmentFrequency><en/></AdjustmentFrequency>
<AdjustmentAmount><usd/></AdjustmentAmount>
<AdjustmentPercentage><pct/></AdjustmentPercentage>
</PaymentFee.1>
</ItemizedPaymentAmounts>
</PaymentTerms>
<ContractSettlementTerms>
<!-- deliveries that has an
on-demand payment term (see DeliveryTerm.1 above)
-->
<!--
-->
<!-- see PaymentTerm.1 above
for final payments - this applies to all previous deliveries of goods
-->
</ContractSettlementTerms>
</LegalContract>
John McClure
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