Agreement on Entrusted Payment（委托付款协议）.docx

AgreementonEntrustedPayment

ThisAgreementonEntrustedPayment(hereinafterreferredtoastheAgreement)ismadeandenteredintoonthis____dayof____,20,byandbetween:

PartyA(Principal):

Name:_______________

Address:_______________

ContactInformation:_______________

PartyB(EntrustedParty):

Name:_______________

Address:_______________

ContactInformation:_______________

WHEREAS,

PartyAwishestoentrustPartyBtomakeapaymentonitsbehalftoathirdpartyspecifiedbelow.

PartyBagreestoacceptsuchentrustmentandmakethepaymentaccordingtothetermsandconditionsstipulatedherein.

NOW,THEREFORE,inconsiderationofthemutualcovenantsandpromisescontainedherein,thepartiesheretoagreeasfollows:

Article1.PaymentDetails

1.1BeneficiaryInformation:

Name:_______________.

BankAccountNumber:_______________.

BankName:_______________.

Branch:_______________.

AccountType:_______________.

Amount:_______________(inwords:_______________).

1.2PurposeofPayment:_______________.

1.3PaymentDate:Thepaymentshallbemadeonorbefore_______________(date).

Article2.EntrustmentandAuthorization

2.1PartyAherebyentrustsandauthorizesPartyBtomaketheaforementionedpaymentonitsbehalf.

2.2PartyBagreestomakethepaymentstrictlyinaccordancewiththeinstructionsprovidedbyPartyA.

Article3.FundTransfer

3.1PartyAshalltransferthefullamountofthepaymenttoPartyBsdesignatedbankaccountpriortothepaymentdate.

3.2PartyBconfirmsthatuponreceiptofthefundsfromPartyA,itwillpromptlymakethepaymenttothebeneficiary.

Article4.LiabilityandResponsibility

4.1PartyAshallbesolelyresponsiblefortheaccuracyandcompletenessofthepaymentdetailsprovided.

4.2PartyBshallnotbeliableforanylossordamagearisingfromincorrectorincompletepaymentdetailsprovidedbyPartyA.

4.3Incaseofanydisputearisingfromthepayment,PartyAandPartyBshallresol