General Contract Clauses: Payment Terms, Currency Conversion | Practical Law

General Contract Clauses: Payment Terms, Currency Conversion | Practical Law

A Standard Clause to specify that US dollars is the currency to be used for payments. This clause also contains language to mitigate currency risk (foreign exchange risk), including optional language requiring the buyer to reimburse the seller for any shortfalls due to currency risk. This Standard Clause has integrated drafting notes with important explanations and drafting and negotiating tips.

General Contract Clauses: Payment Terms, Currency Conversion

Practical Law Standard Clauses 4-531-2645 (Approx. 11 pages)

General Contract Clauses: Payment Terms, Currency Conversion

by Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
A Standard Clause to specify that US dollars is the currency to be used for payments. This clause also contains language to mitigate currency risk (foreign exchange risk), including optional language requiring the buyer to reimburse the seller for any shortfalls due to currency risk. This Standard Clause has integrated drafting notes with important explanations and drafting and negotiating tips.