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Recurring Payment Agreement for the Netherlands

Recurring Payment Agreement Template for Netherlands

A standardized agreement governed by Dutch law that establishes the terms and conditions for recurring payment arrangements between a service provider and a customer. The document complies with Dutch Civil Code requirements, EU Payment Services Directive 2 (PSD2), and SEPA regulations, ensuring proper authorization for automatic recurring payments. It includes essential provisions for payment terms, customer rights, data protection under GDPR, and termination procedures, while incorporating necessary SEPA mandate information and consumer protection requirements under Dutch law.

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Recurring Payment Agreement

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What is a Recurring Payment Agreement?

The Recurring Payment Agreement is a critical document used in the Netherlands to establish and govern automatic payment arrangements between service providers and their customers. This agreement is essential for businesses that collect regular payments for ongoing services, subscriptions, or periodic obligations. It must comply with Dutch legal requirements, including the Civil Code, Financial Supervision Act, and EU regulations such as PSD2 and GDPR. The document includes crucial elements such as payment authorization, SEPA mandate information, customer rights, and data protection provisions. It's particularly important for ensuring legal compliance while facilitating efficient payment collection and providing clarity on the terms of the recurring payment arrangement for all parties involved.

What sections should be included in a Recurring Payment Agreement?

1. Parties: Identification of the payment service provider and the customer, including full legal names, addresses, and registration details

2. Background: Context of the agreement and the services being provided

3. Definitions: Definitions of key terms used throughout the agreement

4. Payment Terms: Details of the recurring payment amount, frequency, and payment method

5. Authorization: Customer's authorization for automatic debiting and SEPA mandate information

6. Duration: Term of the agreement and renewal provisions

7. Rights and Obligations: Detailed responsibilities of both parties regarding the payment arrangement

8. Changes to Payment Terms: Process for modifying payment amounts or frequency

9. Termination: Conditions and process for terminating the recurring payment arrangement

10. Communication: Methods and requirements for notices between parties

11. Data Protection: GDPR compliance and handling of personal and financial data

12. Governing Law: Specification of Dutch law as governing law and jurisdiction

What sections are optional to include in a Recurring Payment Agreement?

1. Multiple Payment Methods: Include when the agreement allows for different payment methods or backup payment options

2. Currency Conversion: Include when payments may be processed in multiple currencies

3. Special Cancellation Rights: Include for consumer contracts with specific statutory cancellation rights

4. Third-Party Payment Processors: Include when external payment processors are involved

5. Rewards or Loyalty Programs: Include if recurring payments are linked to any rewards or loyalty schemes

6. Service Level Requirements: Include when specific service levels are guaranteed as part of the payment arrangement

What schedules should be included in a Recurring Payment Agreement?

1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts, dates, and frequency

2. Schedule 2 - SEPA Direct Debit Mandate: Standard SEPA mandate form with customer authorization

3. Schedule 3 - Service Specifications: Detailed description of services linked to the recurring payments

4. Appendix A - Contact Details: List of key contacts and notification addresses for both parties

5. Appendix B - Data Processing Terms: Detailed terms for processing personal and payment data in compliance with GDPR

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Netherlands

Publisher

Ƶ

Document Type

Payment Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions































Clauses






























Relevant Industries

Financial Services

Subscription Services

Software and Technology

Utilities

Telecommunications

Property Management

Insurance

Professional Services

Education

Healthcare

Fitness and Wellness

Media and Entertainment

Relevant Teams

Legal

Finance

Compliance

Accounts Receivable

Treasury

Operations

Customer Service

Risk Management

Commercial

Billing

Contract Administration

Relevant Roles

Finance Manager

Legal Counsel

Compliance Officer

Accounts Receivable Manager

Payment Operations Manager

Contract Administrator

Treasury Manager

Financial Controller

Business Development Manager

Customer Service Manager

Risk Manager

Operations Director

Chief Financial Officer

Commercial Manager

Billing Coordinator

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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