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# Accounts Payable Agreement
**THIS ACCOUNTS PAYABLE AGREEMENT** (the "Agreement") is made and entered into as of the ___ day of ___________, 20__ (the "Effective Date"), by and between:
**[Vendor Name]**
Address: [Vendor Address]
City, State, Zip: [City, State, Zip]
Contact Person: [Contact Name]
Email: [Contact Email]
Phone: [Contact Phone]
("Vendor")
and
**[Company Name]**
Address: [Company Address]
City, State, Zip: [City, State, Zip]
Contact Person: [Contact Name]
Email: [Contact Email]
Phone: [Contact Phone]
("Company")
**WHEREAS**, Vendor provides certain goods or services, and
**WHEREAS**, Company is desirous of purchasing said goods or services from Vendor,
**NOW, THEREFORE**, in consideration of the mutual covenants and promises contained herein, the parties agree as follows:
## 1. Scope of Services
1.1 Vendor agrees to provide the goods and/or services as detailed in **Exhibit A** attached hereto and made a part of this Agreement (the "Services").
## 2. Payment Terms
2.1 Company agrees to pay Vendor for the Services provided as follows:
a. Total Amount: $__________
b. Payment Schedule: Payments shall be made in accordance with the following schedule:
- [Insert Payment Schedule, e.g., "50% upon invoice receipt and 50% upon completion of services."]
c. Payment Method: Payments shall be made via [insert payment method, e.g., "wire transfer," "check," etc.].
## 3. Invoicing
3.1 Vendor shall submit invoices to Company on a monthly basis or in accordance with the payment schedule outlined in Section 2.
3.2 Each invoice must include:
a. A unique invoice number
b. Date of the invoice
c. Description of Services provided
d. Total amount due
## 4. Late Payments
4.1 Any amounts due that are not paid within thirty (30) days of the due date shall incur a late fee of [insert late fee percentage, e.g., "1.5% per month"].
## 5. Term and Termination
5.1 This Agreement shall commence on the Effective Date and shall continue until completion of the Services or terminated by either party with a [insert time frame, e.g., "30 days' written notice."]
## 6. Confidentiality
6.1 Each party agrees to keep confidential any proprietary information received from the other party during the term of this Agreement.
## 7. Indemnification
7.1 Each party agrees to indemnify, defend, and hold harmless the other party from any claims, liabilities, damages, or expenses arising out of their respective performances under this Agreement.
## 8. Governing Law
8.1 This Agreement shall be governed by and construed in accordance with the laws of the State of [Insert State].
## 9. Entire Agreement
9.1 This Agreement constitutes the entire agreement between the parties and supersedes any prior agreements or understandings, whether written or oral.
## IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.
---
**[Vendor Name]**
By: ______________________________
Name: [Printed Name]
Title: [Title]
Date: _____________________________
**[Company Name]**
By: ______________________________
Name: [Printed Name]
Title: [Title]
Date: _____________________________
```