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Currency clause: Copy, customize, and use instantly

Introduction

A currency clause defines the currency in which payments and obligations under an agreement are to be made. This clause helps avoid confusion in cross-border agreements by specifying the currency that will be used for all transactions. It also outlines procedures for handling currency fluctuations and conversion, ensuring both parties are clear on the financial terms.

Below are templates for currency clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.

Currency of payment

This clause defines the currency of payment under the agreement.

All payments under this Agreement shall be made in [Currency Name], unless otherwise agreed in writing. The parties agree that all amounts due under this Agreement will be converted into [Currency Name] at the prevailing exchange rate at the time of payment, and the paying party shall bear any conversion fees or charges.

Currency for invoicing

This clause specifies the currency to be used for invoicing.

The parties agree that all invoices under this Agreement will be issued in [Currency Name]. Invoices will include the exchange rate used for any amounts converted from other currencies, and the recipient shall pay the invoiced amount in the specified currency, regardless of any currency fluctuations during the term of the Agreement.

Currency conversion

This clause defines the process for currency conversion.

If any payments under this Agreement are made in a currency other than [Currency Name], the party making the payment will convert the amount to [Currency Name] using the exchange rate published by [reference source, e.g., central bank] on the date of payment. Any differences arising from fluctuations in exchange rates will be borne by the paying party.

Currency fluctuation risk

This clause addresses the risk of currency fluctuations.

The parties acknowledge that exchange rate fluctuations may affect the value of payments under this Agreement. Each party agrees to bear its own risk regarding changes in currency value and to make payments based on the exchange rate at the time of payment, irrespective of any fluctuations in the market rate.

Payment in alternative currencies

This clause allows for payments in alternative currencies.

In the event that either party is unable to make payments in [Currency Name] due to legal or regulatory restrictions, payments may be made in an alternative currency, subject to mutual agreement. The exchange rate for such payments will be determined by the parties in writing before the payment is made.

Exchange rate adjustment

This clause provides for exchange rate adjustments based on specific factors.

If the exchange rate for [Currency Name] against [other currency] fluctuates by more than [percentage]% between the execution of this Agreement and the date of payment, the parties agree to review the terms of the payment and may adjust the amount due based on the exchange rate change. Such adjustments will be mutually agreed upon in writing.

Currency of settlement

This clause defines the currency to be used for settlements.

All settlements under this Agreement will be made in [Currency Name]. In cases where the amount owed in the other currency exceeds the [Currency Name] equivalent, the debtor will be required to settle the difference in [Currency Name], calculated at the applicable exchange rate at the time of settlement.

Default currency for cross-border transactions

This clause specifies the default currency for cross-border transactions.

In any cross-border transactions under this Agreement, the default currency for all financial dealings, including payment and settlement, will be [Currency Name]. Both parties agree to convert any other currencies into [Currency Name] at the exchange rate prevailing at the time of the transaction, and each party will bear any costs associated with currency conversion.

Currency of interest payments

This clause defines the currency for interest payments.

Any interest payments due under this Agreement shall be paid in [Currency Name]. If the interest accrues in any currency other than [Currency Name], the amount due shall be converted into [Currency Name] using the exchange rate at the time the payment is due, and the party making the payment will bear any costs associated with currency conversion.

Handling of currency conversion costs

This clause specifies who will bear the cost of currency conversion.

Any costs associated with converting payments to [Currency Name] under this Agreement, including but not limited to transaction fees and exchange rate margin adjustments, shall be borne by [Party Name]. Both parties agree to bear their respective currency conversion costs unless otherwise agreed in writing.

Payments in local currency

This clause provides for payments in local currency.

In the event that the parties agree to make payments in a local currency, such payments will be converted to [Currency Name] at the prevailing exchange rate on the date of payment. If there are any discrepancies between the agreed amount in [Currency Name] and the converted local currency amount, the paying party will settle the difference.

Currency of performance guarantees

This clause specifies the currency of performance guarantees.

Any performance guarantees provided under this Agreement shall be issued in [Currency Name]. If the guarantee amount is subject to conversion from another currency, the exchange rate at the time of payment will apply, and the party requesting the guarantee will bear any costs associated with currency conversion.

Payment currency for milestones

This clause outlines the currency of payments for milestone achievements.

Payments for the completion of milestones under this Agreement will be made in [Currency Name]. The parties agree to convert any foreign currency amounts into [Currency Name] based on the exchange rate at the time of the milestone achievement, with any conversion fees being borne by the paying party.

This clause defines the currency for tax-related payments.

All tax-related payments under this Agreement shall be made in [Currency Name]. If any tax obligation arises in a currency other than [Currency Name], the responsible party will convert the amount due into [Currency Name] at the applicable exchange rate and bear any related conversion costs.

Currency for refunds

This clause defines the currency for refunds.

Any refunds due under this Agreement will be paid in [Currency Name]. If the original payment was made in a different currency, the refund will be made in [Currency Name] at the exchange rate applicable at the time the refund is processed, and any additional costs incurred for the conversion will be borne by the refunding party.

Changes to payment currency

This clause allows changes to the payment currency.

The currency in which payments are made under this Agreement may be changed by mutual written consent of both parties. Any change in the currency will be subject to the exchange rate at the time the change is agreed upon, and any currency conversion costs will be borne by [Party Name].

Currency for settlement of disputes

This clause defines the currency for settling disputes.

Any monetary amounts related to disputes under this Agreement, including damages or claims, will be settled in [Currency Name]. The currency of payment for any settlement or judgment awarded will be [Currency Name], and any costs arising from currency conversion will be the responsibility of [Party Name].

Currency for refunds and credits

This clause defines the currency for refunds and credits.

All refunds or credits issued under this Agreement will be paid in [Currency Name]. If the payment was originally made in a currency other than [Currency Name], the refund or credit amount will be converted at the exchange rate on the date the refund or credit is processed, with conversion costs borne by the issuing party.

Currency for royalty payments

This clause defines the currency for royalty payments.

Any royalty payments made under this Agreement shall be paid in [Currency Name]. If the royalty accrues in a different currency, the amount shall be converted into [Currency Name] using the exchange rate on the payment date. The paying party will bear any currency conversion fees.

Currency for cost reimbursements

This clause defines the currency for cost reimbursements.

The parties agree that all cost reimbursements under this Agreement will be made in [Currency Name]. If any reimbursement is due in a currency other than [Currency Name], the responsible party will convert the amount using the exchange rate applicable on the date of reimbursement, and any conversion costs will be borne by the reimbursing party.

Currency for tax payments

This clause outlines the currency for tax payments.

All payments related to taxes under this Agreement, whether imposed by local, state, or federal authorities, shall be made in [Currency Name]. If the taxes are assessed in a currency other than [Currency Name], the party responsible for payment will convert the amount to [Currency Name] at the applicable exchange rate, with any conversion fees borne by the paying party.

Currency for cross-border payments

This clause defines the currency for cross-border payments.

Any payments made under this Agreement in connection with cross-border transactions shall be made in [Currency Name]. If a payment is due in a currency other than [Currency Name], the paying party shall convert the amount into [Currency Name] at the prevailing exchange rate on the payment date, and bear any associated currency conversion fees.

Currency for interest payments

This clause defines the currency for interest payments.

Any interest payments due under this Agreement shall be paid in [Currency Name]. If the interest accrues in any other currency, the amount will be converted into [Currency Name] at the exchange rate on the payment date, and the paying party will bear any conversion costs.

Currency of payment for penalties

This clause defines the currency for penalty payments.

Any penalties under this Agreement will be assessed in [Currency Name]. If the penalty amount is denominated in a different currency, it will be converted into [Currency Name] at the exchange rate applicable on the penalty due date, with the paying party covering any conversion fees.

Currency for performance-based bonuses

This clause defines the currency for performance-based bonuses.

Performance-based bonuses under this Agreement will be paid in [Currency Name]. If the bonus is due in a currency other than [Currency Name], the amount will be converted using the exchange rate on the date of payment, and any conversion costs will be borne by the paying party.

Currency for settlement of damages

This clause defines the currency for settlement of damages.

Any monetary damages awarded under this Agreement will be settled in [Currency Name]. If the damages are calculated in a different currency, they will be converted into [Currency Name] at the prevailing exchange rate at the time of payment, with the paying party covering any conversion costs.

Currency for upfront payments

This clause defines the currency for upfront payments.

All upfront payments required under this Agreement must be made in [Currency Name]. If the upfront payment is due in a currency other than [Currency Name], the amount will be converted using the exchange rate on the payment date, and any conversion fees will be the responsibility of the paying party.

Currency for milestone payments

This clause defines the currency for milestone payments.

Payments due at each milestone under this Agreement will be made in [Currency Name]. If the milestone payment is in a different currency, the responsible party will convert the payment into [Currency Name] at the applicable exchange rate on the payment date, and bear the currency conversion costs.

Currency for commission payments

This clause defines the currency for commission payments.

Any commissions payable under this Agreement will be made in [Currency Name]. If the commission accrues in another currency, it will be converted into [Currency Name] at the exchange rate on the payment date, with the paying party bearing any currency conversion fees.

Currency for settlement of outstanding fees

This clause defines the currency for the settlement of outstanding fees.

Any outstanding fees under this Agreement will be settled in [Currency Name]. If the fees are owed in a different currency, they will be converted into [Currency Name] using the exchange rate applicable on the payment date, and the paying party will bear any conversion costs.

Currency for refund processing

This clause defines the currency for processing refunds.

Any refunds under this Agreement will be processed in [Currency Name]. If the refund amount is due in a different currency, the amount will be converted into [Currency Name] at the prevailing exchange rate on the date of refund, with the party issuing the refund bearing any conversion costs.

Currency for settlement of disputes

This clause outlines the currency for the settlement of disputes.

Any settlement of disputes under this Agreement, including but not limited to damages, arbitration, or legal settlements, will be made in [Currency Name]. If the settlement amount is in a different currency, the amount will be converted into [Currency Name] at the exchange rate on the settlement date, with the paying party responsible for any conversion costs.

Currency for periodic payments

This clause defines the currency for periodic payments.

All periodic payments due under this Agreement, including monthly or quarterly payments, will be made in [Currency Name]. If any periodic payment is to be made in a different currency, it will be converted into [Currency Name] at the exchange rate on the payment date, and the paying party will bear any conversion fees.

Currency for licensing fees

This clause defines the currency for licensing fees.

Any licensing fees payable under this Agreement will be paid in [Currency Name]. If the licensing fee is due in a different currency, the responsible party will convert the fee into [Currency Name] using the exchange rate on the payment date, with any conversion costs borne by the paying party.

Currency for additional charges

This clause defines the currency for any additional charges.

Any additional charges under this Agreement will be assessed in [Currency Name]. If the charges arise in a currency other than [Currency Name], they will be converted into [Currency Name] at the exchange rate on the date of payment, with the paying party bearing the currency conversion fees.

Currency for royalty payments

This clause defines the currency for royalty payments.

Royalty payments under this Agreement will be made in [Currency Name]. If the royalties are due in any currency other than [Currency Name], the amount shall be converted into [Currency Name] at the exchange rate on the payment date. The paying party will bear any related currency conversion costs.

Currency for advance payments

This clause defines the currency for advance payments.

All advance payments required under this Agreement shall be made in [Currency Name]. If the payment is due in a different currency, it will be converted into [Currency Name] at the exchange rate applicable on the payment date, with any conversion fees borne by the paying party.

Currency for consulting fees

This clause defines the currency for consulting fees.

Consulting fees under this Agreement will be paid in [Currency Name]. If the fee is invoiced in a different currency, the amount will be converted into [Currency Name] at the exchange rate on the payment date, and the paying party will be responsible for the conversion costs.

Currency for final settlement

This clause defines the currency for final settlement of obligations.

The final settlement of all obligations under this Agreement will be made in [Currency Name]. If any obligations are due in a currency other than [Currency Name], the amount will be converted to [Currency Name] at the exchange rate prevailing at the time of settlement, with any conversion costs borne by the paying party.

Currency for long-term payments

This clause outlines the currency for long-term payments.

All long-term payments due under this Agreement, such as those in relation to licensing, royalties, or ongoing fees, will be paid in [Currency Name]. If the payments are due in a different currency, they will be converted into [Currency Name] using the exchange rate at the time of payment, with the paying party bearing the currency conversion costs.

Currency for reimbursement of expenses

This clause defines the currency for reimbursement of expenses.

The party requesting reimbursement under this Agreement shall be reimbursed in [Currency Name]. If the expenses are incurred in a different currency, the amount will be converted into [Currency Name] at the exchange rate on the reimbursement date, with any conversion fees borne by the reimbursing party.

Currency for penalties and late fees

This clause outlines the currency for penalties and late fees.

Any penalties or late fees under this Agreement will be assessed and paid in [Currency Name]. If the amount is due in a different currency, it will be converted into [Currency Name] at the exchange rate applicable at the time the payment is made, with the responsible party covering any conversion fees.

Currency for milestone payments

This clause defines the currency for milestone payments.

Payments due upon the completion of each milestone under this Agreement shall be made in [Currency Name]. If the milestone payment is due in a different currency, it will be converted to [Currency Name] at the prevailing exchange rate on the payment date, with the paying party bearing the currency conversion costs.

Currency for reimbursement of taxes

This clause defines the currency for tax reimbursements.

Any tax reimbursements due under this Agreement shall be made in [Currency Name]. If the taxes were paid in a currency other than [Currency Name], the reimbursed amount will be converted to [Currency Name] at the applicable exchange rate on the reimbursement date, and the reimbursing party will bear any conversion fees.

Currency for joint venture distributions

This clause defines the currency for joint venture distributions.

Any distributions under the joint venture will be made in [Currency Name]. If distributions are made in a currency other than [Currency Name], the amount will be converted into [Currency Name] at the exchange rate on the date of distribution, with any conversion costs borne by the receiving party.

Currency for funding and investment contributions

This clause defines the currency for funding and investment contributions.

All contributions of funding or investment under this Agreement will be made in [Currency Name]. If any contribution is due in a different currency, the amount will be converted into [Currency Name] at the exchange rate applicable on the payment date, with the contributing party covering any associated currency conversion costs.

Currency for licensing and royalty payments

This clause outlines the currency for licensing and royalty payments.

All licensing and royalty payments under this Agreement will be made in [Currency Name]. If the royalty payments are in a different currency, they will be converted into [Currency Name] at the exchange rate on the payment date, with any conversion fees being borne by the paying party.

Currency for any arbitration awards

This clause defines the currency for arbitration awards.

Any arbitration award or decision related to this Agreement will be paid in [Currency Name]. If the award is in a different currency, it will be converted into [Currency Name] at the exchange rate on the award date, with the paying party responsible for covering any conversion fees.

Currency for final account settlement

This clause outlines the currency for final account settlement.

The final settlement of all accounts under this Agreement will be made in [Currency Name]. If any outstanding amounts are due in a currency other than [Currency Name], they will be converted into [Currency Name] using the exchange rate at the time of settlement, and the responsible party will bear any conversion costs.

Currency for payment of damages

This clause defines the currency for payment of damages.

Any damages payable under this Agreement will be assessed in [Currency Name]. If damages are calculated in another currency, they will be converted into [Currency Name] at the prevailing exchange rate on the date of payment, with the paying party covering any currency conversion costs.

Currency for royalties on sales

This clause defines the currency for royalties on sales.

Royalties on sales under this Agreement will be paid in [Currency Name]. If the sales revenue is in a different currency, the royalties will be converted into [Currency Name] at the exchange rate on the payment date, and the paying party will bear any related conversion costs.

Currency for performance guarantees

This clause outlines the currency for performance guarantees.

Any performance guarantees under this Agreement will be provided in [Currency Name]. If the performance guarantee is in a different currency, the amount will be converted into [Currency Name] at the exchange rate on the payment date, with the guaranteeing party covering any conversion fees.

Currency for contract amendment fees

This clause defines the currency for contract amendment fees.

Any fees due for amendments to this Agreement will be paid in [Currency Name]. If the fee is invoiced in a currency other than [Currency Name], it will be converted into [Currency Name] at the prevailing exchange rate at the time of payment, with the paying party responsible for any conversion costs.

Currency for bonuses and incentives

This clause defines the currency for bonuses and incentives.

Any bonuses or incentives due under this Agreement will be paid in [Currency Name]. If the bonus or incentive is in a different currency, it will be converted to [Currency Name] at the exchange rate on the payment date, with the paying party covering any conversion fees.

Currency for royalty payments

This clause defines the currency for royalty payments.

All royalty payments under this Agreement will be made in [Currency Name]. If the royalties are due in another currency, the amount will be converted into [Currency Name] using the exchange rate on the date of payment, with the paying party covering any currency conversion costs.

Currency for international payments

This clause defines the currency for international payments.

Any international payments under this Agreement will be made in [Currency Name]. If the payment is due in a different currency, it will be converted into [Currency Name] at the exchange rate applicable on the payment date, and the paying party will bear any currency conversion fees.

Currency for final payments

This clause defines the currency for final payments.

The final payment due under this Agreement will be made in [Currency Name]. If the payment amount is due in a different currency, the responsible party will convert the amount into [Currency Name] at the exchange rate on the payment date, with any conversion costs borne by the paying party.

Currency for advance fee payments

This clause defines the currency for advance fee payments.

Any advance fees required under this Agreement will be paid in [Currency Name]. If the fee is to be paid in another currency, the amount will be converted into [Currency Name] at the applicable exchange rate on the payment date, and the paying party will bear the currency conversion costs.

Currency for maintenance payments

This clause defines the currency for maintenance payments.

All maintenance payments due under this Agreement will be made in [Currency Name]. If the maintenance fees are due in another currency, they will be converted into [Currency Name] at the exchange rate on the payment date, with any currency conversion fees borne by the paying party.

Currency for product purchases

This clause defines the currency for product purchases.

All product purchases under this Agreement will be made in [Currency Name]. If the purchase is due in a different currency, it will be converted into [Currency Name] using the exchange rate applicable on the date of purchase, with the purchasing party responsible for any conversion costs.

Currency for revenue share payments

This clause defines the currency for revenue share payments.

Revenue share payments under this Agreement will be made in [Currency Name]. If the revenue is generated in a different currency, the revenue share will be converted into [Currency Name] at the exchange rate on the payment date, with the paying party bearing any currency conversion fees.

This clause defines the currency for tax-related payments.

Any tax payments due under this Agreement will be made in [Currency Name]. If the tax obligation arises in a different currency, it will be converted into [Currency Name] at the applicable exchange rate, with the paying party responsible for covering any conversion costs.

Currency for dividends

This clause defines the currency for dividends.

Dividends under this Agreement will be paid in [Currency Name]. If the dividends are due in a different currency, they will be converted into [Currency Name] at the prevailing exchange rate on the dividend payment date, with any conversion costs borne by the paying party.

Currency for settlement of claims

This clause defines the currency for settlement of claims.

Any settlements or claims under this Agreement will be made in [Currency Name]. If the settlement amount is in a different currency, it will be converted into [Currency Name] using the exchange rate at the time of settlement, and the responsible party will bear any currency conversion fees.

Currency for project funding

This clause defines the currency for project funding.

All funds required for the project under this Agreement will be provided in [Currency Name]. If the funding is to be provided in another currency, the amount will be converted into [Currency Name] at the exchange rate on the date of funding, with any conversion costs borne by the funding party.

Currency for annual payments

This clause defines the currency for annual payments.

Any annual payments due under this Agreement will be made in [Currency Name]. If the payments are due in another currency, the amount will be converted into [Currency Name] at the exchange rate on the payment date, with any conversion fees borne by the paying party.

Currency for long-term liabilities

This clause defines the currency for long-term liabilities.

Any long-term liabilities incurred under this Agreement will be settled in [Currency Name]. If the liabilities are due in a different currency, the amount will be converted into [Currency Name] using the exchange rate at the time of payment, and the paying party will bear any currency conversion costs.

Currency for upfront deposits

This clause defines the currency for upfront deposits.

All upfront deposits due under this Agreement will be made in [Currency Name]. If the deposit is due in another currency, the amount will be converted into [Currency Name] at the exchange rate on the date of payment, with any conversion costs borne by the paying party.

Currency for penalty charges

This clause defines the currency for penalty charges.

Any penalty charges under this Agreement will be assessed and paid in [Currency Name]. If the penalty is due in another currency, it will be converted into [Currency Name] using the exchange rate on the date the penalty is assessed, with the paying party responsible for covering any currency conversion costs.

Currency for performance payments

This clause defines the currency for performance payments.

Any performance payments under this Agreement will be made in [Currency Name]. If the payment is due in a different currency, it will be converted into [Currency Name] using the exchange rate on the payment date, and the paying party will cover the currency conversion fees.

Currency for licensing fees

This clause defines the currency for licensing fees.

Licensing fees under this Agreement will be paid in [Currency Name]. If the fees are due in a different currency, the responsible party will convert the amount into [Currency Name] using the exchange rate on the payment date, and any conversion fees will be borne by the paying party.

Currency for penalties and liquidated damages

This clause defines the currency for penalties and liquidated damages.

Any penalties or liquidated damages assessed under this Agreement will be payable in [Currency Name]. If the amount is due in a different currency, the amount will be converted into [Currency Name] at the exchange rate on the payment date, with the paying party responsible for any currency conversion fees.

Currency for payment disputes

This clause defines the currency for payment disputes.

If a payment dispute arises under this Agreement, the currency for resolving the dispute will be [Currency Name]. If the payment dispute involves a different currency, the amount will be converted into [Currency Name] at the exchange rate applicable on the resolution date, with the responsible party bearing any conversion fees.

Currency for settlement of outstanding balances

This clause defines the currency for settlement of outstanding balances.

Any outstanding balances under this Agreement will be settled in [Currency Name]. If the balance is in another currency, the amount will be converted into [Currency Name] at the exchange rate on the date of settlement, with the paying party bearing the currency conversion costs.

This clause defines the currency for payments related to intellectual property.

All payments related to the use or licensing of intellectual property under this Agreement shall be made in [Currency Name]. If the payment is due in a different currency, the amount will be converted into [Currency Name] at the exchange rate on the payment date, and the paying party will bear any currency conversion costs.

Currency for employee bonuses

This clause defines the currency for employee bonuses.

Employee bonuses under this Agreement will be paid in [Currency Name]. If the bonus is due in another currency, the amount will be converted into [Currency Name] at the exchange rate applicable on the payment date, with any conversion fees borne by the paying party.

Currency for contractual penalties

This clause defines the currency for contractual penalties.

Any contractual penalties imposed under this Agreement will be assessed in [Currency Name]. If the penalty is due in a different currency, it will be converted into [Currency Name] using the exchange rate at the time of payment, with the paying party responsible for covering any currency conversion costs.

Currency for payment of goods and services

This clause defines the currency for payment of goods and services.

All payments for goods and services provided under this Agreement will be made in [Currency Name]. If the payment is due in a different currency, the responsible party will convert the amount into [Currency Name] at the exchange rate on the payment date, with any conversion costs borne by the paying party.

Currency for periodic financial reports

This clause defines the currency for periodic financial reports.

Any financial reports or summaries required under this Agreement will be provided in [Currency Name]. If the report contains figures in a different currency, it will be converted into [Currency Name] using the exchange rate at the time of reporting, with the reporting party covering any conversion costs.

Currency for international shipping fees

This clause defines the currency for international shipping fees.

Any international shipping fees incurred under this Agreement will be paid in [Currency Name]. If the fee is quoted in a different currency, it will be converted into [Currency Name] at the exchange rate on the payment date, and the responsible party will bear any currency conversion fees.

Currency for promotional payouts

This clause defines the currency for promotional payouts.

Any promotional payouts under this Agreement will be made in [Currency Name]. If the payout is in a different currency, the amount will be converted into [Currency Name] at the exchange rate on the payment date, with the receiving party bearing any conversion costs.

Currency for administrative fees

This clause defines the currency for administrative fees.

Any administrative fees under this Agreement will be assessed in [Currency Name]. If the fees are calculated in a different currency, the amount will be converted into [Currency Name] at the exchange rate on the fee assessment date, with the paying party covering any currency conversion costs.

Currency for maintenance and support fees

This clause defines the currency for maintenance and support fees.

Maintenance and support fees under this Agreement will be paid in [Currency Name]. If the payment is in a different currency, it will be converted into [Currency Name] at the exchange rate on the payment date, and the responsible party will bear any conversion fees.

Currency for payment for third-party services

This clause defines the currency for payment for third-party services.

Payments to third-party service providers under this Agreement will be made in [Currency Name]. If the service provider’s fees are quoted in a different currency, the amount will be converted into [Currency Name] at the exchange rate on the payment date, with any conversion costs borne by the paying party.

This clause defines the currency for reimbursement of legal expenses.

Any legal expenses incurred under this Agreement will be reimbursed in [Currency Name]. If the expenses were paid in another currency, they will be converted into [Currency Name] at the exchange rate on the reimbursement date, with any currency conversion costs borne by the reimbursing party.

Currency for settlement of contractual disputes

This clause defines the currency for settlement of contractual disputes.

Any settlement of disputes under this Agreement will be paid in [Currency Name]. If the dispute settlement amount is in a different currency, the amount will be converted into [Currency Name] at the prevailing exchange rate on the settlement date, with the responsible party covering any conversion costs.

Currency for performance guarantee payments

This clause defines the currency for performance guarantee payments.

Performance guarantee payments under this Agreement will be made in [Currency Name]. If the guarantee is issued in a different currency, it will be converted into [Currency Name] at the exchange rate on the payment date, and the responsible party will bear any currency conversion costs.

Currency for contractual termination payments

This clause defines the currency for termination payments.

Any payments due upon the termination of this Agreement will be made in [Currency Name]. If the termination payment is due in a different currency, it will be converted into [Currency Name] at the exchange rate on the termination date, and the paying party will bear any conversion costs.

Currency for advance royalty payments

This clause defines the currency for advance royalty payments.

Any advance royalty payments under this Agreement will be made in [Currency Name]. If the advance royalty is due in a different currency, it will be converted into [Currency Name] at the exchange rate applicable on the payment date, with the paying party responsible for covering any conversion fees.

Currency for international consulting fees

This clause defines the currency for international consulting fees.

Any consulting fees due for international services rendered under this Agreement will be paid in [Currency Name]. If the consulting fees are in a different currency, they will be converted into [Currency Name] at the exchange rate applicable on the payment date, with the paying party covering the currency conversion fees.

Currency for cross-border tax payments

This clause defines the currency for cross-border tax payments.

Any tax payments due under this Agreement that arise in connection with cross-border activities will be made in [Currency Name]. If the tax is assessed in a different currency, it will be converted into [Currency Name] at the exchange rate on the payment date, with the responsible party covering any currency conversion fees.

Currency for intercompany transfers

This clause defines the currency for intercompany transfers.

Any intercompany transfers under this Agreement will be made in [Currency Name]. If the transfer amount is due in a different currency, it will be converted into [Currency Name] using the exchange rate at the time of the transfer, and the responsible party will bear any conversion costs.

Currency for final adjustment payments

This clause defines the currency for final adjustment payments.

Any final adjustment payments due under this Agreement will be made in [Currency Name]. If the final payment is to be made in another currency, it will be converted into [Currency Name] at the exchange rate applicable on the adjustment date, and the paying party will bear any conversion fees.

Currency for revenue share distribution

This clause defines the currency for revenue share distribution.

The parties agree that any revenue share distribution under this Agreement will be made in [Currency Name]. If the revenue is generated in a different currency, the amount will be converted into [Currency Name] at the exchange rate on the payment date, and the responsible party will bear any associated currency conversion fees.

Currency for subscription fees

This clause defines the currency for subscription fees.

Any subscription fees under this Agreement will be payable in [Currency Name]. If the fees are invoiced in another currency, they will be converted into [Currency Name] at the exchange rate applicable on the payment date, with the paying party covering the conversion costs.

Currency for consulting fee payments

This clause defines the currency for consulting fee payments.

All consulting fees under this Agreement will be paid in [Currency Name]. If the fee is due in another currency, it will be converted into [Currency Name] using the exchange rate at the time of payment, and the paying party will bear the currency conversion fees.

Currency for penalties and late fees

This clause defines the currency for penalties and late fees.

Any penalties or late fees assessed under this Agreement will be due in [Currency Name]. If the penalty is calculated in another currency, it will be converted into [Currency Name] at the exchange rate on the payment date, with any currency conversion fees borne by the paying party.

Currency for investment returns

This clause defines the currency for investment returns.

The parties agree that all returns on investments under this Agreement will be paid in [Currency Name]. If the returns are earned in a different currency, they will be converted into [Currency Name] using the exchange rate at the time of payment, with the paying party covering any currency conversion costs.

This clause defines the currency for performance-related bonuses.

Performance-related bonuses under this Agreement will be paid in [Currency Name]. If the bonus is earned in a different currency, it will be converted into [Currency Name] using the exchange rate on the payment date, and the responsible party will bear any currency conversion fees.

Currency for equipment and material purchases

This clause defines the currency for equipment and material purchases.

All payments for equipment and material purchases under this Agreement will be made in [Currency Name]. If the purchase is made in a different currency, it will be converted into [Currency Name] at the exchange rate on the purchase date, with any conversion costs borne by the purchasing party.

Currency for lease payments

This clause defines the currency for lease payments.

Any lease payments under this Agreement will be made in [Currency Name]. If the lease payment is due in a different currency, the amount will be converted into [Currency Name] using the exchange rate at the time of payment, with any currency conversion fees borne by the paying party.

Currency for training fees

This clause defines the currency for training fees.

Any training fees under this Agreement will be paid in [Currency Name]. If the fee is invoiced in a different currency, the amount will be converted into [Currency Name] using the exchange rate applicable on the payment date, with any conversion costs borne by the paying party.

Currency for fines and penalties

This clause defines the currency for fines and penalties.

Any fines or penalties under this Agreement will be assessed in [Currency Name]. If the fine or penalty is assessed in another currency, it will be converted into [Currency Name] using the exchange rate at the time of payment, and the paying party will bear any conversion costs.

Currency for service charge payments

This clause defines the currency for service charge payments.

All service charges under this Agreement will be paid in [Currency Name]. If the service charge is due in a different currency, it will be converted into [Currency Name] using the exchange rate on the payment date, and the paying party will bear any conversion fees.

Currency for royalty and license payments

This clause defines the currency for royalty and license payments.

Royalty and license payments under this Agreement will be made in [Currency Name]. If the payments are made in a different currency, they will be converted into [Currency Name] using the exchange rate applicable on the payment date, with the paying party covering any conversion costs.

Currency for project-based reimbursements

This clause defines the currency for project-based reimbursements.

Any reimbursements related to project expenses under this Agreement will be made in [Currency Name]. If the reimbursements are in a different currency, they will be converted into [Currency Name] at the exchange rate on the reimbursement date, with the reimbursing party bearing the currency conversion fees.

Currency for dividend payments

This clause defines the currency for dividend payments.

Dividend payments under this Agreement will be made in [Currency Name]. If the dividends are declared in a different currency, they will be converted into [Currency Name] at the exchange rate on the payment date, with any conversion costs borne by the paying party.

Currency for payment of outstanding amounts

This clause defines the currency for payment of outstanding amounts.

Any outstanding amounts under this Agreement will be paid in [Currency Name]. If the outstanding amount is in a different currency, it will be converted into [Currency Name] using the exchange rate at the time of payment, and the paying party will bear any currency conversion fees.

Currency for settlement of trade invoices

This clause defines the currency for settlement of trade invoices.

All trade invoices under this Agreement will be settled in [Currency Name]. If the invoice is issued in a different currency, it will be converted into [Currency Name] at the exchange rate on the payment date, with the paying party responsible for the currency conversion fees.

Currency for product distribution payments

This clause defines the currency for product distribution payments.

Payments related to the distribution of products under this Agreement will be made in [Currency Name]. If the distribution payment is due in a different currency, it will be converted into [Currency Name] using the exchange rate applicable on the payment date, with any conversion costs borne by the paying party.

Currency for insurance payments

This clause defines the currency for insurance payments.

Insurance payments related to this Agreement will be made in [Currency Name]. If the insurance premium is due in a different currency, it will be converted into [Currency Name] at the exchange rate on the payment date, with the responsible party bearing the conversion costs.

Currency for deposit refunds

This clause defines the currency for deposit refunds.

Any deposit refunds due under this Agreement will be made in [Currency Name]. If the deposit was made in a different currency, it will be converted into [Currency Name] at the exchange rate on the refund date, with the responsible party bearing the currency conversion costs.

This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.

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