milestone payment structure

A milestone payment structure is a method used in project agreements where payments are released in parts, based on the completion of specific, predefined stages or goals. Instead of paying everything upfront or only at the end, the payer releases funds as each milestone is achieved, ensuring progress is made before additional payments. This approach helps manage risk, motivates timely delivery, and provides clear indicators of progress for both parties involved. It’s commonly used in large projects or contracts to align payments with tangible results.