Cash Payment Agreement Sample

Written agreements are important for describing in detail a specific transaction between two or more parties. Although they are not always enforceable in court, they can often prevent litigation. From partnership agreements to separation agreements, JotForm`s choice of PDF agreement templates helps you create a paper lead for each type of business agreement. Your formal agreements are automatically saved as secure PDFs that can be easily downloaded, shared with all parties involved, or printed for future reference. The reprimand party hereby represents and warrants that the agreement and the payment plan included there there in it have been developed in a manner in which the reprimand party reasonably believes that it can pay the portion due without further interruption, despite further modification of circumstances. It is customary for payment agreements to require the debtor to pay regularly directly by credit card or ACH (direct payment from bank account). The creditor may transfer or assign the contract to a third party, provided that written notice is given to the debtor. In the event of such an assignment, the assignee may modify the payment plan set out in this Agreement. The due party may assign this Agreement by written notice to the liable party. In the case of such an assignment, the assignee may define a new method of payment. In addition, the agreement can define the type of penalty if the money is not refunded as agreed. Interest rates are not always part of these agreements. It is also described how and when the money will be refunded.

For example, the party lending the money may require the borrower to return it with a cashier`s check, while prohibiting the use of a personal check. Payment agreements may also be concluded between private parties. Friends, family members and colleagues can use these documents to ensure fair treatment of credit or acceptance of money....

118 Total Views 4 Views Today
This entry was posted in Uncategorized by admin. Bookmark the permalink.