Deferred Payment Agreement Template

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Deferred Payment Agreement Template

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Deferred Payment Agreement Template (1)
Between:
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
[Debtor’s Phone]
[Debtor’s Email]
And:
[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
Introduction:
This document serves to formalize the deferred payment agreement made on [Contract Date], outlining the terms agreed upon by both parties concerning the repayment of the due amount.
Clause 1: Amount Due
The Debtor acknowledges the total amount of [Amount] that is owed to the Creditor.
Clause 2: Deferred Payment Terms
The Debtor agrees to repay the amount due in installments as follows: [Specify payment schedule and amounts].
Clause 3: Interest Rate
An interest rate of [Rate]% per annum will be applied to the outstanding amount, calculated on a [monthly/quarterly] basis.
Clause 4: Default Conditions
In the event of non-payment, the Creditor reserves the right to demand the total outstanding amount immediately, subject to any applicable laws.
Clause 5: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Debtor]
[Name of the Debtor]
[Signature of the Creditor]
[Name of the Creditor]
Deferred Payment Agreement Template (2)
Between:
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
[Debtor’s Phone]
[Debtor’s Email]
And:
[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
Introduction:
This agreement is established to document the deferred payment arrangement made on [Contract Date]. The parties agree to the following terms for repayment.
Clause 1: Principal Amount
The total principal amount owed is [Amount], which the Debtor agrees to pay back as specified herein.
Clause 2: Repayment Schedule
Payments will be made in the following manner: [Detail the schedule with specific dates and amounts].
Clause 3: Default Interest
If the Debtor fails to comply with the payment schedule, a late payment fee of [Specify amount or percentage] will be charged.
Clause 4: Legal Fees
In the event of default, the Debtor agrees to pay all reasonable legal fees incurred by the Creditor for the collection of the debt.
Clause 5: Modification
Any modifications to this agreement must be made in writing and signed by both parties.
Signed in [City], [Date].
Sincerely,
[Signature of the Debtor]
[Name of the Debtor]
[Signature of the Creditor]
[Name of the Creditor]

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Please complete the form below to create the Deferred Payment Agreement Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step.

Deferred Payment Agreement Template

1. Creditor Information


2. Debtor Information


3. Agreement Details


4. Payment Schedule

5. Interest Rate

6. Late Payment Terms

7. Security or Collateral

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures



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Deferred Payment Agreement Template

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Deferred Payment Agreement Template