A payment arrangement agreement letter is a letter which is used by one of the parties in a financial arrangement to set forth payment terms in case of financial debt or difficulty in making payments. A payment arrangement agreement letter template is a ready to use letter that can be customized to draft a needed letter. A sample of a payment arrangement agreement letter is given below and can be used for reference.
Sample Payment Arrangement Agreement Letter:
_______________ [enter name of the recipient here]
________________ [enter the address of the recipient here]
_________________ [enter the contact details of the recipient here]
Date: _________________ [enter the date of sending of the letter here]
Subject: ______________________________ [the subject of the letter must be written here in a precise sentence or statement]
______________ [provide a formal salutation here]
I am ________________ [mention the name of the sender in this space] and I am writing to you in order to ________________ [give the purpose or aim of writing the letter in this space]. I wish to set forth a payment arrangement agreement because ________________ [give the reasons for drafting of the arrangement agreement for payment].
I would like to state a few of the terms of this agreement and they are given as follows:
- ____________________________[give the first term and condition]
- ____________________________[give the second term and condition]
- ____________________________[enter all the other clauses]
Hope that___________________ [give suitable information]
_________________ [enter the name of the sender here]