Payment Agreement Template
This Payment Agreement is entered into as of May 12 by and between [Client.Company] having its principal place of business located at 27 Plymouth Lane Los Angeles, CA 90066 (the “Owing Party”) and [Sender.Company]having its principal place of business located at 4 East Manchester St. Bakersfield, CA 93306 (the “Owed Party”), both of whom agree to be bound by this Agreement.
the Owing Party owes the Owed Party $10.000 (the “Deficiency”); and
the Owing Party and the Owed Party desire to enter into an agreement whereby the Owing Party shall pay the Owed Party the sum of the Deficiency on a payment plan according to the terms and conditions herein.
in consideration of the mutual covenants and promises made by the parties hereto, the Owing Party and the Owed Party (individually, each a “Party” and collectively, the “Parties”) covenant and agree as follows: