Common Contracts
1 similar Payment Agreement contracts
Legal form for payment agreementPayment Agreement • January 23rd, 2022
Signed this day of , , at [Insert Address] Borrower: [Insert Name of Borrower] By: Date: [Insert Name of Borrower] Lender: [Insert Name of Lender] By: Date: [Insert Name of Lender] Download Template You don't want to end up with a payment agreement that's not binding, due to incorrect wording or a problem with the structure of the agreement. COLLECTION COSTS If any payment obligation under this Note is not paid when due, the Borrower promises to pay all costs of collection, including reasonable attorney fees, whether or not a lawsuit is commenced as part of the collection process. IV. TERMS OF REPAYMENT A. Anytime you act as the creditor, there are some laws that have to be followed for things like interest rates and other requirements. DEFAULT If any of the following events of default occur, this Note and any other obligations of the Borrower to the Lender, shall become due immediately, without demand or notice: the failure of the Borrower to pay the principal and any accrued interest
