Notarized Letter Template For Payment Agreement

You can open the Notarized Letter Template For Payment Agreement in multiple formats, including PDF, Word, and Google Docs.


Sample

Notarized Letter Template For Payment Agreement

Printable | Editable Form



Examples


Notarized Letter Template For Payment Agreement (1)
Between:
[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
And:
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
Subject:
This notarized letter serves to confirm the payment agreement established on [Agreement Date] between the Creditor and Debtor.
Clause 1: Payment Amount
The Debtor agrees to pay the Creditor a total amount of [Total Amount] according to the terms specified herein.
Clause 2: Payment Schedule
Payments shall be made as follows: [Specify payment schedule, including due dates and amounts].
Clause 3: Default Conditions
In the event of default, the total outstanding amount shall be immediately due, and the Creditor reserves the right to pursue legal action to recover the owed sums.
Clause 4: Governing Law
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction]. Any disputes arising out of this agreement shall be resolved in the courts of [Location].
Clause 5: Acknowledgment of Understanding
Both parties acknowledge that they have read and understood the terms of this agreement and voluntarily accept them.
Signed in [City], [Date].
Sincerely,
[Signature of the Creditor]
[Name of the Creditor]
[Signature of the Debtor]
[Name of the Debtor]
Notarized Letter Template For Payment Agreement (2)
Between:
[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
And:
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
Subject:
This notarized letter is issued as a formal agreement of payment established on [Agreement Date] between the Creditor and the Debtor.
Clause 1: Principal Amount
The total principal amount owed by the Debtor to the Creditor is [Principal Amount], to be paid per the following schedule.
Clause 2: Payment Installments
The payments shall be made in [Number of Payments] equal installments of [Installment Amount] each, due on the [Due Dates].
Clause 3: Late Payment Fee
Any payment not received by the due date shall incur a late fee of [Percentage]% of the overdue amount for each month it remains unpaid.
Clause 4: Dispute Resolution
In the event of a dispute, both parties agree to resolve the matter through mediation before seeking legal action.
Clause 5: Execution
This letter constitutes the complete agreement between the parties and supersedes all prior negotiations and understandings.
Signed in [City], [Date].
Sincerely,
[Signature of the Creditor]
[Name of the Creditor]
[Signature of the Debtor]
[Name of the Debtor]

Format

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

Notarized Letter Template for Payment Agreement

1. Lender Information


2. Borrower Information


3. Agreement Details


4. Purpose of the Loan

5. Payment Terms

6. Default Terms

7. Governing Law

8. Notary Acknowledgment

9. Signatures and Acceptance

10. Declaration and Signatures





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Printable

Notarized Letter Template For Payment Agreement

Printable | Editable Form




Notarized Letter Template For Payment Agreement