Negociate a payment plan

He may ask you a payment plan as he is unable to fully pay your bills. A bad compromise is often better than a good legal action so this possibility should not be rejected under some conditions.
Set up a payment plan
What are the prerequisites for a payment plan?- Require an immediate partial payment even of a small amount in order to get a proof of the willingness of your client to honor his debt,
- Shorten to the maximum the duration of the schedule of payment,
- Confirm the agreement by a writing contract signed by both parties. It will have a value of an acknowledgment of debt if you had to conduct a subsequent lawsuit to get paid,
- Get upon the signing of the agreement checks (or bank endorsed bills of exchange) to cash in accordance with the schedule deadlines.
You shall define conditions that are realistic for your client (he must be able to comply with the agreement) and for your company whose cash is certainly not infinitely expandable.
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Tools download:
Payment plan agreement template to use to confirm the agreement made by the seller and the buyer about unpaid invoices.
It can be considered as an acknowledgment of debt which can be used in case of later legal action.
It can be considered as an acknowledgment of debt which can be used in case of later legal action.
Template of a payment plan contract letter. Using this contract is key when you agree with your customer on a payment due to financial difficulties.
It allows to formalize customer commitment.
It allows to formalize customer commitment.
Template of a payment plan contract letter in french. Using this contract is key when you agree with your customer on a payment due to financial difficulties.
It allows to formalize customer commitment.
It allows to formalize customer commitment.
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