Free Contract Template 02Free Contract Template 02
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Payment Agreement Contract
By this contract, {Payer} agrees to make payments to {Payee}, hereafter known as "Lender," by
the following schedule in exchange for {Product/services rendered}. This payment schedule is
enforceable by law, and the methods described below will be use in cases of delinquent
payment.
By this agreement, it is agreed that a payment of {amount} will be surrendered to the Lender
every {interval} until the total of the payment required, which is {amount}, has been delivered.
The payment plan will take the following form:






{First Payment Date, Amount}
{Second Payment Date, Amount}
{Third Payment Date, Amount}
{Fourth Payment Date, Amount}
{Fifth Payment Date, Amount}
{Sixth Payment Date, Amount}

These payments include any interest and other charges that may apply.
This agreement is binding, and failure to meet its terms will allow the Lender to take certain
recourse. First, late payments will incur a fee of {fee} every {interval}. Insufficient payment a