Simple Payment Agreement Letter
October 18, 2059
Javier Jacobs
Chandler, AZ 85224
Dear Javier Jacobs,
I hope this letter finds you well. I am writing to discuss the Simple Payment Agreement Letter that lays out the terms of our agreement. This letter is to make sure we're both on the same page about this agreement and to avoid any potential issues in the future.
In line with the agreement, the payment for the custom software development will be made in regular installments for six months. This schedule was decided upon to ensure a smooth payment process and to give both parties the ease and clarity of knowing exactly when each payment is due. The payment plan is as follows:
1st Installment: $1,000 due upon signing the agreement
2nd Installment: $1,000 due one month after the first payment
3rd Installment: $1,000 due two months after the first payment
4th Installment: $1,000 due three months after the first payment
5th Installment: $1,000 due four months after the first payment
6th Installment: $1,000 due five months after the first payment
If for any reason, this arrangement becomes unfeasible, either party can request a renegotiation ensuring it remains mutually beneficial. Thank you for your understanding, and I am looking forward to doing business with you.
Sincerely,
[YOUR NAME]
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