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 over a period of 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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