Free Customer Payment Plan Template
Customer Payment Plan
I. Introduction
This Customer Payment Plan is entered into between [Your Name], located at [Your Company Address], hereinafter referred to as the "Seller", and [Customer Name], located at [Customer Address], hereinafter referred to as the "Customer", on the 20th day of January 2050.
II. Description of Services
The Seller hereby agrees to supply the Customer with the following goods and services as detailed below:
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Description: One Samsung 65" Smart 4K UHD TV
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Quantity: 1
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Total Cost: $1,200.00
III. Payment Plan Terms
The total cost of the goods/services shall be paid according to the following installment plan:
|
Payment Details |
Amount |
|---|---|
|
Down Payment |
$300.00 |
|
Number of Installments |
3 |
|
Frequency of Payments |
Monthly |
|
Amount of Each Installment |
$300.00 |
|
Due Date of First Installment |
June 1, 2050 |
|
Due Date of Subsequent Installments |
July 1, 2050; August 1, 2050; September 1, 2050 |
IV. Late Payments
The Customer concurs and acknowledges that any payments made after the stipulated due date will be subject to a late fee. This late fee will be imposed at the rate of twenty-five dollars ($25.00) for each instance in which a late payment occurs.
V. Method of Payment
Payments shall be made via:
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Cash
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Credit Card (Visa, Mastercard, American Express)
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Debit Card
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Bank Transfer
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PayPal
Customers may choose any of the above methods for making payments towards their installment plan.
VI. Delivery/Service Completion
The Seller hereby gives their consent and agrees to assume the responsibility of delivering the television to the buyer, contingent upon the Seller's successful receipt of the initial down payment from the buyer.
VII. Default
In the event of default by the Customer, the Seller reserves the right to:
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Demand immediate payment of the outstanding balance.
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Pursue legal action to recover the outstanding amount.
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Reclaim the goods/services provided.
VIII. Modification
This Agreement may only be modified or amended through a formal written document, which both parties involved are required to sign for the modifications or amendments to be regarded as valid and legally enforceable.
IX. Governing Law
This Agreement shall be governed by the laws of [Jurisdiction] and shall be interpreted and enforced following those laws.
X. Entire Agreement
This Agreement represents the complete and whole understanding between the parties involved, and it effectively replaces and supersedes any prior agreements, regardless of whether they were in written or oral form, concerning the subject matter covered by this Agreement.
XI. Signatures
Both parties hereby agree to the terms and conditions outlined in this Agreement.
[Your Name]
[Date]
[Customer Name]
[Date]
