Free Structured Payment Plan Template
Structured Payment Plan
Date: November 14, 2063
Reference Number: ABC-2063-001
I. Purpose of Payment Plan
This payment plan outlines the terms and structure of a mutually agreed-upon payment schedule between [YOUR COMPANY NAME] and Eyefusion. The purpose of this agreement is to facilitate payment for consulting services provided by [YOUR COMPANY NAME] to Eyefusion. This plan aims to provide a manageable structure that benefits both parties, ensuring timely payments and maintaining a positive professional relationship.
II. Payment Details
-
Total Amount Owed: $15,000.00
-
Down Payment (if applicable): $3,000.00
-
Balance After Down Payment: $12,000.00
III. Payment Schedule
The balance will be paid in installments as outlined below:
|
Installment Number |
Due Date |
Amount |
Payment Method |
Status |
|---|---|---|---|---|
|
1 |
December 1, 2063 |
$3,000.00 |
Bank Transfer |
Pending |
|
2 |
January 1, 2064 |
$3,000.00 |
Check |
Pending |
|
3 |
February 1, 2064 |
$3,000.00 |
Credit Card |
Pending |
|
4 |
March 1, 2064 |
$3,000.00 |
Bank Transfer |
Pending |
|
5 |
April 1, 2064 |
$3,000.00 |
Check |
Pending |
IV. Terms and Conditions
-
Late Fees: Payments not received within 10 days of the due date are subject to a late fee of 5% of the overdue amount.
-
Missed Payments: Any missed payment will result in a review of the payment plan and potential modification of terms or the initiation of collection processes.
-
Early Payment: [YOUR COMPANY NAME] accepts early payments, which may result in adjustments to the remaining payment schedule.
-
Modification of Terms: This payment plan may only be modified in writing with the consent of both [YOUR COMPANY NAME] and Eyefusion.
-
Payment Methods: Accepted payment methods include bank transfer, check, and credit card. All payments should reference the Reference Number: ABC-2063-001 provided.
-
Termination of Agreement: Failure to adhere to this payment plan may result in termination of this agreement, and any remaining balance will become immediately due.
V. Acknowledgment
By signing below, both parties acknowledge and agree to the terms and conditions of this payment plan.
[YOUR NAME]
[YOUR COMPANY NAME]
Date: November 14, 2063
Eyefusion
Date: November 14, 2063
