Payment Plan Agreement | Practical Law

Payment Plan Agreement | Practical Law

A short-form payment plan agreement for overdue payment obligations between a manufacturer, seller, reseller, or distributor (supplier) that has already delivered the goods and a buyer (customer) that is experiencing cash flow issues but is not insolvent. This Standard Document has integrated drafting notes with important explanations and negotiating tips.

Payment Plan Agreement

Practical Law Standard Document w-024-9463 (Approx. 13 pages)

Payment Plan Agreement

by Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
A short-form payment plan agreement for overdue payment obligations between a manufacturer, seller, reseller, or distributor (supplier) that has already delivered the goods and a buyer (customer) that is experiencing cash flow issues but is not insolvent. This Standard Document has integrated drafting notes with important explanations and negotiating tips.