Free Payment Agreement Template Between Two Parties

This is explained by employees who work in key positions including access to confidential information, such as. B the trade secrets of a company, can be forcibly avoided by employees. In cases where the worker resigns, he or she takes away the confidential information in some way. This is a problem when a competitor can hire the worker and obtain the worker`s classified information, including the former employer`s customers and clients, giving the former employer a lesser advantage. Another consideration may be that the worker can start his own business, which can lead him to compete with the former employer, including stealing from customers who offer them a better deal at the expense of the former employer. The Parties approve the payment plan set out in the statement of its contents set out in appendix A annexed (the “Payment Plan”). The debtor must respect the schedule set and pay the creditor, before or on due date, the amount indicated in the “Payment Plan” table. 4. Delay.

If the debtor is in arrears in its payments and fails to settle the delay within a reasonable time, the debtor has the possibility to immediately declare the remaining amount of the principal and all interest accrued at maturity and payable. Also known as a payment contract or instalment payment agreement, a payment agreement is a document describing all the details of a loan between a lender and a borrower. .