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If you have a client in default of making payments and you are planning on compromising the debt (i.e. writing it off, accepting a lower payment, etc.) use the Client Debt Compromise Agreement.
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Related documents may be used in conjunction with this document depending on your situation. Many related documents are intended for use as part of a contract management system.

Related Documents:
Client Debt Compromise Contract
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How to write my Client Debt Compromise Contract document

AGREEMENT TO COMPROMISE DEBT Terms and Conditions FOR VALUE RECEIVED company name the Undersigned and company name hereafter referred to as Company hereby enter into an agreement this current day day of current month current year to compromise and reduce any indebtedness due to Company by the undersigned on the following terms and conditions. 1. The Undersigned and Company acknowledge that the present debt due between each party is Insert Dollar Amount Owed US Equivalent. 2. The parties agree that Company shall accept the sum of Insert Dollar Amount to be Accepted US Equivalent as full and total payment on said debt and in complete discharge of all monies presently due. 3. By depositing or cashing the enclosed payment Company agrees to the above terms and any and all debt between Company and the Undersigned or agent thereof is considered PAID IN FULL. If Company or any agent thereof does not agree with ALL of the above terms then the payment is to be disposed of and is to be considered null and void.

Each party represents and warrants that on the date first written above they are authorized to enter into this Agreement in entirety and duly bind their respective principals by their signature below. EXECUTED as of the date first written above. company name address address city state or province zip or postal code phone number By signator authorized signature or signer. Job title of signator authorized signature or signer.

Date when the contact was signed company name address address city state or province zip or postal code phone number By signator authorized signature or signer.

Job title of signator authorized signature or signer. Date when the contact was signed

How to write my Decline of Business Credit Letter document (alternate or related contract document)

company name NOTICE OF DECLINE OF BUSINESS CREDIT current date To. contract first name contract last name contract job title Re. Notice of Decline of Business Credit Dear contract first name

This letter is to notify you that your application for business credit has been declined. If your financial circumstances change in the future please do not hesitate to reapply. If your application information has changed since the time of the application or if you feel we have reached this decision in error please contact us at. company name address address city state or province zip or postal code

phone number Sincerely Credit Manager Department cc. Accounting Finance Department Manager

address address city state or province zip or postal code Phone phone number

How do you write a Contract Dissolution Agreement document? (alternate or related contract document)

PROJECT CANCELLATION AGREEMENT THIS AGREEMENT is made this current day day of current month current year by and between company name Consultants and company name Customer Agreements In consideration of the mutual covenants set forth in this Agreement Customer and Consultants hereby agree to cancel any and all work projects or labor as follows. 1. Cancellation of Services. Consultants shall cease any and all computer consulting services described below the Services or Work Product as well as any additional services that Customer has requested. Services include but are not limited to. a Enter Service or Work Product Description here

b Enter Service or Work Product Description here c Enter Service or Work Product Description here d Enter Service or Work Product Description here 2. Termination Obligations. Upon termination of this Agreement Consultants shall transfer and make available to Customer all property and materials in Consultants possession or subject to Consultants control that are the rightful property of Customer. The Consultant shall make every reasonable effort to secure all written or descriptive matter which pertains to the Services or Work Product and agrees to provide reasonable cooperation to arrange for the transfer of all property contracts agreements supplies and other third party interests including those not then utilized and all rights and claims thereto and therein. In the event of loss or destruction of any such material or descriptive matter Consultants shall immediately notify Customer of the details of the loss or destruction in writing and provide the necessary information for loss statement or other documentation to Customer. 3. Ownership Rights. The Consultant shall have ownership to all Consultants Materials. Consultants Material consists of all copyrightable. a Materials that do not constitute Services or Work Product as defined in Sect Services and Exhibit Specifications

b Materials that are solely owned by Consultants or licensed to Consultants. c Materials that are incorporated into the Work Product or part of the Services. Additional material shall include but are not limited to. Insert details about additional material here. Consultant shall hold all right title and interest in and to Consultants Material. Customer shall not do anything that may infringe upon or in any way undermine Consultants right title and interest in the Consultants Material as described in this paragraph 4. Notwithstanding the above Consultant hereby grants Customer an unrestricted nonexclusive perpetual fully paid up worldwide license for the use or for the sublicense of the use of Consultants Material for the purpose of

Insert purpose materials will be used for here. 4. Outstanding Final Compensation and Hold Harmless Agreements. For all of Consultants services rendered to Customer under any Previous Agreement Customer shall compensate Consultants in cash pursuant to the terms of Exhibit attached hereto. By accepting the terms of this offer and signing in the space provided below you hereby release and forever discharge and hold Customer its successors employers employees agents officers directors shareholders affiliates and insurers harmless of all claims suits or liability directly or indirectly related to your employment retainment of services or the termination of such services and specifically and without limitation any claims to pay in lieu of notice wrongful dismissal severance vacation bonus or overtime pay. This release includes but is not limited to all contract and tort claims between Customer and Consultants concerning Customers right to terminate its employees contractors and vendor agreements and claims or rights under local state and federal laws prohibiting employment discrimination. By signing below you agree that these terms represent full and final settlement of any and all claims you have arising out of your employment or contract employment by Customer. 5. Mutual Confidentiality. Customer and Consultants acknowledge and agree that the Specifications and all other documents and information related to the performance production creation or any expression of the services or work product are the property of Customer. Materials provided between Consultants and Customer the Confidential Information including but not limited to documentation product specifications drawings pictures photographs charts correspondence supplier lists financial reports analyses and other furnished property shall be the exclusive property of the respected owner the Owning Party and will constitute valuable trade secrets. Both parties shall continue to keep the Confidential Information in confidence and shall not at any time during or after the term of this Agreement without prior written consent from the owning party disclose or otherwise make available to anyone either directly or indirectly all or any part of the Confidential Information. Excluded from the Confidential Information definition is anything that can be seen by the public or had been previously made available by the owning party in public venue. 6. Equipment and Expenses. If Customer has made available to Consultants for Consultants use in performing the services for Customer such items of hardware and software as Customer and Consultants may agree are reasonably necessary for such purpose Consultants are obligated to return all Customer property currently in their possession at time and place of Customers choice. The following equipment and or services have been made available to Consultants and are hereby required to be return to Customer.

a Insert Equipment or Services description here b Insert Equipment or Services description here c Insert Equipment or Services description here 7. Expenses. Consultants will not be reimbursed for any expenses incurred in connection with the Services or Work Product whether direct or indirect without the express written approval of Customer. 8. General Provisions. 8 Entire Agreement. This Agreement contains the entire Agreement between the parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings written or oral between the parties related to the subject matter hereof. No modification of this Agreement shall be valid unless made in writing and signed by both of the parties hereto. 8 Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of the State of state or province. Exclusive jurisdiction and venue shall be in the county County state or province Superior Court. 8 Binding Effect. This Agreement shall be binding upon and inure to the benefit of Customer and Consultants and their respective successors and assigns provided that Consultants may not assign any of his obligations under this Agreement without Customers prior written consent. 8 Waiver. The waiver by either party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way affect limit or waive such partys right thereafter to enforce and compel strict compliance with every term and condition of this Agreement. 8 Good Faith. Each party represents and warrants to the other that such party has acted in good faith and agrees to continue to so act in the negotiation execution delivery performance and any termination of this Agreement. 8 No Right to Assign. Consultants have no right to assign sell modify or otherwise alter this Agreement except upon the express written advance approval of Customer which consent can be withheld for any reason. Customer may freely assign its rights and obligations under this Agreement.

8 Attorneys Fees. In the event any party to this Agreement employs an attorney to enforce any of the terms of the Agreement the prevailing party shall be entitled to recover its actual attorneys fees and costs including expert witness fees. Each party represents and warrants that on the date first written above they are authorized to enter into this Agreement in entirety and duly bind their respective principals by their signature below. EXECUTED as of the date first written above. company name By signator authorized signature or signer. Job title of signator authorized signature or signer. Date when the contact was signed

company name By signator authorized signature or signer. Job title of signator authorized signature or signer. Date when the contact was signed Customer Initials Consultant Initials

How do you write a Breach of Contract Notification Form document? (alternate or related contract document)

GIVING NOTICE OF BREACH OF AGREEMENT DEMANDING CORRECTIVE ACTION current date company name address address

city state or province zip or postal code Phone phone number Fax fax number Re. Our Agreement Dear salutation last name The purpose of this letter is to give formal notice of your breach of our Agreement Insert the title of the contract or agreement which was breached dated start date. Specifically you are in breach of paragraph Insert Paragraph Breached here of the Agreement which provides that Insert description of what was breached Please be advised that if Insert corrective action that must be done will have no choice but to refer this matter to legal counsel for appropriate action.

Thank you in advance for your immediate attention to this matter. Sincerely first name last name job title

How to write my Debt Transfer Agreement document (alternate or related contract document)

TRANSFER OF DEBT AGREEMENT THIS AGREEMENT is made this current day day of current month current year by and between company name hereafter referred to as Debtee and company name hereafter referred to as Debtor The purpose of this Agreement hereafter referred to as the Agreement is to act as transfer of debt for Insert General Description of the Debt as detailed in Exhibit attached and hereafter referred to as the Debt from company name to company name effective as of the date of this Agreement. Therefore the parties agree to the following regarding the transfer and repayment of the debt. 1 Debtee unconditionally and irrevocably agrees to assume and pay the Debt on behalf of the Debtor and according to the terms and conditions as detailed in Exhibit A.

If third party Creditor holds the debt then the repayment terms should be outlined in Exhibit along with formal acknowledgment by the Creditor that they will accept the assumption of Debt between Debtor and Debtee. Otherwise it is assumed that this is formalization of debt between two parties only. 2 All property materials Intellectual Property IP proprietary rights trademarks patent rights or any other collateral the collateral secured by the Debt shall be transferred to company name in exchange for company name taking responsibility for the repayment of the Debt listed in Exhibit A. 3 Debtor shall execute all documents contracts and agreement related to the transfer of Debt and or the collateral to company name. 4 The right of Debtor to make use of copy duplicate or distribute in any format the Collateral or related IP whether in part or in whole is strictly forbidden. 5 Debtor warrants that the Debt is accurate and current and all documentation provided to company name is in its original or recorded format and has not been materially altered or modified in any form.

6 Debtor acknowledges that nothing in this Agreement shall constitute release of any obligations of the Debtor to the original Creditor for repayment of the Debt breach of contract or other obligations or any related charge not detailed in the Exhibit A. 7 The undersigned warrant that they have the full power to enter into this Agreement and to make the grants contained herein. 8 If any provision of this Agreement is held to be unenforceable the enforceability of the remaining provisions shall in no way be affected or impaired thereby. 9 This Agreement and any disputes arising hereunder shall be governed by the laws of state or province state without regard to conflicts of laws or principles. 10 Any failure by any party to exercise or delay in exercising right or power conferred upon it in this Agreement shall not operate as waiver of any such right or power. 11 This Agreement shall be binding upon and inure to the benefit of the parties their successors and assigns. Debtee. company name Name. Signature.

Date. Debtor. company name Name. Signature. Organization. Date.

Debtor Initials Debtee Initials

Writing the Software and Services Quit Claim document (alternate or related contract document)

company name Software and Services Quit Claim company name address address city state or province zip or postal code Phone. phone number Date. current date Reference #. WorkOrder

Client. company name city state or province zip or postal code Phone. phone number For. Insert project description here For valuable consideration given company name hereby releases all interest in source code it has in its possession relating to the software and services rendered for or on behalf of client and agrees to settle all outstanding financial obligations for includes month of web hosting. The original amount of invoice is . Both parties agree that.

company name owes no further monies licenses royalties or other payments to company name. company name owes no further obligation for support or development to company name. company name will provide copy of all source code that it has in its possession to company name upon execution of this agreement. company name will destroy any client data it has in its possession upon execution of this agreement. ACCEPTANCE OF AGREEMENT.

I the undersigned client understand that by signing this agreement release company name from any and all liability tort or claim concerning this project. company name may now charge for outstanding monies owed for completion of the project. Clients signature. Date. Company signature.

Date.

How to write my Request to Expedite Payment Letter document (example of another included contract document)

current date first name last name job title company name address address

city state or province zip or postal code Re. Request to Expedite Payment on Insert Contract Name or Number salutation last name Due to circumstances beyond our control we have been unable to complete Insert whatever project portion or milestone you have been unable to meet We are currently experiencing cash flow difficulties that affect our ability to carry on our work. Therefore we respectfully request that you immediately release payment of Insert amount or percentage of contract payment requested for the contract named above leaving Insert amount or percentage remaining due due on completion which will protect you and allow us to efficiently continue operations. Please find attached the invoice for the amount stated above. If you have any questions please do not hesitate to contact me. On behalf of our entire organization we thank you in advance for your cooperation and look forward to successful completion of this project. Sincerely first name last name

job title company name phone number e mail address web site domain URL

Writing the Equity Investment Contract document (example of another included contract document)

EQUITY INVESTMENT AGREEMENT THIS AGREEMENT is made this current day day of current month current year by and between company name Company and company name Customer Agreements In consideration of the mutual covenants set forth in this Agreement Customer and Company hereby agree to an exchange of equity in the Enter which party is trading equity Customer or Company for Insert the service product or other description of what is being traded under the following terms and conditions. 1. General Terms.

Company shall during the Term as defined below accept from Customer as substitution for compensation equity in the form of Insert relevant information about the types of shares or transfer of such here Examples include. # XXX Shares of Series Preferred Stock at YYY price per share and in accordance with the Company Common Stock Agreement attached hereafter etc For all of Companys services under this Agreement Customer shall compensate Company in cash equity pursuant to the terms of Exhibit attached hereto. Exhibit should include whether the compensation is 100% in equity or combination of the two. An example of such would be as follows. For all of Companys services under this Agreement Customer shall compensate Company at 80 hour of which 60 shall be made in the form of cash and 20 shall be made in equity in the form of stock. Insert relevant information about the types of shares or transfer of such here.

Example. Shares of Series Preferred Stock subject to adjustment for dilution in accordance with the Company Common Stock Agreement. 2. Term of Service. Term of this Agreement shall commence on start date and shall continue in full force and effect until terminated by either party upon at least ninety days prior written notice. Absent termination notice no event except breach may terminate this Agreement prior to end date. 3. Exempt Expenses Fees or Licenses Company will be reimbursed in cash for any expenses incurred in connection with the Services or work performed subject to Customers prior approval of such expenses.

General Provisions. 4. Entire Agreement. This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings written or oral between the parties related to the subject matter hereof. No modification of this Agreement shall be valid unless made in writing and signed by both of the parties hereto. 4 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of state or province. Exclusive jurisdiction and venue shall be in the county County state or province Superior Court. 4 Binding Effect. This Agreement shall be binding upon and inure to the benefit of Customer and Company and their respective successors and assigns provided that Company may not assign any of these obligations under this Agreement without Customers prior written consent.

4 Waiver. The waiver by either party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way affect limit or waive such partys right thereafter to enforce and compel strict compliance with every term and condition of this Agreement. 4 Good Faith. Each party represents and warrants to the other that such party has acted in good faith and agrees to continue to so act in the negotiation execution delivery performance and any termination of this Agreement. 4 No Right to Assign.

Company has no right to assign sell modify or otherwise alter this Agreement except upon the express written advance approval of Customer which consent can be withheld for any reason. Customer may freely assign Customers rights and obligations under this agreement. 4 Payments. In the event Customer fails to make any of the payments set forth on Exhibit within the time prescribed in Exhibit Company has the right to withhold Services remove work product from Company owned resources or seek legal remedy until payment in full is received plus accrued late charges of 2% per month. 4 Mutual Nondisclosure of Compensation. Both parties agree not to disclose to any third party the compensation terms contained within this Agreement. Neither party shall be held responsible for information that has been made available to the public as requirement of the Company Common Stock Agreement. 4 Attorneys Fees.

In the event any party to this Agreement employs an attorney to enforce any of the terms of the Agreement the prevailing party shall be entitled to recover its actual attorneys fees and costs including expert witness fees. The parties represent and warrant that on the date first written above they are authorized to enter into this Agreement in its entirety and duly bind their respective principals by their signatures below. EXECUTED as of the date first written above. company name By signator authorized signature or signer. Job title of signator authorized signature or signer. Date when the contact was signed company name

By signator authorized signature or signer. Job title of signator authorized signature or signer. Date when the contact was signed Customer Initials Company Initials

A Document from Contract Pack

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