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Client Debt Compromise Contract Concepts
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How to write your Client Debt Compromise Contract

We include this 1 page template with Contractors Contract Pack and the Proposal Kit Professional. You will get more content and software automation for data merging, managing client documents, and creating proposals with line item quoting with a Contract Pack or the Professional.

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.
Document Length: 1 Page
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1. Get Contractors Contract Pack or the single template that includes this business contract document.

We include this Client Debt Compromise Contract in editable Word format that can be customized using your office software.

2. Download and install after ordering.

Once you have ordered and downloaded your template or pack, you will have all the content you need to get started.

3. Customize the contract template with your information.

You can customize the contract document as much as you need. If you get a Contract Pack or Professional Bundle, you can also use the included Wizard software to automate name/address data merging.

Client Debt Compromise Contract

Writing the Client Debt Compromise Contract document


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:

The Undersigned and Company acknowledge that the present debt due between each party is Insert Dollar Amount Owed US Equivalent. 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. By depositing or cashing the enclosed payment, Company agrees to the above terms and any and all debt between Company and the Undersigned or a 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:

The complete Client Debt Compromise Contract - with the actual formatting and layout - is available as a single template or as part of a library of related templates in a Contract Pack or the Professional Bundle.
Client Debt Compromise Contract
Product name:
Client Debt Compromise Contract
Produced by:
Proposal Kit
Software › Computer Software › Business & Productivity Software
$19 USD
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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:

Key Takeaways

  • The Client Debt Compromise Contract is available as a ready-to-edit template.
  • The Contract Packs and Professional Bundle include many related agreements and documents.
  • You can automate financials and data merging into contracts using a Contract Pack or Professional Bundle.
  • You can also create business proposals and integrate your contracts using the Professional Bundle.
  • There are no ongoing subscription fees. You get lifetime unlimited use.
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Proposal Kit, Inc. makes no warranty and accepts no responsibility for the suitability of any materials to the licensee's business. Proposal Kit, Inc. assumes no responsibility or liability for errors or inaccuracies. Licensee accepts all responsibility for the results obtained. The information included is not legal advice. Names in use cases have been fictionalized. Your use of the Client Debt Compromise Contract template and any purchased packages constitutes acceptance and understanding of these disclaimers and terms and conditions.

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