Agreement to Compromise Debt
AGREEMENT TO COMPROMISE DEBT
FOR VALUE RECEIVED, the undersigned being a creditor of _
[Company] hereby enters into an agreement to compromise and
reduce the indebtedness due the undersigned on the following
terms and conditions:
1. The Company and the undersigned acknowledge that the
present debt due is $_.
2. The parties agree that the undersigned shall accept the
sum of $_ as full and total payment on said debt and in
complete discharge of all monies presently due,
provided the sum herein shall be punctually paid in
the manner following:
3. In the event the Company fails to punctually pay the
reduced amount, the undersigned creditor shall have
full rights to prosecute it claim for the total debt
due under paragraph 1 [less payments made].
4. This agreement shall be binding upon and inure to the
benefit of the parties, their successors, assigns and
Signed under seal this _ day of _, 19_.
You might also like
ACKNOWLEDGEMENT AND ACCEPTANCE OF ORDER Date: _ To: _ [Customer] We are in receipt of your order as contained in the attached purchase order form. We confirm acceptance
[date] ACKNOWLEDGMENT OF RECEIPT I hereby acknowledge the receipt of the following documents from the firm of [firm] : 1. 2. 3. 4. ____________________________ [Signature of Client]
AFFIDAVIT FOR LOST, STOLEN, DESTROYED STOCK CERTIFICATE State of ______________________ County of _____________________ I, [name] , being duly sworn, state: That I reside at [address] , [city] , [state] That