Free Simple Payment Agreement Template

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East Brick Store

PAYMENT
AGREEMENT
PARTIES

This PAYMENT AGREEMENT (“Agreement”), signed this 12th day of August 2040, is between
Eden Reyes of East Brick Store (“Seller”) and Rosemary Marsh (“Buyer”).

Both parties agree to the following terms and conditions:

NATURE OF AGREEMENT

The Buyer agrres to pay seven hundred and fifty dollars ($750.00) to the Seller. The amount is
for the items specified below:

Description Quantity Price Total

Bond Paper 5 USD 50 5 USD 250

Printer 1 USD 500 1 USD 500

Total USD 22,000

TERMS AND CONDITIONS

PAYMENT DEADLINE

The Buyer must completed the full payment by September 12, 2040. Failure to do so will result
in additional interest charges.

INTEREST RATE

Upon failure to pay the full balance by the due date, the Company will increment the charge
with a 10% interest rate for every week that the Buyer fails to pay the amount.
RESPONSIBILITIES

The Buyer is responsible for paying the full amount on or before the due date. If for some
reason the Buyer is not capable of doing so, they should remain in contact until they finish
paying the whole balance on top of the accrued interest.

ITEM RETURN

The Buyer will not be allowed to return the printer to close the debt. They are required to
provide financial reparations for the purchase.

CONFIDENTIALITY

Both parties are not allowed to disclose any information regarding this document to parties
outside of the bounds of this Agreement. Failure to do so will result in possible legal
repercussions.

GOVERNING LAW

This Agreement is bounded by the laws and regulations of the State of North Carolina.

SIGNATURE

Signature * Signature *

Name * Name *
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