Here is a simple template you can use to write a letter of agreement for payment.
[Date]
To
[Recipient’s Name]
Subject: Agreement for Partial Payment
Dear [Recipient Name],
This payment letter is to certify that [Name] has agreed to receive partial payment for the [Month/Year] of [Month name/ Year]. This is to confirm the mutual promise made between both parties for the duration of [Duration].
Further, [Name] does not owe [Recipient name] any amount of money once the contract is terminated on [Date]. Both parties thereby accept the revised payment plan for the given duration due to [Reason/s]. The mode of payment will remain the same.
Sincerely,
[Your Name]
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