Easy to Use Legal Templates
Quickly and easily create any legal agreement for you or your team.
Straightforward pricing plans and bespoke packages built to simplify all your legal demands.
Vast Document Library
Zegal’s comprehensive collection of agreements means you always have what you need at your fingertips.
What is Zegal?
Watch to see how Zegal can help your business create, negotiate, and sign legal documents and contracts.
What is a Letter Accepting Payments in Instalments Template?
A Letter Accepting Payment in Instalments is a concise letter that accepts debt repayments from a debtor in installments. It can reserve the right to take any legal action to recover outstanding debt. If the debtor fails to repay the debt on time, this letter can serve as evidence of the agreement.Create Now
Why choose Zegal?
With Zegal, you can reduce legal risks and improve the efficiency of your contract workflow, allowing you to focus on your core business operations.
Our platform is flexible, scalable, and tailored to the needs of your business.
A Letter Accepting Payment in Instalments is a concise letter that accepts debt repayments from a debtor in instalments.
A Letter Accepting Payment in Instalments sets out the amount owed, as well as the date the debt has to be repaid, and is used to formalise the agreement for repayment if a business receives an offer by a debtor to pay off their debt in regular fixed amounts. This can prevent any potential legal disputes by setting out clear rules for the repayment of the debt.
A Letter Accepting Payments in Instalments can reserve the right to take any legal action to recover outstanding debt. If the debtor fails to repay the debt on time, this letter can serve as evidence of the agreement.
Percentage of Ownership
Different parties or partners who get into a partnership agreement have different commitments and contributions to help the start-up scale. The partners agree to pay various capital to help the startup beforehand and these contributions then dictate the percentage of ownership that each partner gets over the business.
Division of Profit and Loss
Generally, partners agree to share the profits and losses with retrospect to the percentage of ownership. However, the division can also be equally allocated to all partners regardless of ownership stake.
Stay compliant with the Zegal template library
Zegal legal template are meticulously crafted with the precision of AI and the expertise of seasoned human lawyers, providing a unique blend of speed and reliability.
You can trust that Zegal agreements are legally sound and fully compliant with current regulations.
Using Zegal will reduce risk, save money, and improve efficiency. Let us take care of the paperwork so you can focus on running your business.
Don’t compromise on speed or compliance. Stay secure, compliant, and efficient with Zegal.
Choose from 1000+ legal templates and draft contracts with ease and confidence.
Contract and document management made easy.