{"id":10130,"date":"2022-04-04T01:46:15","date_gmt":"2022-04-03T17:46:15","guid":{"rendered":"https:\/\/zegal.com\/letter-accepting-payments-in-instalments\/"},"modified":"2024-08-20T13:57:39","modified_gmt":"2024-08-20T05:57:39","slug":"letter-accepting-payments-in-instalments","status":"publish","type":"page","link":"https:\/\/zegal.com\/en-nz\/letter-accepting-payments-in-instalments\/","title":{"rendered":"Letter Accepting Payments in Instalments"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zegal.com\/en-nz\/letter-accepting-payments-in-instalments\/#Percentage_of_Ownership\" >Percentage of Ownership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zegal.com\/en-nz\/letter-accepting-payments-in-instalments\/#Division_of_Profit_and_Loss\" >Division of Profit and Loss<\/a><\/li><\/ul><\/nav><\/div>\n<p>A <strong>Letter Accepting Payment in Instalments<\/strong> is a concise letter that accepts debt repayments from a debtor in instalments.<\/p>\n<p>A <strong>Letter Accepting Payment in Instalments<\/strong> 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.<\/p>\n<p>A <strong>Letter Accepting Payments in Instalments<\/strong> 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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Percentage_of_Ownership\"><\/span>Percentage of Ownership<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Division_of_Profit_and_Loss\"><\/span>Division of Profit and Loss<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":[13559],"meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":1,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","inline_featured_image":false,"footnotes":""},"usecases":[13690],"class_list":["post-10130","page","type-page","status-publish","hentry","template-debts-and-disputes","usecases-chase-late-payments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Letter Accepting Payments in Instalments | Zegal<\/title>\n<meta name=\"description\" content=\"A Letter Accepting Payment in Instalments is a letter that accepts debt repayments from a debtor in instalments. 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