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Document Id : 6883
File Type : Microsoft Word
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USA Collection Agreement
USA small business owners, write up a Collection Agreement with this easy-to-use template.
- The terms of the Collection Agreement allow the creditor (business) to accept payment of an outstanding debt from a debtor (customer) through regular monthly payments.
- Repayment is secured by a promissory note for the outstanding balance.
- As long as the debtor continues to make the payments on time, the creditor agrees not to take any legal action against the debtor.
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