How to Write a Payment Contract
- 1). Gather the information of both the buyer and seller that will be listed on the payment contract. This should be the legal names of the business or individuals entering into the agreement. Each party should supply a legal form of ID.
- 2). Visit microsoft.com and look for a payment contract template. They will offer them to download. If you choose, you can type the terms yourself without the template. It should include the total amount due, amount of the down payment, how long the balance will be paid over, and the amount and terms of the payments. This should all be agreed upon by both parties.
- 3). Sign and date the finished copy. No changes can be made after the final payment contract is signed. There should be a signature and date line for both buyer and seller, along with a witness line for a notary to sign, date, and apply the notary stamp.
- 4). Make a copy and distribute to each party involved in the contract. Make sure no changes are made after the final signatures are applied.
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