Document background
The Voluntary Payment Agreement serves as a formal framework for documenting and managing voluntary payment arrangements in England and Wales. This document is particularly useful when parties wish to establish a clear, legally-enforceable structure for payments that are being made voluntarily, rather than under legal obligation. It can be used in various contexts, from personal arrangements to business settlements, and includes essential details such as payment schedules, terms, and conditions. The agreement helps prevent future disputes by clearly documenting the voluntary nature of the payments and the agreed terms.
