Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Payment Plan Arrangement Letter
"I need a Payment Plan Arrangement Letter for a retail customer who owes $25,000 and wants to pay in monthly installments over 24 months starting from March 2025, with a 5% late payment fee."
1. Date and Address Block: Formal letter heading with date and recipient details including reference number
2. Subject Line: Clear indication that this is a Payment Plan Arrangement Letter
3. Outstanding Amount Declaration: Statement of the total outstanding amount and its origin
4. Payment Plan Terms: Detailed outline of payment schedule, amounts, and payment method
5. Duration and Timeline: Clear statement of when the plan starts and ends
6. Acknowledgment: Space for both parties to acknowledge and agree to the terms
1. Late Payment Terms: Additional terms and consequences for late payments
2. Interest Calculations: Details of any interest charges on outstanding amounts
3. Early Payment Options: Terms for early payment including any applicable discounts
4. Default Provisions: Consequences and procedures in case of payment default
5. Dispute Resolution: Process for handling disputes related to payments
1. Schedule A - Payment Schedule: Detailed calendar showing payment dates and amounts
2. Schedule B - Statement of Account: Current outstanding balance and breakdown of debt
3. Schedule C - Payment Methods: Detailed payment instructions and bank account information
4. Appendix 1 - Direct Debit Authorization Form: Form for setting up automatic payments (if applicable)
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.