Van Nuys, CA asked in Family Law and Contracts for California

Q: Is there any legal form that 2 parties can sign regarding ' a a 50% 0 of o1 payment payment once once received received

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1 Lawyer Answer
James L. Arrasmith
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  • Sacramento, CA
  • Licensed in California

A: Yes, there is a legal form that two parties can sign to formalize an agreement regarding a 50% payment upon receipt of payment. This type of agreement is commonly referred to as a payment or installment agreement. It typically outlines the terms and conditions of the payment arrangement, including the amount, timing, and method of payment. To ensure the agreement is legally binding and enforceable, it is advisable to consult with an attorney who can draft or review the specific terms and customize the agreement based on your needs and jurisdiction. By having a signed agreement, both parties have a clear understanding of their obligations, which can help prevent disputes and provide a framework for resolving any potential issues that may arise.

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