LEGAL SERVICES PAYMENT PLAN AGREEMENT

I. THE PARTIES. This Legal Services Payment Plan Agreement (“Agreement”) dated
__________________, 20____, is by and between:

Attorney: __________________, with a mailing address of __________________, City of

__________________, State of __________________, Zip _________ (“Creditor”), and

Client: __________________, with a mailing address of __________________, City of

__________________, State of __________________, Zip _________ (“Debtor”).

HEREINAFTER, the Debtor and Creditor (“Parties”) agrees to the following:

II. BALANCE. At the time of this Agreement, the Debtor owes the Creditor the amount of
__________________ Dollars ($_________) (“Current Balance”) for legal services.

III. DISCOUNTED BALANCE. In consideration of the Debtor’s faith to repay the Current Bal-
ance in this Agreement, the Creditor agrees to: (check one)

☐ - No Discounted Balance. The Debtor shall pay the full Current Balance (“Amount Owed”).

☐ - A Discounted Balance. The Debtor shall only be obligated to pay the discounted amount of
__________________ Dollars ($_________) ("Amount Owed"). If the Debtor should default un-
der any of the terms of this Agreement, the Debtor shall owe the Creditor the Current Balance in
addition to other penalties, fees, and any accumulated interest.

IV. REPAYMENT PLAN. To satisfy the Amount Owed, the Debtor agrees to repay the Creditor
under the following terms:

a.) Down-Payment. The Debtor shall pay: (check one)

☐ - Down-Payment of $_________.
☐ - No Down-Payment.

b.) Interest Rate. The Amount Owed shall: (check one)

☐ - Bear interest at a rate of _______________ percent (____%) compounded
annually. The rate must be equal to or less than the usury rate in the State of the
Debtor.
☐ - Not bear interest.

c.) Repayment Period. The Debtor shall re-pay the Creditor on a: (check one)
☐ - Monthly basis beginning on __________________, 20____, in the amount of
$_________ to be paid on the ____ of every month ending on
__________________, 20____ or when the Amount Owed is paid-in-full.
☐ - Bi-Weekly basis beginning on __________________, 20____, in the amount
of $_________ to be paid every fourteen (14) days ending on
__________________, 20____ or when the Amount Owed is paid-in-full.

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 ☐ - Weekly basis beginning on __________________, 20____, in the amount of
$_________ to be paid every seven (7) days ending on __________________,
20____ or when the Amount Owed is paid-in-full.
☐ - Other. _______________________________________________________.

d.) Payment Instructions. The Debtor is required to pay the Creditor under the following in-
structions: _____________________________________________________________.

V. LATE PAYMENT. Any partial or late payment under this Agreement shall: (check one)

☐ - Not be allowed and consider the Debtor in default.

☐ - Allow the Debtor to make payment within ____ days provided the Debtor pays a late fee of:
___________________________________________________________ (“Extension Period”).
If payment is not made within the Extension Period, this Agreement shall be in default.

VI. PREPAYMENT. The Debtor may: (check one)

☐ - Pre-pay the Amount Owed without penalty.

☐ - Not prepay the Amount Owed. If the Debtor decides to prepay the Amount Owed, the
Debtor shall pay the penalty of: __________________________________________________.

VII. CO-SIGNER. (check the appropriate box)

☐ - This Agreement shall not have a Co-Signer.

☐ - This Agreement shall have a Co-Signer known as __________________ hereinafter known

as the "Co-Signer” and agrees to the liabilities and obligations on behalf of the Debtor under the
terms of this Agreement. If the Debtor does not make a payment, the Co-Signer shall be person-
ally responsible and therefore is guaranteeing payment of the principal, late fees, and all ac-
crued interest under the terms of this Agreement. 

VIII. DEFAULT. If for any reason the Debtor should not oblige to any section or portion of this
Agreement, the Debtor shall be considered in default. Under such an event, the remaining bal-
ance of the Amount Owed shall be due within five (5) business days with the Debtor liable to
pay all reasonable attorney's fees and costs of collection of the Creditor. In addition, the Creditor
may reclaim any property or goods in connection with the Amount Owed, hold and dispose of
the same, and collect expenses, together with any deficiency due from the Debtor, subject to the
Debtor's right to redeem said items pursuant to law.

IX. GOVERNING LAW. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of ___________________ (“Governing Law”).

X. SEVERABILITY. The unenforceability or invalidity of any clause in this Agreement shall not
have an impact on the enforceability or validity of any other clause. Any unenforceable or invalid
clause shall be regarded as removed from this Agreement to the extent of its unenforceability
and invalidity. Therefore, this Agreement shall be interpreted and enforced as if it did not contain
the said clause to the extent of its unenforceability and invalidity.

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XI. ADDITIONAL TERMS & CONDITIONS.
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________ 

XII. ENTIRE AGREEMENT. This Agreement contains all the terms agreed to by the Debtor and
Creditor relating to its subject matter, including any attachments or addendums. This Agree-
ment replaces all previous discussions, understandings, and oral agreements.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the undersigned
dates written below.

Debtor’s Signature: ____________________________ Date: _________________

Print: ____________________________

Co-Signer’s Signature (if any): ____________________________ Date: _________________

Print: ____________________________

Creditor’s Signature: ____________________________ Date: _________________

Print: ____________________________

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 This Payment Agreement (the “Agreement”) is entered into ____________________ (the “Effective
Date”), by and between ________________________, with an address of
_____________________________ (the “Debtee”) and _________________, with an address of
_______________________________, (the “Debtor”), also individually referred to as “Party”, and
collectively “the Parties.”

WHEREAS, the Debtor owes the Debtee a certain debt; and

WHEREAS, the Debtee and the Debtor desire to enter into an agreement to memorialize this debt
and an associated payment plan;

NOW THEREFORE, in consideration of  the mutual promises, covenants, and conditions contained
herein, the Parties agree as follows:

1. Debt Amount. The Debtor owes the Debtee $_____________________ (the “Debt”).

2. Payment Plan. The Parties agree to the following Payment Plan.

_______________________________________________________

_______________________________________________________

_______________________________________________________

_______________________________________________________ (the “Payment Plan”)

The Debtor represents and warrants this Payment Plan was developed in such a manner that the
Debtor can make the required payments without causing further debt or detriment.  

3. Release and Indemnification. By entering into this Payment Plan, the Debtee agrees to re-
lease the Debtor from any previous claims, actions, and/or liabilities due to the Debt. The
Parties agree this Agreement does not release the Debtor of any obligations to pay the Debt.

4. Default. If the Debtor defaults on its payments and fails to cure said default within a reason-
able amount of time, the Debtee will have the option to declare the entire remaining amount
of Principal and any accrued interest, if applicable, immediately due and payable.

5. Representations and Warranties. Both Parties represent that they are fully authorized to en-
ter into this Agreement. The performance and obligations of either Party will not violate or in-
fringe upon the rights of any third party or violate any other agreement between the Parties,
individually, and any other person, organization, or business or any law or governmental reg-
ulation.

6. Severability. In the event any provision of this Agreement is deemed invalid or unenforce-
able, in whole or in part, that part shall be severed from the remainder of the Agreement and
all other provisions should continue in full force and effect as valid and enforceable. 

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 7. Waiver. The failure by either Party to exercise any right, power, or privilege under the terms
of this Agreement will not be construed as a waiver of any subsequent or future exercise of
that right, power, or privilege or the exercise of any other right, power, or privilege. 

8. Legal Fees. In the event of a dispute resulting in legal action, the successful Party will be en-
titled to its legal fees, including, but not limited to its attorneys’ fees, collection fees and the
like.

9. Legal and Binding Agreement. This Agreement is legal and binding between the Parties as
stated above. This Agreement may be entered into and is legal and binding both in the
United States and throughout Europe. The Parties each represent that they have the author-
ity to enter into this Agreement.

10. Governing Law and Jurisdiction. The Parties agree that this Agreement shall be governed by
the State and/or Country in which both Parties reside/do business. In the event that the Par-
ties reside/do business in different States and/or Countries, this Agreement shall be gov-
erned by _________ law.

11. Entire Agreement. The Parties acknowledge and agree that this Agreement represents the
entire agreement between the Parties. In the event that the Parties desire to change, add, or
otherwise modify any terms, they shall do so in writing to be signed by both Parties.

 
The Parties agree to the terms and conditions set forth above as demonstrated by their signatures
as follows:

 
Debtee

Signed: _____________________________________

Name: _____________________________________

Date: _____________________________________

 
Debtor

Signed: _____________________________________

Name: _____________________________________

Date: _____________________________________

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