Letter of Payment Agreement

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					This Letter of Payment Agreement is an agreement between a service provider and a
company for the provision of services. This document sets forth the material terms and
conditions of the agreement including the scope of services, the fees to be paid, and
delivery of services. As drafted, the letter contains standard provisions that are
commonly included in these types of agreements. It can be customized to fit the
specific needs of the contracting parties. This document should be used by service
providers and companies that retain their services.
                                LETTER OF PAYMENT AGREEMENT

        THIS LETTER OF PAYMENT AGREEMENT (the “Agreement”), made this ___ day
of ___________, 20___, [Instruction: insert date] by and between _______________
[Instruction: insert the name of the service provider] (the “Service Provider”) and
__________ [Instruction: insert the name of the company] (the “Company”).

        WHEREAS this Agreement sets forth the intent of the Service Provider and the
Company to enter into a contractual arrangement, wherein the Company shall retain the services
of the Service Provider for the purposes of ___________________ [Instruction: describe the
purpose of the agreement] (the “Services”).

        NOWTHEREFORE the Service Provider and the Company hereby acknowledge and
agree as follows:

1.    SCOPE OF SERVICES

The Service Provider hereby agrees that it/he/she [Instruction: choose appropriate pronoun]
shall provide the following Services to the Company:

     A.  ______________________________________________________________________
       _____
     B. ______________________________________________________________________
       _____
     C. ______________________________________________________________________
       _____
         [Instruction: describe the services to be performed]

2.   FEES

     A. The Services will be performed by the Service Provider at the rate of _________
        ($______) [Instruction: insert dollar amount] per hour.
     B. Upon execution of this Agreement, the Company shall pay to the Service Provider a
        Retainer Fee (the “Retainer Fee”) in the amount of _____________ ($________)
        [Instruction: insert dollar amount] Dollars by way of cash, check, bank draft or wire
        transfer.
     C. The Company acknowledges and agrees that the Service Provider will bill the Company
        for the balance of the Services upon completion of the Services and the balance of the
        Services will be payable in full by the Company no later than _______ (___)
        [Instruction: insert number of days] days after completion.

3.   ADDITIONAL COSTS

     A. The Company and the Service Provider hereby agree that the Company shall reimburse
        the Service Provider for any out-of-pocket expenses incurred by the Service Provider in
        connection with its/his/her performance of the Services.


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    B. The Company shall reimburse the Service Provider for all out-of-pocket expenses within
       ______ (___) [Instruction: insert number of days] days of the Service Provider
       providing to the Company an invoice for such out-of-pocket expenses.

4. DELIVERY OF SERVICES

The Service Provider agrees that it shall complete the Services by the ____ day of
______________, 2______. [Instruction: insert date]

5. INDEMNIFICATION

The Company hereby agrees that it shall indemnify and hold the Service Provider harmless from
and against any and all losses, damages or liabilities which may result from or arise from the
Services, unless such losses, damages and liabilities are due to or are resulting from the gross
negligence of the Service Provider in connection with the Service Provider’s performance of the
Services.

The Company and the Service Provider hereby agree to the foregoing payment terms and
provisions as of the day and year first written above.

                                                    COMPANY

                                                    Per:

                                                    ______________________________
                                                    Name: ______________________
                                                    Title: _______________________
                                                    I have authority to bind the Company.
                                                    [Instruction: insert name and title of
                                                    individual who will sign on behalf of the
                                                    Company]

                                                    SERVICE PROVIDER

                                                    Per:

                                                    ______________________________
                                                    Name: ______________________
                                                    Title: _______________________
                                                    I have authority to bind the Service
                                                    Provider.
                                                    [Instruction: insert name and title of
                                                    individual who will sign on behalf of the
                                                    Service Provider]



© Copyright 2012 Docstoc Inc.                                                        3
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Description: This Letter of Payment Agreement is an agreement between a service provider and a company for the provision of services. This document sets forth the material terms and conditions of the agreement including the scope of services, the fees to be paid, and delivery of services. As drafted, the letter contains standard provisions that are commonly included in these types of agreements. It can be customized to fit the specific needs of the contracting parties. This document should be used by service providers and companies that retain their services.
This document is also part of a package Ultimate Collection of Business Letters 28 Documents Included