Attachment A Past Due Payment Agreement - Sample - South Carolina

What Is Attachment A?

This is a legal form that was released by the South Carolina Department of Disabilities and Special Needs - a government authority operating within South Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a past due payment agreement?
A: A past due payment agreement is a written agreement between two parties that outlines a plan to resolve outstanding payments.

Q: Why would someone enter into a past due payment agreement?
A: Someone may enter into a past due payment agreement to avoid further legal action or penalties, and to establish a mutually acceptable plan for repayment.

Q: Who can enter into a past due payment agreement?
A: Both the party who owes the payment and the party who is owed the payment can enter into a past due payment agreement.

Q: Is a past due payment agreement legally binding?
A: Yes, a past due payment agreement is a legally binding document once both parties have agreed to its terms and have signed it.

Q: What should be included in a past due payment agreement?
A: A past due payment agreement should include the names and contact information of both parties, the amount owed, a clear payment schedule, and any additional terms or conditions agreed upon.

Q: What happens if one party fails to follow the past due payment agreement?
A: If one party fails to follow the past due payment agreement, the other party may take legal action to enforce the agreement or seek further remedies as outlined in the agreement.

Q: Can a past due payment agreement be modified?
A: Yes, a past due payment agreement can be modified if both parties agree to the changes and the modifications are documented in writing.

Q: Is it recommended to consult a legal professional when creating a past due payment agreement?
A: It is generally recommended to consult a legal professional when creating a past due payment agreement, especially if the amount owed is significant or if there are complex legal considerations involved.