AGREEMENT TO COMPROMISE DEBT
FOR VALUE RECEIVED, the undersigned being a creditor of _
[Company] hereby enters into an agreement to compromise and
reduce the indebtedness due the undersigned on the following
terms and conditions:
1. The Company and the undersigned acknowledge that the
present debt due is $_.
2. The parties agree that the undersigned shall accept the
sum of $_ as [...]

Filed under: Agreement, acknowledge, assigns, benefit, company agreement, compromise, creditor, indebtedness, inure, monies, paragraph, personal representatives, said debt | Post a comment