The debtor and the creditor must join a payment agreement that benefits both parties. There are two (2) types of payment plans: the party due may assign this agreement to the party paid in writing. In the case of such an assignment, the assignee may define a new method of payment. This PDF template for confidential agreements contains some of the essential parts of the contract, such as for example. B the cause of the establishment of the agreement, the protection of the parties, the conditions and restrictions. As a small business owner, you may have a customer who won`t pay or can`t pay their debts. If a customer is slow to pay their debts, promptly send them a late notification and follow them with a call if they don`t respond. If you act quickly and relentlessly to collect debt, you improve your chances of recovery and prevent unrealized income from affecting your cash flow.