tiktok³ÉÈ˰æ

Final Payment Agreement Letter Template for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Final Payment Agreement Letter

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Final Payment Agreement Letter

"I need a Final Payment Agreement Letter to confirm the last installment of £50,000 for a construction project, with payment scheduled for March 15, 2025, and I want to include specific release clauses protecting both parties from future claims."

Document background
The Final Payment Agreement Letter is a crucial document used when parties need to formally document the completion of payment obligations. Under English and Welsh law, this document serves multiple purposes: it confirms the final payment amount, establishes payment terms, provides evidence of settlement, and includes mutual releases from future claims. It's particularly important in commercial transactions where clear documentation of payment completion is required for audit trails and legal certainty. The letter should be carefully drafted to ensure it covers all necessary elements and complies with relevant legislation.
Suggested Sections

1. Date and Address: Full date and recipient's address details at the top of the letter

2. Reference Line: Account numbers, invoice numbers, or case references for clear identification

3. Opening Statement: Clear statement of purpose regarding final payment

4. Payment Details: Specific amount, payment method, and timing of the final payment

5. Settlement Statement: Explicit confirmation that this payment represents full and final settlement

6. Release Clause: Statement confirming release of all further claims or obligations

7. Signature Block: Space for signature, name, and title of the sender

Optional Sections

1. Payment History: Summary of previous payments and outstanding amounts where relevant

2. Interest Statement: Details of any interest calculations or charges if applicable

3. Confidentiality Clause: Statement regarding confidentiality of payment terms if required

4. Tax Implications: Statement regarding any tax considerations or requirements

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payment if made in installments

2. Statement of Account: Complete transaction history showing how final amount was calculated

3. Original Invoice Copies: Copies of relevant invoices or payment demands being settled

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions















Clauses















Industries

Law of Contract: Common law principles governing contract formation, including fundamental elements of offer, acceptance, consideration, and intention to create legal relations

Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing the right to claim interest and compensation on late commercial payments

Payment Services Regulations 2017: Regulations governing payment services, including requirements for payment service providers and protection of payment service users

Bills of Exchange Act 1882: Legislation governing negotiable instruments such as checks and promissory notes in payment arrangements

Limitation Act 1980: Law setting time limits within which legal claims must be brought, including debt claims

Consumer Credit Act 1974: Legislation regulating consumer credit agreements and protecting consumer rights in credit transactions

Consumer Rights Act 2015: Law protecting consumer rights and governing business-to-consumer contracts

Companies Act 2006: Primary legislation governing company operations and corporate transactions in the UK

Partnership Act 1890: Law governing the rights and obligations of business partnerships

Unfair Contract Terms Act 1977: Legislation restricting the use and enforcement of unfair terms in contracts

Insolvency Act 1986: Law governing insolvency proceedings and the treatment of debts in insolvency situations

Money Laundering Regulations 2017: Regulations requiring due diligence and monitoring of financial transactions to prevent money laundering

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Voluntary Payment Agreement

find out more

Written Agreement To Pay Back Money

find out more

Vehicle Sale Agreement With Payments

find out more

Third Party Payment Contract

find out more

Tenancy Agreement Payment

find out more

Settlement Agreement With Installment Payments

find out more

Sale Payment Agreement

find out more

Rental Payment Agreement Letter

find out more

Rent Repayment Agreement

find out more

Rent Payment Plan Letter

find out more

Recurring Payment Contract

find out more

Promise To Pay Agreement Letter

find out more

Promise To Pay Agreement For Vehicle

find out more

Prepayment Agreement

find out more

Preauthorised Debit Form

find out more

Personal Loan Repayment Contract

find out more

Payout Agreement

find out more

Payment Undertaking Agreement

find out more

Payment Received Agreement Letter

find out more

Payment Plan Contract For Puppies

find out more

Payment Plan Arrangement Letter

find out more

Pay Settlement Agreement

find out more

Partial Rent Payment Form

find out more

Partial Rent Payment Agreement

find out more

Partial Payment Contract

find out more

Part Payment Sale Agreement

find out more

Notary Payment Agreement

find out more

Non Refundable Payment Agreement

find out more

Motorcycle Payment Agreement

find out more

Monthly Payment Contract For Car

find out more

Money Received Agreement

find out more

Loan Repayment Agreement Employee

find out more

Loan Repayment Agreement Between Friends

find out more

Loan Deferment Agreement

find out more

Letter Of Repayment Agreement

find out more

Letter For Agreement Of Payment

find out more

Letter Of Commission Payment

find out more

Lease Payment Agreement

find out more

Joint Payment Agreement

find out more

Invoicing Agreement

find out more

House Payment Agreement

find out more

Full Payment Agreement Of Property

find out more

Final Payment Agreement Letter

find out more

Entrusted Payment Agreement

find out more

Down Payment Agreement For House

find out more

Down Payment Agreement For Car

find out more

Down Payment Agreement

find out more

Direction To Pay Agreement

find out more

Deferred Sale Agreement

find out more

Deferred Payment Contract

find out more

Deferment Agreement

find out more

Debt Acknowledgement And Repayment Agreement

find out more

Contract For Installment Payments

find out more

Cash Payment Contract

find out more

Car Payment Contract Between Friends

find out more

Car Note Contract

find out more

Car Loan Agreement Between Friends

find out more

Car Down Payment Contract

find out more

Auto Loan Contract

find out more

Agreement To Pay Rent

find out more

Agreement To Pay Form

find out more

Agreement Letter To Pay For Damages

find out more

Agreement Letter To Pay Back Money

find out more

Agreement Letter For Partial Payment

find out more

Agreement Letter For Installment Payment

find out more

Agreement To Pay Back Rent

An English law agreement documenting terms for repayment of rental arrears between landlord and tenant.

find out more

Vehicle Payment Contract

A legally binding agreement under English and Welsh law that establishes terms for vehicle financing and payment arrangements.

find out more

Contract To Pay For Services

A legally binding agreement under English and Welsh law establishing payment terms for specified services between service provider and client.

find out more

Contract For Selling A Car In Payments

An English and Welsh law agreement for the sale of a vehicle through installment payments, protecting both seller and buyer's interests.

find out more

Past Due Payment Arrangement Agreement

A legally binding agreement under English and Welsh law that structures the repayment terms for overdue payments between creditor and debtor.

find out more

Bill Of Sale Contract With Payments

A legal document under English and Welsh law that transfers ownership of personal property with structured payment terms.

find out more

Simple Repayment Agreement

A legally binding agreement under English and Welsh law that sets out terms for loan repayment between parties.

find out more

Agreement For Payment Of Money

A legally binding contract under English and Welsh law that establishes terms for monetary payment between parties.

find out more

Agreement Letter For Down Payment

A legally binding document under English and Welsh law that formalizes the terms of an advance partial payment between parties.

find out more

Vehicle Purchase Agreement With Down Payment

A legally binding agreement under English and Welsh law documenting the sale of a vehicle with an initial down payment and subsequent balance payments.

find out more

Production Payment Agreement

An English law agreement governing the rights to receive payments based on future production output in exchange for upfront capital.

find out more

Promise Of Payment Contract

A legally binding agreement under English and Welsh law that documents a promise to pay a specified sum, including payment terms and conditions.

find out more

Agreement For Installment Payment

A legally binding agreement under English and Welsh law that establishes terms for repaying a debt through scheduled installments.

find out more

Rent Payment Plan Agreement

An English and Welsh law agreement establishing a structured payment plan for rent arrears between landlord and tenant.

find out more

Earnout Agreement

A contract under English and Welsh law that structures contingent payments based on future business performance as part of an acquisition deal.

find out more

Auto Payment Agreement

A legally binding agreement under English and Welsh law that establishes terms for recurring automatic payments between parties.

find out more

Vehicle Bill Of Sale Payment Agreement

A legal document under English and Welsh law that combines vehicle sale documentation with payment terms and ownership transfer conditions.

find out more

Simple Promise To Pay Agreement

A legally binding agreement under English and Welsh law that documents a debt obligation and its repayment terms.

find out more

Purchase Agreement With Payments

A contract governed by English and Welsh law establishing terms for purchase of goods with structured payment arrangements.

find out more

Promise To Pay Rent Agreement

A legally binding agreement under English and Welsh law where a tenant formally commits to paying specified rent amounts to their landlord.

find out more

Late Payment Agreement

An English law agreement establishing new terms for overdue payment settlement between creditors and debtors.

find out more

Layaway Agreement

An English law agreement establishing terms for installment-based purchasing and storage of goods between retailer and customer.

find out more

Contract For Repayment Of Debt

An English law agreement establishing terms for debt repayment, including payment schedule and default provisions.

find out more

Repayment Contract Agreement

A legally binding agreement under English and Welsh law that establishes terms for debt repayment, including payment schedule and interest rates.

find out more

Payment Plan Settlement Agreement

A legally binding agreement under English and Welsh law that establishes structured payment terms for settling an outstanding debt.

find out more

Third Party Payment Agreement

An English law agreement establishing terms for third-party payment arrangements between parties.

find out more

Car Sale Payment Agreement

A legally binding agreement under English and Welsh law that establishes terms for vehicle sale and payment arrangements.

find out more

Private Car Sale Contract With Monthly Payments

An English and Welsh law contract for private vehicle sales with monthly payment terms.

find out more

Payment Schedule Contract

A legally binding agreement under English and Welsh law that establishes structured payment terms and schedules between parties.

find out more

Car Payment Contract

A legally binding agreement under English and Welsh law that establishes terms for vehicle financing and payment arrangements.

find out more

Letter Of Agreement For Payment Of Debt

A legally binding agreement under English and Welsh law documenting debt acknowledgment and establishing payment terms between creditor and debtor.

find out more

Debt Repayment Agreement

A formal agreement under English and Welsh law establishing terms for debt repayment between creditor and debtor.

find out more

Car Sale Contract With Payments

An English law contract governing the sale of a vehicle with structured payment terms and ownership transfer conditions.

find out more

Full Payment Agreement

A legally binding agreement under English and Welsh law that sets out terms for complete payment of a debt or obligation.

find out more

Agreement For Deposit Payment

An English law agreement setting out terms for deposit payment, including amount, purpose, and conditions for return or forfeiture.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.