When is a letter of agreement written?

1.	When is a letter of agreement written?
Answer» Every business runs on finance. If we want that a business might be able to run on mere goodwill, then it is not possible. The letter of agreement is written when the customer is not able to repay the amount of the products brought by him, on the date of payment, so a letter is written to remind him for the same, and it is called letter of agreement. These letters can be written many times. Initially, the language used is humble, but later on, it gets a little harsh.

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