Document Type: DOCX
Number of Pages: 1
A Demand Letter for Payment of Professional Fees is a formal letter sent by a service provider (such as lawyer, accountant, engineer e.t.c) to a client who has failed to pay for services rendered.It may contain the following information:1. Service Provider’s Information:2. Client’s Information:3. Date:4. Subject Line:5. Reference to the Agreement:6. Details of the Outstanding Fees:7. Statement of Non-Payment:8. Request for Immediate Payment:9. Consequences of Non-Payment:10. Closing Remarks:11. Service Provider’s Signature:The letter serves the following purposes1. Acts as Reminder and warning2. Establishes formal communication3. Outlines consequences
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This letter is used when a party has failed to perform services as agreed in a contract, and the other party is demanding the immediate fulfillment of their obligations. Key Components: 1....