Loans and debts · medio

Installment Payment Agreement

This installment payment agreement template is designed for use in Paraguay, with formal structure, party appearance and editable clauses. You can adapt it online before generating a professional PDF.

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Information you will replace

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Party A name Example: e.g. Juan Pérez

Party A ID Example: e.g. 1,234,567

Party B name Example: e.g. María González

Party B ID/Tax ID Example: e.g. 80012345-6

Amount Example: Total amount: e.g. Gs. 12,000,000 (twelve million guaraníes)

Date Example: e.g. 05/02/2026

INSTALLMENT PAYMENT AGREEMENT

In the city of Asunción, Republic of Paraguay, on [Date: e.g. 05/02/2026], appears on one side [Party A name: e.g. Juan Pérez], holder of ID No. [Party A ID: e.g. 1,234,567], domiciled at [Party A address: e.g. Asunción], hereinafter "PARTY A"; and on the other side [Party B name: e.g. María González], holder of ID/Tax ID No. [Party B ID/Tax ID: e.g. 80012345-6], domiciled at [Party B address: e.g. San Lorenzo], hereinafter "PARTY B". The parties state that they have sufficient capacity to bind themselves and agree to execute this private instrument, subject to the following clauses:

FIRST: PURPOSE

PARTY A and PARTY B agree to the rescheduling of a pending obligation through a payment plan accepted by both parties. This agreement shall be interpreted in good faith, according to its economic purpose and prudent Paraguayan legal practice.

SECOND: PRICE AND PAYMENT METHOD

As consideration, price, rent, contribution or economic acknowledgment, according to the nature of the act, the parties establish [Total amount: e.g. Gs. 12,000,000 (twelve million guaraníes)], payable in [Installments: e.g. 12 installments of Gs. 1,000,000]. Every payment must be documented by receipt, bank voucher or sufficient written record.

THIRD: TERM

The term or effectiveness shall be from [First installment: e.g. 06/05/2026] until cancellation of the last agreed installment. Any extension, suspension or amendment must be made in writing and physically or digitally signed by the parties.

FOURTH: OBLIGATIONS OF THE PARTIES

The DEBTOR shall pay each installment to the account or address indicated by the CREDITOR.
The CREDITOR shall suspend extrajudicial claims while the plan is complied with on time and in form.
Tolerance of late payments shall not modify the schedule unless agreed in writing.

EIGHTH: JURISDICTION

For any dispute arising from this instrument, the parties shall seek an amicable solution. If disagreement persists, they submit to the competent ordinary courts of the Republic of Paraguay, without prejudice to mandatory rules applicable by subject matter or territory.

NINTH: ACCEPTANCE

Having read this document and as evidence of agreement, the parties sign two counterparts of the same tenor and for one single effect, at the place and date indicated above.

PARTY A signature: ___________________________

PARTY B signature: ___________________________