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The Letter of Intent for Payment Arrangement is commonly used in Indonesian business contexts when parties need to establish a structured approach to settling outstanding debts or financial obligations. This document serves as a crucial intermediary step between informal discussions and a formal payment agreement, particularly useful in situations involving debt restructuring, supplier payment plans, or commercial dispute resolutions. While governed by Indonesian law, particularly the Indonesian Civil Code (KUHPerdata) and relevant financial regulations, it provides a flexible framework for parties to outline their intentions and proposed terms before committing to a binding agreement. The document typically includes details about the outstanding amount, proposed payment schedule, payment methods, and any specific conditions that will apply to the arrangement.

1. Date and Address Block: Complete date and addresses of both parties in proper business letter format

2. Subject Line: Clear indication that this is a Letter of Intent for Payment Arrangement

3. Opening Paragraph: Identification of all parties and their roles (creditor/debtor)

4. Background: Brief description of the existing debt or obligation, including original amount, date incurred, and current outstanding balance

5. Payment Terms: Detailed outline of the proposed payment arrangement, including amount, frequency, and duration of payments

6. Payment Method: Specification of acceptable payment methods and banking details

7. Timeline: Key dates including commencement date and completion date of the payment arrangement

8. Confirmation of Intent: Clear statement that this letter represents an intention to enter into a formal payment arrangement

9. Closing and Signatures: Formal closing, signature blocks for both parties