Document background
The Business To Business Collection Letter is a crucial document in Philippine commercial practice, used when one business needs to formally request payment from another business for outstanding debts or overdue invoices. This document is typically employed after initial payment reminders have been unsuccessful and before considering legal action. It must be drafted in accordance with Philippine business laws and regulations, including the Civil Code of the Philippines and the Code of Commerce. The letter should include specific details about the debt, including invoice numbers, dates, amounts, and payment history, while maintaining a professional tone that preserves business relationships. It serves as an important record of collection attempts and may be used as evidence in legal proceedings if payment disputes escalate to litigation. The document is particularly relevant in the Philippine business context where maintaining formal documentation of payment requests is essential for legal compliance and business record-keeping.
