If you would like to inform your client or a supplier about a change in payment terms, here is a sample template you can use to write a change in payment terms letter.
[Date]
To
[Recipient’s Name]
[Recipient’s Designation]
[Supplier’s Name]
Subject: Change in the Payment Terms
Dear [Recipient’s Name],
This is to request a change in the payment terms that we had previously discussed. We believe that such a change in terms is reasonable because [enter reasons]. Once you agree to new terms, we will be able to respond to your invoices more effectively.
As a result, it is favorable to both our organizations to arrange new payment terms. Once we have your confirmation, we can move forward with the specifics.
Also, your response will help us choose among our prospective suppliers.
We hope you consider our proposal and thank you for your time.
Yours sincerely,
[Your Name]
[Your Designation]
[Organization’s Name]
Change Of Guarantor Letter
Change In Business Address Letter
Change In Business Ownership Letter
Change In Line Manager Letter
Change In Notice Period Letter
Change Of Trustee Letter
Change In Employment Conditions Letter
Change In Engineer Of Record Letter
Change In Employee Benefits Letter
Change In Management Letter To Tenants
Change Of Research Supervisor Letter
Change In Mobile Number Letter For A Bank
Change In Rent Letter Sample
Change In Salary Account Letter
Change In Distributor Letter
