Home Legal Projects New York Review a Repayment Agreement in New York | 5 Proposals

How a Consumer Hired a Lawyer to Review a Repayment Agreement in New York

See real project results from ContractsCounsel's legal marketplace — this project was posted by a consumer in New York seeking help to review a Repayment Agreement. The client received 5 lawyer proposals with flat fee bids ranging from $450 to $1,900.

Service type
Review
Document type
Repayment Agreement
Location
New York
Client type
Personal
Client industry
-
Deadline
A week
Pricing Range
$450 - $1,900 (Flat fee)
Number of Bids
5 bids
Pages
3 pages

How much does it cost to Review a Repayment Agreement in New York?

For this project, the client received 5 proposals from lawyers to review a Repayment Agreement in New York, with flat fee bids ranging from $450 to $1,900 on a flat fee. Pricing may vary based on the complexity of the legal terms, the type of service requested, and the required turnaround time.

Project Description

In 2023, a personal client in New York posted a project seeking assistance with updating a repayment agreement following its expiration. The client was looking for expert legal guidance on how to recover over $100,000 from a borrower who had not met the repayment terms and had become unresponsive after initial partial payments. Prioritizing an amicable resolution over court proceedings, the client sought insight into drafting a new contract that would include essential provisions such as guarantees for full payment, a death clause, and contingency plans. As a result, the client received five proposals from licensed attorneys, with flat fee bids ranging from $450 to $1,900, all submitted to meet the client's requested deadline of one week.

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Lawyers that Bid on this Repayment Agreement Project

Principal

(333)

39 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$450/h

Partner

(4)

30 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$425/h

Contract, M&A, E-Commerce Attorney; Contract Dispute and Dispute Resolution Specialists

(61)

26 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$650/h

Business and Real Estate Atttorney

(178)

30 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$500/h

Other Lawyers that Help with New York Projects

Business Lawyer

(2)

25 years practicing

Free consultation

Get Free Proposal
$350/h

Owner

(1)

45 years practicing

Free consultation

Get Free Proposal
$400/h

Attorney

(1)

43 years practicing

Free consultation

Get Free Proposal
$150/h

Litigator

(6)

28 years practicing

Free consultation

Business Issue
Get Free Proposal
$575/h

Other Lawyers that Help with Repayment Agreement Projects

Contract Attorney

(20)

32 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$250/h

Founding Attorney

(1)

5 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$350/h

Attorney

(1)

5 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$250/h

Attorney

(4)

27 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$99/h

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Forum Questions About Repayment Agreement

Repayment Agreement

California

Asked on Dec 19, 2024

Can a repayment agreement be enforced if it was made verbally and not in writing?

I recently loaned a significant amount of money to a friend in need, and we agreed on a repayment plan where they would pay me back in monthly installments. However, we did not put this agreement in writing, and it was purely a verbal agreement. Now, my friend is refusing to make the payments, and I'm wondering if I have any legal recourse to enforce the repayment agreement even though it was not formalized in writing.

Dolan W.

Answered Dec 31, 2024

I'm so sorry about your situation! My name is Dolan. The answer is yes. Under California law, a breach of contract occurs when one party fails to fulfill a legal duty the contract created and causes damages for the plaintiff. (California Civil Jury Instructions Number 303.) The measure of damages is the amount that will compensate the aggrieved party for all the detriment caused thereby or likely to result therefrom. (Cal. Civ. Code § 3300.) Parties can also seek '"specific performance" of the agreement under section 3388 of the civil code. This applies regardless of whether the agreement was written or done orally. Typically, the aggrieved party is entitled to be returned to the same position they were in before the breach. My recommendation? Consider sending a demand letter. I have a template I drafted that you can use here - https://www.contractscounsel.com/t/document-form-checkout/119 Best of luck to you! So you can send this in any way want. It can be text, email, certified mail, or in person. I usually send letters via email because it’s faster and cheaper.

Read 1 attorney answer>

Repayment Agreement

Massachusetts

Asked on Jun 25, 2024

Can a repayment agreement be enforced if there was no written contract or agreement?

I recently borrowed a significant sum of money from a friend to cover some unexpected medical expenses. We agreed verbally that I would repay the loan in monthly installments over a period of one year, but there was no written contract or agreement. Unfortunately, due to unforeseen circumstances, I am now facing financial hardship and am unable to make the agreed-upon payments. My friend is threatening legal action to recover the loan. Can they enforce the repayment agreement even though there is no written contract?

Laura H.

Answered Jun 28, 2024

If the final payment was scheduled for more than one year after the agreement was made, Massachusetts law generally requires a written document. Texts or emails are considered writings that may be used to fulfill this requirement. However, there may be an exception if the parties began performance. A local attorney can review the evidence to provide specific advice.

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