Home Legal Projects New York Draft a Repayment Agreement in New York | 3 Proposals

How a Consumer Hired a Lawyer to Draft 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 draft a Repayment Agreement. The client received 3 lawyer proposals with flat fee bids ranging from $800 to $1,295.

Service type
Draft
Document type
Repayment Agreement
Location
New York
Client type
Personal
Client industry
-
Deadline
Less than a week
Pricing Range
$800 - $1,295 (Flat fee)
Number of Bids
3 bids

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

For this project, the client received 3 proposals from lawyers to draft a Repayment Agreement in New York, with flat fee bids ranging from $800 to $1,295 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.

MOU or contract among 3 collaborative siblings related to parents' estate

5.0

"I had a very positive experience working with Dan. Very responsive, easy to communicate with - generally smooth and good experience all around!"

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Repayment Agreement
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Project Description

In 2024, a personal client in New York sought assistance in drafting a repayment agreement among three siblings regarding the management of their mother's estate. With the mother incapacitated and a will already in place, the client, who holds Power of Attorney, aimed to create a formal contract to clarify the current situation and establish terms for asset distribution while ensuring their mother's financial needs remained a priority. The supportive and collaborative nature of the family was highlighted, although extenuating circumstances prompted this unusual arrangement. As a result, the client received three proposals from licensed lawyers, with flat fee bids ranging from $800 to $1,295, all submitted to meet the client's requested deadline of less than one week.

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Lawyers that Bid on this Repayment Agreement Project

Business and Real Estate Atttorney

(158)

30 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$500/h

Principal

(332)

39 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$450/h

Attorney

(136)

21 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$500/h

Other Lawyers that Help with New York Projects

Partner

(10)

9 years practicing

Free consultation

Get Free Proposal
$350/h

Founder & CEO

(20)

8 years practicing

Free consultation

Business Issue
Get Free Proposal
$500/h

Attorney

(1)

28 years practicing

Free consultation

Get Free Proposal
$125/h

Corporate & M&A | Venture Capital, Private Equity & Web3 Counsel | Real Estate Transactions

(201)

10 years practicing

Free consultation

Get Free Proposal
$300/h

Other Lawyers that Help with Repayment Agreement Projects

Attorney

(61)

7 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$300/h

Attorney

(33)

5 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$400/h

Attorney

(1)

12 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$250/h

Managing Attorney

(10)

16 years practicing

Free consultation

Repayment Agreement
Get Free Proposal
$350/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.

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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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