Agreement For Payment Of Money is a legally binding document that outlines the conditions under which money will be exchanged between two parties. It states the amount to be paid, the time frame for payment and the methods by which payment will be made. This agreement may also contain provisions regarding late payments, interest rates and other financial consequences of non-payment. By signing this contract, both parties agree to abide by its terms and conditions and any disputes arising from it will be settled in accordance with applicable laws.