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A demand letter for payment is a notice that requests payment from a debtor for an amount owed by a specific date, serving as a final warning before legal action. It is important to send a demand letter to notify the debtor, record the reason for payment, inform of the amount owed, set a due date, express the demand in writing, and potentially offer a reduced settlement. A free and official template for a demand letter can be obtained to ensure compliance with legal requirements.
