A repayment agreement is for a debt that already exists — money lent, a shared bill covered, a deposit fronted — where you now want a clear plan to settle it.
What to pin down
- The amount owed — the agreed total, as of today.
- The schedule — a single date, or instalments (e.g. "$100 on the 1st of each month until paid").
- The method — how payments will be made.
- Missed payments — what happens, and how you’ll handle a hiccup.
Putting it in writing does two things: it confirms the amount you both agree on, and it converts a vague promise into a plan with dates. That’s far easier to follow — and far easier to talk about — than an open-ended "soon."
Sign it together
Both people review the plan and e-sign. You each keep a copy, so the schedule is the shared source of truth.