Washington Payment Agreement is an agreement between two or more parties in which one agrees to pay the other a sum of money in a timely manner. This type of arrangement is often used to facilitate the payment of taxes, debt, or other obligations. It is also commonly used to resolve disputes between parties without the need for costly litigation. The Washington Payment Agreement is legally binding and must be followed by all parties involved in order to avoid any penalties or legal repercussions. It can be drafted by either a lawyer or non-lawyer and typically includes details such as the amount of money to be paid, payment dates, interest rates, and any other terms and conditions. There are two main types of Washington Payment Agreement: Voluntary Payment Agreement and Compromise Payment Agreement. A Voluntary Payment Agreement is an agreement between two parties in which one agrees to pay the other a predetermined sum of money in exchange for a release of liability or other consideration. A Compromise Payment Agreement is an agreement between two parties in which one agrees to pay the other a predetermined sum of money in exchange for a reduction in the amount owed or other consideration.