A forbearance agreement template is a specific agreement which legally signed between parties on temporary basis; well typically it is a formal agreement which use by individuals and financial institutes as a document which has accessions to postpone dues on a loan for a limited and set period of time. This situation will mainly rise when debtor may tackle with the failure of remittance, although in such circumstances the agreement will serve as an oxygen pump that help the debtor to keep up payments under the suggested timeframe. No doubt, a forbearance agreement works as an arrangement in which some…