The Michigan Agreement that Statement of Account is True, Correct and Settled is a legal document used to confirm that a statement of account is accurate, complete, and resolved. This agreement is typically established between two parties, commonly a vendor or service provider and a customer or client, to ensure that there are no discrepancies or disputes regarding the account balance. Keywords: Michigan Agreement, Statement of Account, True, Correct, Settled There are several types of Michigan Agreements that can be used to affirm the accuracy and settlement of a statement of account. These may include: 1. Vendor-Customer Agreement: This type of agreement is between a vendor and a customer, where the vendor provides goods or services to the customer. The agreement verifies that the statement of account provided by the vendor is true, correct, and settled according to their mutual understanding. 2. Lender-Borrower Agreement: In situations involving loans or financial transactions, a lender and a borrower may establish a Michigan Agreement to confirm the accuracy and settlement of the statement of account. This agreement ensures that both parties agree on the outstanding balance, interest rates, and any applicable fees. 3. Landlord-Tenant Agreement: When it comes to rental properties, a landlord and tenant may enter into a Michigan Agreement to verify the statement of account. This agreement confirms that the tenant's payment history is accurate, any outstanding balances have been resolved, and that the lease is settled. 4. Business-Client Agreement: This type of agreement applies when a business provides professional services to a client. It clarifies that the statement of account presented by the business is accurate, correct, and has been settled as per their agreement. Regardless of the specific type of Michigan Agreement, the common objective is to establish that the statement of account is true, correct, and has been fully settled. This legal document helps foster trust and transparency between the parties involved and reduces the likelihood of future disputes or misunderstandings. It serves as a crucial tool in maintaining financial harmony and professional relationships.