Agreement To Pay Back Money Owed Template

You can open the Agreement To Pay Back Money Owed Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Agreement To Pay Back Money Owed Template

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Agreement To Pay Back Money Owed Template (1)
Between:
[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
And:
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
Introduction:
This document formalizes the agreement to repay the amount of [Amount] owed to the Creditor by the Debtor, with specific terms and conditions outlined herein.
Clause 1: Amount Owed
The Debtor acknowledges that they owe the Creditor a total of [Amount] as of [Date].
Clause 2: Repayment Schedule
The Debtor agrees to repay the total amount owed in installments as follows: [Specify installment amounts and due dates].
Clause 3: Interest
If applicable, interest shall accrue on the outstanding balance at the rate of [Interest Rate]% per annum, calculated from [Date] until the amount is paid in full.
Clause 4: Late Payments
In the event of a late payment, the Debtor agrees to pay a late fee of [Late Fee Amount] for each installment not received within [Number of Days] days of the due date.
Clause 5: Default
If the Debtor defaults on this agreement, the Creditor may demand the full remaining balance immediately due and payable.
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Creditor]
[Name of the Creditor]
[Signature of the Debtor]
[Name of the Debtor]
Agreement To Pay Back Money Owed Template (2)
Between:
[Name of the Creditor]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
And:
[Name of the Debtor]
[Debtor’s ID]
[Debtor’s Address]
Introduction:
This agreement outlines the terms under which the Debtor will repay the Creditor the sum of [Amount], which is owed as of [Date].
Clause 1: Acknowledgment of Debt
The Debtor acknowledges the debt of [Amount] due to the Creditor and agrees to the terms of this repayment agreement.
Clause 2: Payment Plan
The Debtor agrees to repay the total amount in [Number of Installments] installments of [Installment Amount], due on the following dates: [Specify payment dates].
Clause 3: Additional Charges
Should any installment remain unpaid after [Number of Days] days, the Debtor will be subject to an additional charge of [Charge Amount].
Clause 4: Right to Demand Payment
The Creditor may demand the full outstanding balance due in the event of non-payment or default.
Clause 5: Final Agreement
Both parties confirm their understanding and agreement to this document, which serves as the final and complete agreement regarding this debt.
Signed in [City], [Date].
Sincerely,
[Signature of the Creditor]
[Name of the Creditor]
[Signature of the Debtor]
[Name of the Debtor]

Form

Please complete the form below to create the Agreement To Pay Back Money Owed Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Agreement To Pay Back Money Owed Template

1. Debtor Information


2. Creditor Information


3. Loan Details


4. Payment Schedule

5. Interest Rate (if applicable)

6. Late Payment Penalties

7. Default Clauses

8. Signatures and Acceptance

9. Declaration and Signatures




PDF


WORD

Printable

Agreement To Pay Back Money Owed Template

Printable | Editable Form




Agreement To Pay Back Money Owed Template