The Agreement to Pay Back Money Owed Template UK is offered in multiple formats including PDF, Word, and Google Docs, featuring editable and printable examples.
Agreement To Pay Back Money Owed Template UK Editable – PrintableSample
Agreement To Pay Back Money Owed Template UK 1. Creditor Information 2. Debtor Information 3. Loan Details 4. Payment Plan 5. Late Payment Policy 6. Prepayment Clause 7. Consequences of Default 8. Governing Law 9. Signatures and Acknowledgment 10. Declaration and Signatures
PDF
WORD
Examples
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
This agreement outlines the terms under which the Borrower agrees to repay the outstanding debt owed to the Lender, totaling [Amount], commencing on [Start Date].
The Borrower acknowledges the debt of [Amount] to the Lender. This amount includes the principal sum of [Principal Amount] and [Interest Amount] as applicable.
The Borrower agrees to repay the debt in installments of [Installment Amount], to be paid on [Payment Schedule, e.g., monthly, bi-weekly]. The first payment is due on [First Payment Date].
If the Borrower fails to make a payment within [Grace Period, e.g., 5 days] of the due date, the full amount outstanding will become immediately due and payable at the Lender’s discretion.
In the event of a default on payment, the Borrower agrees to pay interest on the overdue amount at a rate of [Interest Rate] per annum, starting from the due date until full repayment is made.
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
This agreement serves to document the Borrower’s commitment to repay the total sum owed to the Lender, which is [Amount], with the aim of fostering transparency and accountability regarding the payment process.
The Borrower recognizes the total amount owed to the Lender as [Total Amount], which includes any accrued interest and fees agreed upon by both parties.
The Borrower shall make monthly payments of [Monthly Payment Amount] by the [Due Date, e.g., 15th of each month], commencing on [Start Date].
In case of non-payment beyond [Grace Period], the Borrower shall be liable to pay additional fees amounting to [Late Fee Amount] for each missed payment.
The Borrower agrees to provide written confirmation of each payment made, which will be acknowledged by the Lender to maintain an accurate record of transactions.
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales], and any disputes shall be resolved through mediation prior to initiating legal proceedings.
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
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