The Acknowledgement Of Payment Received Letter is a crucial business document used in the United Arab Emirates to formally confirm the receipt of payments for goods, services, or other obligations. This document is particularly important in the UAE business environment, where formal documentation of financial transactions is heavily emphasized and required for legal and regulatory compliance. It serves multiple purposes: providing legal evidence of payment, supporting accounting records, and fulfilling audit requirements. The document must comply with UAE Federal Laws, including the Civil Code (Federal Law No. 5 of 1985) and Commercial Transactions Law (Federal Law No. 18 of 1993). It typically includes detailed payment information, transaction references, and must be properly signed and stamped when used in a corporate context. The acknowledgment can be crucial for both parties in establishing clear records of financial transactions and preventing future disputes.

1. Letterhead and Date: Official letterhead of the receiving party and current date of the acknowledgment

2. Recipient Details: Full name and address of the paying party

3. Subject Line: Clear indication that this is an acknowledgment of payment received

4. Payment Details: Specific amount received, currency, date of receipt, and payment method

5. Transaction Reference: Reference numbers, invoice numbers, or other relevant transaction identifiers

6. Purpose of Payment: Clear statement of what the payment was for

7. Confirmation Statement: Explicit acknowledgment that payment has been received in full satisfaction

8. Signature Block: Authorized signatory details, signature, and company stamp if applicable