Letter Of Promissory Note For Tuition Fee for United Arab Emirates

Letter Of Promissory Note For Tuition Fee Template for United Arab Emirates

A legally binding financial instrument used in the United Arab Emirates that documents a formal promise to pay tuition fees to an educational institution. This document, governed by UAE Federal Law No. 18 of 1993 (Commercial Transactions Law) and relevant education regulations, serves as a security instrument for educational institutions while providing a structured payment commitment for students or their sponsors. The document includes specific payment terms, student details, institution information, and can be enforced through UAE courts if payment obligations are not met.

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What is a Letter Of Promissory Note For Tuition Fee?

The Letter Of Promissory Note For Tuition Fee is a critical document used in the United Arab Emirates' education sector when students or their sponsors need to formalize a commitment to pay tuition fees. This document is particularly relevant when educational institutions require payment security or when establishing installment payment arrangements. Governed by UAE Federal Law No. 18 of 1993 and educational regulations, it serves as both a promise to pay and a security instrument that can be legally enforced. The document typically includes detailed payment schedules, student and guarantor information, and specific terms regarding the educational services being provided. It's commonly used in private schools, universities, and professional training institutions across the UAE, offering legal protection to educational institutions while providing students with clearly documented payment terms.

What sections should be included in a Letter Of Promissory Note For Tuition Fee?

1. Date and Place of Execution: Specific date and location where the promissory note is executed, which is crucial for enforcement and limitation periods

2. Promissor Details: Full legal name, Emirates ID number, passport number, and contact details of the person making the promise to pay

3. Beneficiary Details: Full legal name and details of the educational institution to whom the payment is promised

4. Promise to Pay Statement: Clear, unconditional promise to pay with the specific amount written in both numbers and words

5. Payment Details: Specific date or dates when the payment(s) will be made, including installment schedule if applicable

6. Purpose Statement: Clear statement that the promissory note is for tuition fees, specifying the academic year/semester

7. Consideration Statement: Statement acknowledging that the promise is made in consideration of educational services

8. Signature Block: Space for promissor's signature, with witness provisions if required

What sections are optional to include in a Letter Of Promissory Note For Tuition Fee?

1. Guarantor Details: Used when a third party (such as a parent or sponsor) is guaranteeing the payment

2. Late Payment Provisions: Include when specific penalties or interest for late payment need to be documented

3. Currency Specification: Include when the payment might involve international students or cross-border transactions

4. Jurisdiction Clause: Include when there might be international elements or specific emirate jurisdiction needs to be specified

What schedules should be included in a Letter Of Promissory Note For Tuition Fee?

1. Payment Schedule: Detailed breakdown of installment amounts and due dates if payment is to be made in multiple installments

2. Course Details: Specification of the educational program, course, or semester for which the tuition is being promised

3. Identity Documents: Copies of relevant ID documents of the promissor and/or guarantor

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Promissory Note

Sector

Banking

Cost

Free to use
Relevant Industries

Education

Higher Education

Professional Training

Financial Services

Corporate Training

International Education

Private Education

Relevant Teams

Legal

Finance

Admissions

Registration

Student Affairs

Administration

Compliance

Collections

Academic Administration

Relevant Roles

Finance Manager

Registrar

Admissions Officer

Legal Counsel

Education Administrator

Bursar

Financial Controller

Student Accounts Manager

Enrollment Manager

Compliance Officer

Administrative Director

Collections Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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