Partial Payment Receipt for United Arab Emirates

Partial Payment Receipt Template for United Arab Emirates

A legally compliant document template designed for use in the United Arab Emirates that formally acknowledges the receipt of partial payment against a larger sum owed. This document serves as official evidence of payment under UAE Federal Laws, particularly aligned with the UAE Civil Code and Commercial Transactions Law. It includes essential elements such as party details, payment information, outstanding balance, and appropriate acknowledgments, while maintaining compliance with UAE documentation requirements for financial transactions. The template is structured to protect both payer and payee interests while providing clear evidence of partial debt settlement.

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What is a Partial Payment Receipt?

The Partial Payment Receipt Template is a crucial document used in UAE business transactions when a partial payment is made against a larger outstanding amount. This template is designed in accordance with UAE Federal Law No. 5 of 1985 (Civil Code) and Federal Law No. 18 of 1993 (Commercial Transactions Law), ensuring legal validity and enforceability. It serves as official documentation of partial payment receipt while preserving the rights of the payee to collect the remaining balance. The document is particularly important in the UAE business environment where installment payments and partial settlements are common across various sectors. It includes all necessary elements required by UAE law for payment documentation, such as party details, payment amounts, outstanding balance, and formal acknowledgment. The template provides protection for both parties by clearly documenting the transaction and maintaining a record of the remaining obligation.

What sections should be included in a Partial Payment Receipt?

1. Receipt Information: Date, location, and unique reference number of the receipt

2. Payer Details: Full name, address, and contact information of the person/entity making the payment

3. Payee Details: Full name, address, and contact information of the person/entity receiving the payment

4. Payment Details: Amount paid, payment method, currency, and date of payment

5. Original Debt Information: Total amount owed, reference to original agreement/invoice, and remaining balance after this payment

6. Acknowledgment: Clear statement acknowledging receipt of the partial payment

7. Legal Declaration: Statement that this receipt does not constitute full settlement and preserves rights for remaining balance

What sections are optional to include in a Partial Payment Receipt?

1. Payment Schedule Reference: Include when payment is part of an agreed installment plan or schedule

2. Security Details: Add when partial payment is secured by any form of collateral or guarantee

3. Currency Exchange Details: Include when payment involves foreign currency conversion

4. Purpose of Payment: Add when payment needs to be allocated to specific invoices or purposes

5. Witness Section: Include when additional verification of payment is required

6. Special Conditions: Add when there are specific conditions or terms attached to the partial payment

What schedules should be included in a Partial Payment Receipt?

1. Payment Breakdown: Detailed breakdown of the payment if it covers multiple invoices or items

2. Outstanding Balance Schedule: Detailed listing of remaining amounts owed and their due dates

3. Supporting Documents: List of relevant documents referenced in the receipt (original invoices, agreements, etc.)

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

Invoice Form

Sector

Sales

Cost

Free to use
Relevant Industries

Real Estate

Construction

Retail

Professional Services

Manufacturing

Trading

Healthcare

Education

Hospitality

Financial Services

Technology

Consulting

Import/Export

Logistics

Relevant Teams

Finance

Accounts Receivable

Accounts Payable

Treasury

Legal

Administration

Compliance

Credit Control

Sales Administration

Project Administration

Relevant Roles

Finance Manager

Accounts Receivable Specialist

Accounts Payable Specialist

Financial Controller

Accounting Manager

Treasury Manager

Credit Controller

Collections Officer

Business Owner

General Manager

Administrative Officer

Company Secretary

Legal Counsel

Compliance Officer

Sales Manager

Project 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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