The Payment Plan Settlement Agreement is a crucial document used in the United Arab Emirates when parties need to formalize arrangements for settling outstanding debts through structured installments. This document is particularly relevant in the UAE business environment where post-dated checks and payment plans are common practice for debt settlement. The agreement combines elements of UAE Civil Law (Federal Law No. 5 of 1985) and Commercial Law (Federal Law No. 18 of 1993) to create a legally binding framework for debt settlement. It's commonly used during financial restructuring, dispute resolution, or when businesses or individuals need to negotiate payment terms for existing obligations. The document typically includes detailed payment schedules, security mechanisms, and default provisions that are specifically tailored to be enforceable under UAE law.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the creditor and debtor with full legal names and addresses
2. Background: Details of the original debt, any existing agreements, and circumstances leading to this settlement
3. Definitions: Defined terms used throughout the agreement
4. Settlement Amount: Clear statement of the total amount being settled, including any discount if applicable
5. Payment Terms: Detailed payment schedule including amounts, dates, and payment methods
6. Representations and Warranties: Statements by both parties regarding their capacity and authority to enter into the agreement
7. Default Provisions: Consequences of missing payments and remedies available to the creditor
8. Release: Terms of release from original debt upon completion of payment plan
9. Governing Law and Jurisdiction: Specification of UAE law and relevant courts
10. Notices: Method and addresses for formal communications between parties
11. Execution: Signature blocks and execution requirements
1. Security Provisions: Include when additional security such as post-dated checks or guarantees are provided
2. Guarantee: Include when a third-party guarantor is involved in securing the payments
3. Confidentiality: Include when parties wish to keep the settlement terms private
4. Assignment: Include when either party needs the right to assign the agreement
5. Force Majeure: Include when parties want specific provisions for unforeseen circumstances
6. Early Payment Provisions: Include when early payment discounts or options are offered
7. Debt Acknowledgment: Include when formal acknowledgment of the original debt is required for legal purposes
1. Payment Schedule: Detailed breakdown of payment installments with dates and amounts
2. Original Debt Documentation: Copies of original contracts or invoices evidencing the debt
3. Security Documents: Copies of post-dated checks, guarantee documents, or other security instruments
4. Bank Account Details: Payment account information for both parties
5. Power of Attorney: If applicable, authorization documents for signatories
Relevant legal definitions
Agreement
Business Day
Confidential Information
Creditor
Debtor
Default Event
Default Interest
Due Date
Effective Date
Final Payment Date
Governing Law
Guarantor
Initial Payment
Installment Amount
Original Debt
Outstanding Balance
Payment Schedule
Post-Dated Checks
Release Date
Security
Settlement Amount
Settlement Period
UAE
Working Hours
Business Day
Confidential Information
Creditor
Debtor
Default Event
Default Interest
Due Date
Effective Date
Final Payment Date
Governing Law
Guarantor
Initial Payment
Installment Amount
Original Debt
Outstanding Balance
Payment Schedule
Post-Dated Checks
Release Date
Security
Settlement Amount
Settlement Period
UAE
Working Hours
Clauses
Acknowledgment of Debt
Amendment
Assignment
Confidentiality
Default
Entire Agreement
Force Majeure
Further Assurance
Governing Law
Interest
Jurisdiction
Notices
Payment Terms
Post-Dated Checks
Release
Representations and Warranties
Security
Severability
Settlement Terms
Termination
Third Party Rights
Waiver
Amendment
Assignment
Confidentiality
Default
Entire Agreement
Force Majeure
Further Assurance
Governing Law
Interest
Jurisdiction
Notices
Payment Terms
Post-Dated Checks
Release
Representations and Warranties
Security
Severability
Settlement Terms
Termination
Third Party Rights
Waiver
Relevant Industries
Banking & Finance
Real Estate
Construction
Retail
Manufacturing
Trading
Professional Services
Healthcare
Education
Hospitality
Technology
Transportation & Logistics
Relevant Teams
Legal
Finance
Credit Control
Collections
Accounts Receivable
Treasury
Risk Management
Compliance
Commercial Operations
Contract Administration
Relevant Roles
Chief Financial Officer
Finance Director
Credit Controller
Collections Manager
Accounts Receivable Manager
Legal Counsel
Commercial Director
Treasury Manager
Risk Manager
Financial Controller
Business Development Manager
Contract Manager
Debt Recovery Specialist
Compliance Officer
Find the exact document you need
After Settlement Agreement
A UAE law-governed agreement documenting final settlement terms between parties following dispute resolution, including payment terms and mutual releases.
find out more
Standard Divorce Agreement
UAE-compliant divorce agreement outlining terms of marriage dissolution and post-divorce arrangements under UAE Personal Status Law.
find out more
Workplace Settlement Agreement
A UAE-compliant legal agreement that documents mutually agreed terms for resolving employment disputes or terminating employment relationships.
find out more
Settlement Agreement And Release Of Claims
UAE law-governed agreement that documents settlement terms and mutual release of claims between parties, providing finality to disputes.
find out more
Labor Settlement Agreement
A UAE-law governed agreement documenting the mutual termination of employment and settlement of all related dues and obligations between employer and employee.
find out more
Constructive Dismissal Settlement Agreement
UAE-governed settlement agreement resolving constructive dismissal claims between employer and employee, outlining compensation terms and mutual releases.
find out more
Consent Decree Divorce
A mutual consent divorce agreement compliant with UAE Personal Status Law, documenting agreed terms for marriage dissolution under UAE jurisdiction.
find out more
Standard Settlement Agreement
UAE-governed agreement that formalizes dispute resolution between parties, outlining settlement terms and mutual releases in compliance with UAE law.
find out more
Legal Divorce Agreement
A UAE-governed legal agreement formalizing divorce terms, asset division, and post-divorce arrangements under UAE Personal Status Law and related legislation.
find out more
Unfair Dismissal Settlement Agreement
UAE-governed settlement agreement resolving unfair dismissal claims between employer and employee, outlining settlement terms and mutual releases under UAE Labor Law.
find out more
Tripartite Settlement Agreement
A UAE law-governed agreement facilitating settlement between three parties, establishing terms, obligations, and mutual releases.
find out more
Termination And Settlement Agreement
A UAE law-governed agreement documenting employment termination terms, settlements, and mutual releases between employer and employee.
find out more
Settlement Agreement Payment Terms
UAE-governed agreement outlining structured payment terms and conditions for settling financial obligations between parties.
find out more
Settlement Agreement Payment Plan
A UAE law-governed agreement structuring debt repayment through scheduled installments, outlining payment terms and enforcement mechanisms.
find out more
Settlement Agreement Between Landlord And Tenant
A UAE law-governed agreement that resolves disputes between landlords and tenants, detailing settlement terms and mutual obligations in accordance with local property regulations.
find out more
Mutual Divorce Settlement Agreement
A UAE law-governed agreement documenting mutually agreed divorce terms between spouses, compliant with UAE Personal Status Law and relevant amendments.
find out more
Marital Agreement Divorce
UAE-governed divorce agreement outlining terms of marriage dissolution, asset division, and family arrangements under UAE Personal Status Law.
find out more
Division Agreement
UAE-governed agreement for dividing a company into separate entities, detailing the allocation of assets, liabilities, and obligations.
find out more
Compromise Agreement Payment
A UAE-governed agreement documenting settlement payment terms and mutual releases between employer and employee, compliant with UAE labor laws.
find out more
Binding Settlement Agreement
A UAE law-governed agreement that formally documents the settlement terms between disputing parties, creating legally binding obligations for all involved.
find out more
Work Settlement Agreement
A UAE-compliant agreement that formalizes employment termination and settles all related matters between employer and employee under UAE Labor Law.
find out more
Inheritance Settlement Agreement
A UAE-compliant legal agreement documenting the agreed distribution of inherited assets among heirs and beneficiaries, subject to UAE Federal Laws and applicable Sharia principles.
find out more
Divorce Property Division Agreement
UAE-governed agreement detailing the division of matrimonial property between divorcing spouses, compliant with UAE Personal Status Law and applicable civil/Sharia principles.
find out more
Amicable Settlement Agreement
A UAE law-governed agreement documenting mutually agreed terms to resolve disputes between parties without court intervention.
find out more
Accident Agreement Between Two Parties
A UAE-law governed agreement that documents settlement terms and liability between two parties involved in an accident, including compensation and mutual releases.
find out more
Property Settlement Agreement After Divorce
A UAE-compliant legal agreement detailing the division of property and assets between divorcing spouses, governed by UAE Personal Status Law and property regulations.
find out more
Employee Settlement And Release Agreement
UAE-governed agreement documenting employment termination terms, settlement payments, and mutual releases between employer and employee.
find out more
Pre Divorce Settlement Agreement
A UAE-governed agreement establishing mutually agreed terms between spouses prior to divorce proceedings, compliant with UAE Personal Status Law and Sharia principles where applicable.
find out more
Post Divorce Settlement Agreement
A UAE-governed agreement that formalizes post-divorce arrangements between former spouses, including asset division, financial settlements, and ongoing obligations.
find out more
Land Dispute Settlement Agreement
A UAE law-governed agreement that formally resolves land-related disputes between parties, establishing binding settlement terms in accordance with federal and emirate-level property regulations.
find out more
Family Property Settlement Agreement
A UAE law-governed agreement that formalizes the division and settlement of property between family members, typically during divorce proceedings.
find out more
Resignation Settlement Agreement
A UAE law-governed agreement documenting the terms and conditions of an employee's voluntary resignation and final settlement, including all financial entitlements and mutual releases.
find out more
Trademark Settlement Agreement
UAE-governed agreement resolving trademark disputes between parties, setting terms for trademark usage and mutual obligations under UAE Federal trademark law.
find out more
Settlement Waiver And Release Agreement
A UAE law-governed agreement documenting settlement terms and mutual releases between parties, including payment obligations and comprehensive waiver of claims.
find out more
Settlement Agreement Between Employee And Employer
A UAE law-governed agreement documenting settlement terms and mutual release of claims between employer and employee, compliant with UAE Labor Law.
find out more
Lien Settlement Agreement
UAE-governed agreement establishing terms for settling and releasing a lien between creditor and debtor, compliant with UAE Federal laws and local property regulations.
find out more
Marital Property Settlement Agreement
UAE-governed agreement detailing the division of marital property between spouses, compliant with UAE Personal Status Law and Sharia principles.
find out more
General Mutual Release
A UAE-law governed agreement where parties mutually release each other from claims and liabilities, providing a comprehensive settlement of disputes.
find out more
Extrajudicial Agreement
A UAE-compliant extrajudicial agreement for resolving disputes and establishing binding obligations outside the court system.
find out more
Civil Settlement Agreement
A UAE-law governed agreement documenting settlement terms between parties to resolve civil disputes, providing a legally binding framework for dispute resolution.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)