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1. Parties: Full legal names, addresses, and identification details of the creditor and debtor
2. Background: Origins of the debt, circumstances leading to this promise, and acknowledgment of the original obligation
3. Definitions: Key terms used in the agreement, including 'Due Date', 'Principal Amount', 'Payment Schedule', etc.
4. Acknowledgment of Debt: Clear statement of the exact amount owed and confirmation of the debt's validity
5. Promise to Pay: Explicit promise to pay the specified amount, including payment terms and schedule
6. Payment Terms: Detailed payment schedule, method of payment, and currency
7. Interest and Charges: Any applicable interest rates or additional charges (ensuring compliance with UAE law)
8. Default Provisions: Consequences of missing payments and remedies available to the creditor
9. Representations and Warranties: Debtor's confirmations regarding their ability to pay and the debt's validity
10. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts' jurisdiction
11. Execution: Signature blocks and execution requirements
1. Security: Details of any collateral or security provided for the debt - include when the promise is secured
2. Guarantor Provisions: Terms applying to any guarantors - include when there is a third-party guarantee
3. Early Payment Provisions: Terms for early repayment options - include when early payment is permitted
4. Force Majeure: Provisions for unforeseen circumstances affecting payment ability - include in longer-term payment arrangements
5. Assignment: Rights to assign the debt to third parties - include when debt assignment might be relevant
6. Notices: Communication procedures between parties - include in more complex arrangements
7. Costs and Expenses: Allocation of legal and enforcement costs - include when significant costs might be involved
1. Payment Schedule: Detailed breakdown of payment dates and amounts
2. Original Debt Documentation: Copies of original agreements or documents evidencing the debt
3. Security Documentation: Details and copies of any security or collateral documents
4. Guarantor Documents: Guarantor identification and commitment documents if applicable
5. Power of Attorney: If applicable, POA documentation for signing parties
Promise to Pay
Payment Terms
Interest
Default
Representations and Warranties
Security
Guarantees
Assignment
Set-Off
Notices
Severability
Entire Agreement
Amendment
Force Majeure
Governing Law
Jurisdiction
Dispute Resolution
Costs and Expenses
Waiver
Counterparts
Language
Confidentiality
Banking & Financial Services
Real Estate
Construction
Manufacturing
Retail
Trading & Distribution
Professional Services
Healthcare
Education
Hospitality
Technology
Telecommunications
Legal
Finance
Credit Control
Treasury
Risk Management
Compliance
Collections
Accounts Receivable
Commercial Operations
Corporate Governance
Chief Financial Officer
Finance Director
Credit Controller
Financial Manager
Legal Counsel
Corporate Lawyer
Collections Manager
Accounts Receivable Manager
Treasury Manager
Risk Manager
Compliance Officer
Business Development Manager
Contract Manager
Commercial Director
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