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1. Parties: Identification of the creditor and debtor, including full legal names, addresses, and any registration numbers
2. Background: Description of the circumstances leading to the debt and this settlement agreement
3. Definitions: Key terms used throughout the agreement
4. Acknowledgment of Debt: Formal acknowledgment of the original debt amount and its validity
5. Settlement Terms: Details of the agreed settlement amount and any discount from the original debt
6. Payment Terms: Payment schedule, method of payment, and consequences of default
7. Release and Discharge: Terms of release from the original debt upon completion of settlement payments
8. Representations and Warranties: Statements of fact and promises by both parties regarding their capacity and authority
9. Confidentiality: Obligations regarding the confidentiality of the settlement terms
10. Governing Law and Jurisdiction: Specification of Swiss law as governing law and jurisdiction for disputes
11. Entire Agreement: Confirmation that this document represents the complete agreement between parties
12. Execution: Signature blocks and execution requirements
1. Third-Party Rights: Required when there are guarantors or other third parties involved in the debt
2. Tax Implications: Include when there are significant tax consequences of the debt settlement that need to be addressed
3. Installment Default Provisions: Include when payment is to be made in installments, specifying consequences of default
4. Credit Reporting: Include when parties need to agree on how the settlement will be reported to credit agencies
5. Security Provisions: Required when the settlement is secured by assets or guarantees
6. Force Majeure: Include when long-term payment arrangements might be affected by unforeseen circumstances
7. Assignment Rights: Include when either party needs the right to assign the agreement to other parties
1. Schedule A - Debt Statement: Detailed breakdown of the original debt, including principal, interest, and any fees
2. Schedule B - Payment Schedule: Detailed payment plan including dates, amounts, and payment methods
3. Schedule C - Supporting Documents: Copies of original debt documentation, invoices, or contracts
4. Schedule D - Release Form: Template of the final release document to be issued upon completion of payments
5. Appendix 1 - Calculation of Settlement Amount: Detailed calculation showing how the settlement amount was determined
6. Appendix 2 - Bank Details: Payment instructions and bank account details for settlement payments
Original Debt
Settlement Amount
Creditor
Debtor
Business Day
Completion Date
Default Event
Due Date
Effective Date
Enforcement Proceedings
Final Payment
Interest Rate
Original Contract
Payment Schedule
Release Date
Settlement Period
Supporting Documents
Security
Payment Method
Outstanding Balance
Parties
Representatives
Settlement Terms
Waiver
Working Day
Dispute
Force Majeure Event
Confidential Information
Material Breach
Settlement Terms
Payment
Release and Discharge
Default
Representations and Warranties
Confidentiality
Assignment
Security
Force Majeure
Governing Law
Jurisdiction
Notices
Severability
Waiver
Amendment
Entire Agreement
Counterparts
Third Party Rights
Further Assurance
Costs
Time of Essence
Interest
Set-Off
Credit Reporting
Tax
Dispute Resolution
Banking & Financial Services
Insurance
Real Estate
Manufacturing
Retail
Professional Services
Construction
Healthcare
Technology
Telecommunications
Energy
Consumer Goods
Legal
Finance
Treasury
Credit Control
Collections
Accounts Receivable
Risk Management
Compliance
Corporate Secretariat
Business Development
Chief Financial Officer
Finance Director
Credit Controller
Collections Manager
Accounts Receivable Manager
Legal Counsel
Corporate Lawyer
Debt Recovery Specialist
Treasury Manager
Risk Manager
Financial Controller
Compliance Officer
Business Development Manager
Contract Manager
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