Acknowledgment Of Payment Received Template for Germany

The Acknowledgment of Payment Received is a crucial document in German business and legal practice, primarily governed by the German Civil Code (BGB), specifically § 368. This document is used whenever formal confirmation of payment receipt is required, whether for business transactions, personal dealings, or official purposes. It serves multiple functions: providing legal proof of payment, discharging the payor from their obligation, and creating an audit trail for accounting and tax purposes. The document must include specific information to be legally valid under German law, such as the parties' details, payment amount, date, and reference to the original obligation. It's particularly important in business transactions where formal documentation is required for accounting and tax compliance, but it's equally valuable in private transactions where proof of payment might be needed later.

1. Date and Place: The date and location where the acknowledgment is issued

2. Parties' Information: Full names, addresses, and if applicable, business details of both the paying and receiving parties

3. Payment Details: Specific amount received, currency, payment method, and date of payment

4. Original Obligation: Reference to the original debt or obligation that this payment satisfies (e.g., invoice number, contract reference)

5. Confirmation Statement: Clear statement confirming receipt of payment and that the specified obligation has been satisfied

6. Legal Effect: Statement declaring that this acknowledgment serves as proof of payment and releases the debtor from the specified obligation

7. Signature Block: Space for signature(s) of the receiving party, including name and title if applicable