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1. Parties: Identification of the debtor and creditor(s), including full legal names, addresses, and registration details if applicable
2. Background: Description of the existing debt obligation(s), reference to original agreements, and current outstanding amounts
3. Definitions: Definitions of key terms used throughout the agreement
4. Acknowledgment of Debt: Formal acknowledgment of the outstanding debt amount and its validity
5. Payment Terms: Detailed description of the agreed payment amount, payment schedule, and payment method
6. Settlement Amount: Specification of the final settlement amount and any discount or reduction from the original debt
7. Release Provisions: Terms specifying when and how the debtor will be released from further obligations upon completion of payments
8. Default Provisions: Consequences of failing to make payments as agreed, including any acceleration clauses
9. Representations and Warranties: Basic statements about the parties' capacity and authority to enter into the agreement
10. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction for disputes
11. Notices: How and where formal notices under the agreement should be delivered
12. Execution: Signature blocks and execution requirements
1. Multiple Creditor Provisions: Required when multiple creditors are involved, detailing the relationship between creditors and payment priorities
2. Collateral Arrangements: Needed when the settlement is secured by any form of collateral
3. Installment Payment Terms: Detailed terms for installment payments, if applicable, including specific dates and amounts
4. Tax Provisions: Required when there are significant tax implications of the debt settlement
5. Confidentiality: Added when parties wish to keep the settlement terms confidential
6. Third Party Rights: Needed when the agreement affects rights of third parties or guarantors
7. Early Payment Provisions: Terms for early payment options and any associated discounts
8. Condition Precedents: Required when the agreement is subject to certain conditions being met before becoming effective
1. Payment Schedule: Detailed schedule of payment dates, amounts, and methods
2. Original Debt Documentation: Copies or summaries of the original agreements or documents evidencing the debt
3. Calculation of Settlement Amount: Detailed breakdown of how the settlement amount was calculated
4. Bank Account Details: Specified bank account information for payments
5. Collateral Documentation: If applicable, documents relating to any collateral arrangements
6. Release Documentation: Form of release to be provided upon completion of payments
Payment Terms
Settlement Amount
Release and Discharge
Representations and Warranties
Default
Remedies
Security
Conditions Precedent
Interest
Set-off
Assignment
Confidentiality
Force Majeure
Notices
Amendment
Severability
Entire Agreement
Waiver
Governing Law
Jurisdiction
Counterparts
Third Party Rights
Time of Essence
Further Assurance
Costs
Termination
Survival
Early Payment
Default Interest
Banking & Financial Services
Commercial Real Estate
Manufacturing
Retail
Professional Services
Construction
Technology
Healthcare
Hospitality
Import/Export
Telecommunications
Energy & Utilities
Legal
Finance
Treasury
Credit Control
Accounts Receivable
Risk Management
Compliance
Commercial Operations
Corporate Secretariat
Debt Recovery
Chief Financial Officer
Finance Director
Credit Manager
Collections Manager
Legal Counsel
Corporate Lawyer
Debt Recovery Specialist
Treasury Manager
Accounts Receivable Manager
Risk Manager
Commercial Director
Business Development Manager
Corporate Secretary
Compliance Officer
Financial Controller
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German law-governed automatic payment agreement establishing terms for recurring payments, compliant with German banking and payment services regulations.
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A German law-governed agreement for transferring vehicle payment obligations from one party to another, ensuring legal compliance and protecting all parties' interests.
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Agreement For Cash Payment
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Advance Payment Contract
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Advance Payment Agreement
A German law-governed agreement setting out terms and conditions for advance payments, including security arrangements and payment mechanisms.
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A German law-governed agreement that resolves disputes through structured installment payments, including payment terms, schedules, and enforcement mechanisms.
Recurring Payment Contract
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Prepayment Agreement
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