A Letter of Intent to Pay is commonly used in Irish business and personal contexts when a debtor wishes to formally acknowledge a debt and commit to its payment. This document is particularly useful in situations where there's a need to formalize a payment commitment without creating a full payment agreement, or when restructuring existing payment obligations. It typically includes specific details about the debt amount, origin of the debt, payment terms, and timeline. Under Irish law, while not as formal as a contract, a properly drafted Letter of Intent to Pay can serve as strong evidence of debt acknowledgment and can help prevent statute of limitations issues. It's frequently used in business-to-business transactions, personal debt situations, and commercial dispute resolutions, providing a clear framework for debt settlement while maintaining professional relationships.
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. Letter Header: Formal letter heading including date, sender's details, and recipient's details
2. Reference Line: Clear reference to the subject matter (e.g., 'Re: Intent to Pay [Reference Number/Invoice Number]')
3. Debt Acknowledgment: Clear statement acknowledging the specific debt amount and its origin
4. Payment Commitment: Explicit statement of intention to pay, including the total amount
5. Payment Terms: Specific details of how and when the payment(s) will be made
6. Contact Information: Details for future communication regarding the payment
7. Closing: Formal letter closing with signature block and title of signatory
1. Previous Communications Reference: Include when referencing prior discussions or correspondence about the debt
2. Conditional Terms: Used when the payment commitment is subject to specific conditions or contingencies
3. Default Provisions: Include when specifying consequences of failing to meet the payment commitment
4. Interest Terms: When interest on the outstanding amount needs to be addressed
5. Third Party Authorization: Include when the letter is being written on behalf of another party
1. Payment Schedule: Detailed breakdown of payment installments, dates, and amounts if paying in multiple installments
2. Original Debt Documentation: Copies of relevant invoices, contracts, or other documents evidencing the original debt
3. Authorization Documents: Any power of attorney or authorization documents if the letter is signed by a representative
4. Bank Details: Separate schedule with complete banking or payment processing information
Relevant legal definitions
Payment
Due Date
Outstanding Amount
Interest Rate
Business Day
Debt
Original Agreement
Payment Schedule
Default
Parties
Creditor
Debtor
Banking Day
Installment
Late Payment
Payment Method
Reference Number
Working Day
Effective Date
Notice
Interest Period
Default Interest
Payment Terms
Authorized Representative
Due Date
Outstanding Amount
Interest Rate
Business Day
Debt
Original Agreement
Payment Schedule
Default
Parties
Creditor
Debtor
Banking Day
Installment
Late Payment
Payment Method
Reference Number
Working Day
Effective Date
Notice
Interest Period
Default Interest
Payment Terms
Authorized Representative
Clauses
Relevant Industries
Financial Services
Banking
Retail
Construction
Manufacturing
Professional Services
Healthcare
Education
Real Estate
Technology
Telecommunications
Hospitality
Transport and Logistics
Relevant Teams
Finance
Accounts Payable
Legal
Treasury
Credit Control
Debt Recovery
Corporate Governance
Risk Management
Compliance
Administrative
Relevant Roles
Chief Financial Officer
Finance Director
Accounts Payable Manager
Credit Controller
Financial Controller
Treasury Manager
Business Owner
Managing Director
Debt Recovery Specialist
Legal Counsel
Company Secretary
Accounts Manager
Collections Manager
Finance Manager
Corporate Treasurer
Find the exact document you need
Resume Letter Of Intent
A formal letter expressing interest in employment opportunities within an organization, drafted in compliance with Irish employment law and GDPR requirements.
find out more
Letter Of Intent To Join A Club
An Irish-law governed formal letter expressing intent to join a club, serving as the initial step in club membership application process.
find out more
Letter Of Intent To Form A Joint Venture
An Irish law-governed preliminary agreement outlining the proposed terms and framework for establishing a joint venture between multiple parties.
find out more
Letter Of Intent To Renew Lease Contract
A formal document under Irish law expressing a tenant's intention to renew an existing lease agreement, serving as the initial step in the lease renewal process.
find out more
Grant Proposal Letter Of Intent
An Irish-law governed preliminary document expressing intent to submit a full grant proposal, outlining project concept and organizational qualifications for potential funders.
find out more
Commercial Lease Proposal Letter
A formal proposal letter outlining commercial lease terms and conditions under Irish law, serving as the foundation for lease negotiations.
find out more
LOI In Project Management
An Irish law-governed Letter of Intent for project management that establishes preliminary agreements and allows work commencement while full contract terms are being finalized.
find out more
LOI Business
An Irish law-governed preliminary business document outlining proposed terms and conditions for a potential transaction or business relationship, typically non-binding except for specific provisions.
find out more
Letter Of Intent To Pay
An Irish law-governed formal written commitment acknowledging a debt and specifying payment terms and conditions.
find out more
Loi Commercial (Real Estate)
An Irish law-governed Letter of Intent for commercial real estate transactions, outlining preliminary terms and conditions for property deals.
find out more
Intent To Offer Letter
An Irish law-governed preliminary document expressing a company's intention to make a formal employment offer, subject to specified conditions.
find out more
Letter Of Intent For University Application
A formal letter used in Irish university applications to declare intent to study and demonstrate program suitability, following Irish educational regulations.
find out more
Letter Of Intent To Join An Organization
An Irish-law governed formal letter expressing intent to join an organization, serving as a preliminary commitment and basis for future formal agreements.
find out more
Letter Of Intent To Become A Distributor
An Irish law-governed preliminary document outlining the proposed relationship between a supplier and potential distributor, setting the framework for a future distribution agreement.
find out more
Letter Of Intent For Will
An Irish law supplementary document that accompanies a Will, providing additional context and personal guidance to executors and beneficiaries.
find out more
Letter Of Interest To Buy A Business
A formal document under Irish law expressing serious intent to purchase a business, outlining preliminary terms and proposed next steps.
find out more
Letter Of Intent To Return
An Irish employment document formally declaring an employee's intention to return to work after an authorized period of absence, in compliance with Irish employment law.
find out more
Letter Of Intent For Contract Renewal
An Irish law-governed formal document expressing intention to renew an existing contract, outlining proposed renewal terms and conditions.
find out more
Letter Of Intended Use
An Irish law-governed formal declaration documenting the specific intended purpose and conditions for using a property, asset, or service.
find out more
Non Binding LOI
An Irish law-governed preliminary document outlining proposed terms and conditions for a potential business transaction, serving as a non-binding framework for future negotiations.
find out more
Letter Of Intent To Retire From Work
A formal notice under Irish law from an employee to their employer declaring their intention to retire from employment.
find out more
Intent To Award Letter
An Irish procurement document notifying the successful tenderer of the intention to award them a contract, subject to standstill period and procurement regulations.
find out more
Due Diligence Letter Of Intent
An Irish law-governed preliminary document outlining the framework and terms for conducting due diligence investigations in potential business transactions.
find out more
Letter Of Interest (Real Estate)
A preliminary document under Irish law expressing formal interest in purchasing or leasing a property, outlining basic terms and conditions for potential negotiations.
find out more
Letter Of Intent To Purchase
A preliminary document under Irish law outlining proposed terms and conditions for a purchase transaction, serving as a framework for negotiations while specifying key commercial terms and conditions.
find out more
Letter Of Intent Startup
An Irish law-governed preliminary document outlining proposed terms for a startup transaction, combining non-binding commercial terms with specific binding provisions.
find out more
Letter Of Intent Film Production
An Irish law-governed preliminary agreement outlining key terms and conditions for a proposed film production project, serving as a framework for future detailed agreements.
find out more
Letter Of Intent Cooperation
An Irish-law governed Letter of Intent outlining proposed cooperation between parties, setting preliminary terms and framework for future collaboration.
find out more
Grant Letter Of Intent
An Irish law-governed preliminary document outlining proposed grant funding terms between grantor and grantee organizations, serving as a precursor to a formal grant agreement.
find out more
Commercial Real Estate Letter Of Intent
An Irish law-governed preliminary document outlining proposed terms and conditions for a commercial property transaction, serving as a framework for subsequent negotiations.
find out more
Letter Of Intent Business Partnership
An Irish law-governed preliminary document outlining intended business partnership terms and conditions, setting the framework for formal partnership negotiation and implementation.
find out more
Letter Of Intent To Sell Property
A preliminary, non-binding document under Irish law expressing a property owner's intention to sell and outlining basic terms of the proposed property sale.
find out more
Letter Of Intent To Sell
A preliminary document under Irish law that outlines the key terms and conditions of a proposed property sale, serving as a framework for subsequent negotiations.
find out more
Letter Of Intent To Purchase Residential Property
A formal expression of intent to purchase residential property under Irish law, outlining key terms and conditions of the proposed transaction.
find out more
Accreditation Letter Of Intent
An Irish law-governed formal letter declaring an organization's intention to pursue accreditation, outlining commitments and proposed timeline for the accreditation process.
find out more
Small Business Letter Of Intent For Business
An Irish law-governed preliminary document outlining proposed terms and conditions for small business transactions or relationships.
find out more
Notice Of Intention To Leave Job
A formal resignation letter compliant with Irish employment law, used to notify an employer of an employee's intention to terminate their employment.
find out more
Non Binding Letter Of Intent To Purchase Product
An Irish law-governed preliminary document expressing non-binding intent to purchase specific products, outlining key terms and conditions for future negotiations.
find out more
Non Binding Letter Of Intent To Lease
An Irish law-governed preliminary document outlining proposed terms for a commercial property lease while maintaining a non-binding status.
find out more
LOI Purchase Order
An Irish-law governed Letter of Intent Purchase Order outlining preliminary commitment to purchase goods or services, including key commercial terms and conditions.
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)