The Money Received Agreement is a fundamental document in Indian financial transactions, essential for maintaining clear records and legal compliance. It is commonly used when one party needs to formally acknowledge receiving funds from another, whether as a loan, advance payment, or other financial arrangement. This document gains its legal framework from the Indian Contract Act, 1872, and related financial legislation. The agreement serves multiple purposes: it acts as proof of transaction, establishes the terms of any repayment if applicable, and provides legal recourse in case of disputes. It's particularly important in both business and personal contexts where significant sums are involved, as it helps prevent future disagreements about the transaction details and protects both parties' interests.
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. Parties: Details of the person giving the money (lender/payer) and the person receiving the money (receiver/payee), including full names, addresses, and any relevant identification details
2. Background: Brief context of the transaction and the relationship between the parties
3. Definitions: Definitions of key terms used in the agreement
4. Amount Acknowledgment: Clear statement of the amount received, including both figures and words, and the date of receipt
5. Purpose of Money: Statement specifying the purpose for which the money has been received
6. Mode of Receipt: Details of how the money was received (cash, bank transfer, check, etc.)
7. Repayment Terms: If applicable, the terms and conditions for repayment, including timeline and method
8. Representations and Warranties: Basic declarations by the receiver about their capacity to enter into the agreement and acknowledgment of receipt
9. Governing Law and Jurisdiction: Specification that Indian law governs the agreement and jurisdiction details
10. Execution: Signature blocks for all parties and witnesses
1. Interest Terms: Include when the money is to be repaid with interest, specifying interest rate and calculation method
2. Security Details: Include when any security or collateral is being provided against the money received
3. Guarantor Provisions: Include when a third party is guaranteeing the repayment or obligations
4. Default and Consequences: Include when there are specific consequences or penalties for default in repayment
5. Insurance Requirements: Include when insurance is required for any assets related to the transaction
6. Dispute Resolution: Include when parties want to specify alternative dispute resolution methods like arbitration
7. Force Majeure: Include when parties want to account for unforeseen circumstances affecting repayment
1. Schedule 1 - Payment Details: Details of the transaction including bank account information, transaction reference numbers, or copies of checks
2. Schedule 2 - Repayment Schedule: If applicable, detailed breakdown of repayment installments with dates and amounts
3. Schedule 3 - Security Details: If applicable, detailed description of any security or collateral provided
4. Appendix A - Witness Details: Complete details of witnesses including their identification proof
5. Appendix B - Supporting Documents: Copies of relevant ID proofs, address proofs, or other supporting documentation
Relevant legal definitions
Agreement
Amount
Business Day
Due Date
Effective Date
Event of Default
Interest Rate
Mode of Payment
Payer
Payee
Payment Date
Purpose
Receipt
Repayment Schedule
Security
Transaction
Witness
Working Hours
Applicable Law
Bank Account
Guarantor
Parties
Representatives
Default Interest Rate
Force Majeure Event
Amount
Business Day
Due Date
Effective Date
Event of Default
Interest Rate
Mode of Payment
Payer
Payee
Payment Date
Purpose
Receipt
Repayment Schedule
Security
Transaction
Witness
Working Hours
Applicable Law
Bank Account
Guarantor
Parties
Representatives
Default Interest Rate
Force Majeure Event
Clauses
Acknowledgment of Receipt
Payment Terms
Representations and Warranties
Mode of Payment
Interest
Security
Default
Force Majeure
Notices
Assignment
Severability
Entire Agreement
Amendment
Waiver
Governing Law
Jurisdiction
Dispute Resolution
Indemnification
Costs and Expenses
Confidentiality
Further Assurance
Counterparts
Time of Essence
Survival
Payment Terms
Representations and Warranties
Mode of Payment
Interest
Security
Default
Force Majeure
Notices
Assignment
Severability
Entire Agreement
Amendment
Waiver
Governing Law
Jurisdiction
Dispute Resolution
Indemnification
Costs and Expenses
Confidentiality
Further Assurance
Counterparts
Time of Essence
Survival
Relevant Industries
Banking & Financial Services
Real Estate
Construction
Manufacturing
Retail
Professional Services
Education
Healthcare
Non-Profit
Technology
Agriculture
Small Business
Transportation & Logistics
Relevant Teams
Finance
Legal
Accounts
Treasury
Compliance
Risk Management
Administration
Credit Control
Corporate Secretarial
Internal Audit
Relevant Roles
Financial Controller
Accountant
Finance Manager
Treasury Manager
Legal Counsel
Compliance Officer
Credit Manager
Accounts Receivable Manager
Chief Financial Officer
Company Secretary
Finance Director
Risk Manager
Administrative Officer
Business Manager
Financial Analyst
Find the exact document you need
Honorarium Agreement Letter
An Indian law-compliant formal letter establishing terms for honorarium payment to individuals for their professional services or expertise.
find out more
Contract To Pay
An Indian law-governed agreement that establishes and formalizes payment obligations between parties, including payment terms, timelines, and enforcement mechanisms.
find out more
Agreement For Money Received
An Indian law-compliant agreement acknowledging receipt of money and establishing repayment terms between parties.
find out more
Vehicle Payment Agreement
An Indian law-governed agreement establishing terms and conditions for vehicle financing, including payment obligations and security interests.
find out more
Private Car Payment Contract
An Indian law-governed agreement establishing terms and payment schedule for private vehicle purchase, including ownership transfer and party obligations.
find out more
Partial Payment Agreement Letter
An Indian jurisdiction document establishing terms for partial debt settlement through structured payment plans, governed by Indian contract law.
find out more
Contract Of Repayment
An Indian law-governed agreement establishing terms and conditions for debt repayment between creditor and debtor.
find out more
Past Due Rent Payment Agreement
An Indian law-compliant agreement between landlord and tenant establishing terms for payment of overdue rent, including payment schedule and default provisions.
find out more
Employee Payment Agreement
An Indian law-compliant agreement detailing employee compensation terms, including salary structure, benefits, and payment conditions.
find out more
Rent Arrears Agreement Letter
An Indian law-compliant letter agreement documenting rent arrears and establishing a formal repayment plan between landlord and tenant.
find out more
Lease Deferral
An Indian law-compliant agreement that allows temporary deferral of lease payments while maintaining the original lease's validity.
find out more
Agreement To Pay
An Indian law-governed agreement that formalizes debt obligations and repayment terms between parties, establishing legally binding payment commitments.
find out more
Agreement For Receiving Money
An Indian law-governed agreement establishing terms and conditions for receiving monetary payments, ensuring legal compliance and protection for all parties involved.
find out more
Money Contract
An Indian law-governed agreement establishing terms and conditions for monetary lending between parties, including loan amount, interest, repayment terms, and enforcement provisions.
find out more
Auto Payment Contract
Indian-law compliant contract template for setting up automated recurring payment arrangements, following RBI guidelines and banking regulations.
find out more
Contract For Payment Of Services
An Indian law-governed agreement establishing terms for service provision and payment between service provider and client.
find out more
Fee Payment Agreement
An Indian law-governed agreement establishing terms and conditions for fee payments between parties, including payment structure, schedule, and compliance requirements.
find out more
Collection Payment Agreement Letter
A formal document under Indian law that establishes debt repayment terms and collection procedures between creditor and debtor.
find out more
Advance Payment Agreement Letter
A legally binding document under Indian law that establishes terms and conditions for advance payments between parties, ensuring protection and clarity in business transactions.
find out more
Accident Payment Agreement
An Indian law-governed agreement that establishes terms for accident compensation payment and settlement between involved parties.
find out more
Employee Repayment Agreement
An India-compliant agreement establishing terms for employee repayment of employer-provided training or education costs.
find out more
Settlement Agreement Payment
An Indian law-governed agreement that formalizes payment terms and conditions to settle disputes between parties, including releases and enforcement provisions.
find out more
Contract For Repayment Of Money
An Indian law-governed agreement establishing terms for money repayment, including principal, interest, and default provisions.
find out more
Letter Of Agreement For Payment Of Lot
An Indian jurisdiction document establishing payment terms and conditions for a land parcel between buyer and seller.
find out more
Pay Back Agreement
An Indian law-governed agreement establishing terms for repayment of funds between parties, including payment schedules and enforcement provisions.
find out more
Agreement To Pay For Services
An Indian law-governed agreement establishing payment terms and obligations for services, including delivery, payment schedules, and default remedies.
find out more
Rental Agreement Advance Payment
An Indian law-compliant agreement detailing terms and conditions for rental property advance payments between landlord and tenant.
find out more
Personal Loan Repayment Agreement
An Indian law-governed agreement establishing terms and conditions for personal loan repayment between lender and borrower.
find out more
Payment Schedule Agreement
An Indian law-governed agreement establishing structured payment terms and schedules between parties, detailing payment obligations and compliance requirements.
find out more
Payment For Contract
An Indian law-governed agreement establishing payment terms, conditions, and obligations between parties, including payment security and compliance with Indian financial regulations.
find out more
Partial Payment Agreement For Lot
An Indian law-compliant agreement establishing terms for lot purchase through structured partial payments, including payment schedule and property transfer conditions.
find out more
Partial Payment Agreement For House And Lot
An Indian law-governed agreement establishing terms for purchasing property through structured partial payments, including payment schedule and conditions for title transfer.
find out more
Non Payment Agreement
An Indian law-governed agreement establishing restrictions on specific payments between parties, with enforcement mechanisms and remedies under Indian contract law.
find out more
Lot Payment Agreement
An Indian law-governed agreement establishing structured payment terms and conditions for lot purchases, including payment schedules and property transfer specifications.
find out more
Land Payment Agreement Letter
A formal document under Indian law that outlines payment terms and conditions for land transactions between buyers and sellers.
find out more
Independent Contractor Payment Agreement
An India-compliant agreement establishing payment terms and conditions for independent contractor engagements, including tax and legal requirements.
find out more
Final Payment Agreement
An Indian law-governed agreement that documents final payment terms, settlement conditions, and mutual releases between parties upon project or service completion.
find out more
Delayed Payment Agreement
An Indian law-governed agreement that structures the delayed payment of an existing debt, including revised payment schedules and interest terms.
find out more
Credit Payment Agreement Letter
An Indian-law governed formal letter establishing credit payment terms between lender and borrower, including amount, interest, and payment schedule.
find out more
Car Payment Takeover Agreement
An Indian law-governed agreement facilitating the transfer of car payment obligations from an existing debtor to a new debtor, outlining payment terms and responsibilities.
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)