Join 13,500+ SA Businesses & Law Firms Who Bought Our Templates
Acknowledgement of Debt – 2 or more debtors, payment in instalments
Acknowledgement of Debt – 2 or more debtors, payment in instalments
Original price was: R 838,70.R 587,09Current price is: R 587,09.
Agreement where multiple debtors acknowledge debt and agree to repay in instalments.
- Distributes responsibility among debtors.
- Provides clear repayment schedule.
- Establishes legal documentation.
DEBT ACKNOWLEDGEMENT
2 or more Debtors, payment in instalments
Summary This Acknowledgement of Debt may be used where a debt is owed by two or more persons or legal entities, who are jointly liable for the same debt to the creditor. An Acknowledgement of Debt is a debt acknowledgement, used to acknowledge and confirm that the debt is due, and to specify that the debt is payable over several instalments.
View also: AOD, single payment
Why do I need an Acknowledgement of Debt? If you or your business has debtors that owe money, a Debt Acknowledgment may be used to specify the amount owed and the agreed payment terms. An AOD confirms that a debt is due, and sets out an undertaking by the Debtors to pay the debt in regular instalments at agreed intervals. If the debt is not paid as agreed, the creditor may use the Acknowledgement of Debt to take further action.
What does an AOD say? The template debt acknowledgement sets out: The Debtors’ details; The amount of the debt; The repayment details; Default and costs.
What does the template look like? The agreement can be printed onto three pages.
What do you need to do to use the Acknowledgement of Debt?
- Read the sample Debt Acknowledgement document to ensure that it suits your requirements. Make changes as required.
- Complete the relevant details, and get the Debtor to sign.
Only one debtor? View our AOD for a single debtor, in a single instalment, or multiple payments.
If this transaction is subject to the National Credit Act 34 of 2005 then a specialist’s advice should be sought.
Also known as: Payment Undertaking; AOD
The Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.
Once your order is complete, you will be granted download permission for the document. You will:
- See download links on the order received page after you have checked out.
- Receive an email notification which will include download links.
- Have access to your downloads via the Downloads tab on your ‘My Account’ page when logged in to your account on this website.
You’ll receive the document in Microsoft Word. A small number of our documents are only available in PDF, in which case this is stated in the document summary.
The two most common reasons for people not receiving the link are : (i) The e-mail address entered into the order form was incorrect; or (ii) the e-mail was directed into your spam folder. First please check your spam folder. If it is not there, contact us.
Each document is accompanied by a description. Read the description to see if it will meet your requirements. If you are still uncertain, you can Contact Us with a brief overview of what you need the document for and we will respond as soon as possible.
Our documents are provided in MS Word format, allowing you to adjust and alter the agreement as you require. If you do not have legal experience we do caution you to be circumspect about the extent of the changes that you make.
Trusted By 10,000+ Businesses
Legal Templates For All Industries
Legal Templates For All Industries
Backed By Legal Research
We Are Here To Simplify The Legal Side Of Your Business!
Skip The Guesswork, Avoid Time-Consuming Legal Hassle And Expensive Fees
When you need a legally binding agreement, there’s no need to spend hours drafting one from scratch. Our online agreement templates take the guesswork out of creating contracts, so you can protect your business while saving time and money on expensive legal consultancy.
Easily Customize Each Template To Suit Your Needs And Have It Completed In No Time
We understand that one size does not fit all when it comes to legal contracts. That’s why our agreement templates are available in Microsoft Word format, so they can be easily customized to suit your specific needs — add, remove, or replace any element with a few clicks.
Rest Assured Knowing That Your Agreement Was Drafted By Experienced South African Lawyers
Say goodbye to standard online agreements that have been drafted in foreign jurisdictions. Our templates are written by experienced South African Lawyers to rigorously comply with South African Law, so you can be confident that your document will meet all relevant legal requirements.
Browse Through Thousands Of Templates Written In An Easy-To-Understand Language
Whether you’re putting together a contract for a new business venture or setting up payment arrangements with a client, we’ve got something for every need. You won’t find any legal jargon here, just simple, straightforward templates to be easy to understand for anyone.
Over 2,600 Happy South African Businesses
Our Customers Say It Best
‘Excellently written contracts that save my clients money!’
Adrian Hodgkinson Professional Accountant (SA)
‘OUR NR.1 Choice for Employment Contracts!’
JP Botha Managing Director, Conversion Advantage
‘Best site for professional supplier agreements’
Jason Bonthuys, Owner, Bulcan Engineering
‘Excellently written contracts that save my clients money!’
Adrian Hodgkinson Professional Accountant (SA)
‘OUR NR.1 Choice for Employment Contracts!’
JP Botha Managing Director, Conversion Advantage
‘Best site for professional supplier agreements’
Jason Bonthuys, Owner, Bulcan Engineering
Check Out Some Similar Agreements That Might Interest You
Security and Debt Collection Templates South Africa
Security and Debt Collection Templates South Africa
Security and Debt Collection Templates South Africa
Security and Debt Collection Templates South Africa
Acknowledgement of Debt – 2 or more debtors, single instalment
Security and Debt Collection Templates South Africa
Security and Debt Collection Templates South Africa
Security and Debt Collection Templates South Africa
Security and Debt Collection Templates South Africa