{"product_id":"acknowledgement-debt-1-debtor-payment-instalments","title":"Acknowledgement of Debt Template - One Debtor - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eAcknowledgement of Debt Template - One Debtor - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eThis Acknowledgement of Debt may be used where a debt is owed by a single person or legal entity. An Acknowledgement of Debt is a form of debtor's payment undertaking, and is used to acknowledge and confirm that a debt is due, and to specify that the debt is payable in a number of instalments.\n\n\u003cstrong\u003eWhy do I need an AOD? \u003c\/strong\u003eIf you or your business has debtors that owe money, an Acknowledgement of Debt may be used to confirm the amount owed and the agreed payment terms. An AOD confirms that a debt is due, and sets out an undertaking by the Debtor to pay the debt off 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.\n\nSee also: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-1-debtor-single-instalment\/\"\u003eAOD, single instalment\u003c\/a\u003e\n\n\u003cstrong\u003eWhat does the AOD say? \u003c\/strong\u003eAn Debtor's acknowledgement of indebtedness sets out: The Debtor’s details; The amount of the debt; The repayment details; Default and costs.\n\n\u003cstrong\u003eWhat does the document look like? \u003c\/strong\u003eThe template payment undertaking can be printed onto three pages.\n\n\u003cstrong\u003eWhat do you need to do to use a template Acknowledgement of Debt? \u003c\/strong\u003e\n\n\u003cul\u003e\n\n \t\u003cli\u003eRead the template AOD document to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\n \t\u003cli\u003eComplete the relevant details, and get the Debtor to sign.\u003c\/li\u003e\n\n\u003c\/ul\u003e\n\nIf this transaction is subject to the National Credit Act 34 of 2005 then a specialist’s advice should be sought.\n\nMore than one debtor? View our AOD for multiple debtors, \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-2-debtors-single-instalment\/\"\u003esingle instalment \u003c\/a\u003eor \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-2-debtors-payment-instalments\/\"\u003epayment in instalments \u003c\/a\u003e\n\n\u003cstrong\u003eThe 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.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164053700748,"sku":"AO-4138","price":472.6,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Acknowledgement-of-Debt-1-debtor-payment-in-instalments-1.jpg?v=1789524875","url":"https:\/\/agreementsonline.co.za\/products\/acknowledgement-debt-1-debtor-payment-instalments","provider":"Agreements Online","version":"1.0","type":"link"}