{"product_id":"acknowledgement-debt-2-debtors-payment-instalments","title":"Acknowledgement of Debt Template - Two or more debtors, payment in installments - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eAcknowledgement of Debt Template - Two or more debtors, payment in installments - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e2 or more Debtors, payment in instalments \u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eThis 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.\n\nView also: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-2-debtors-single-instalment\/\"\u003eAOD, single payment\u003c\/a\u003e\n\n\u003cstrong\u003eWhy do I need an Acknowledgement of Debt? \u003c\/strong\u003eIf 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.\n\n\u003cstrong\u003eWhat does an AOD say? \u003c\/strong\u003eThe template debt acknowledgement sets out: The Debtors’ details; The amount of the debt; The repayment details; Default and costs.\n\n\u003cstrong\u003eWhat does the template look like? \u003c\/strong\u003eThe agreement can be printed onto three pages.\n\n\u003cstrong\u003eWhat do you need to do to use the Acknowledgement of Debt? \u003c\/strong\u003e\n\n\u003cul\u003e\n\n \t\u003cli\u003eRead the sample Debt Acknowledgement 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\nOnly one debtor? View our AOD for a single debtor, in a \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-1-debtor-single-instalment\/\"\u003esingle instalment\u003c\/a\u003e, or \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-1-debtor-payment-instalments\/\"\u003emultiple payments\u003c\/a\u003e.\n\nIf this transaction is subject to the National Credit Act 34 of 2005 then a specialist’s advice should be sought.\n\nAlso known as: Payment Undertaking; AOD\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":59164053602444,"sku":"AO-4134","price":472.6,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Acknowledgement-of-Debt-2-or-more-debtors-payment-in-instalments-1.jpg?v=1789524873","url":"https:\/\/agreementsonline.co.za\/products\/acknowledgement-debt-2-debtors-payment-instalments","provider":"Agreements Online","version":"1.0","type":"link"}