Debt Agreements

The templates in this folder have been drafted to help businesses who are owed money by their customers. The Debt Agreements folder contains agreements to vary debt payments. This includes three professionally drafted agreements; an Agreement to Extend Debt, a Debt Compromise Agreement, and an Agreement to Assume Debt. 

The purpose of the Agreement to Extend Debt is twofold; to confirm acknowledgement of the debt by the customer to the creditor, and to agree an extended period for the payment of that sum. 

The Debt Compromise Agreement is a short agreement between creditor and customer whereby the creditor agrees to forgo part of the outstanding debt, whilst the customer acknowledges its' indebtedness (full sum) to the Creditor. 

Finally, the Assumption of Debt in Exchange for Goods Agreement is an agreement between three parties, whereby the customer (the original debtor) acknowledges both the debt due to the creditor and possession of assets/goods which are the property of the creditor, and a third party agrees to assume the debt, in exchange for the assets/goods in possession of the customer. 

These Legal Documents are part of the Business Documents Folder. Just £38.50 + VAT will provide you with 1 year's unlimited access to download all/any documents from the Business Folder.

Debt Agreements is part of Business . Just £38.50 + VAT provides unlimited downloads from Business for 1 year.