The Promise To Pay Agreement Template – Canada is offered in multiple formats, including PDF, Word, and Google Docs. These templates are both customizable and ready for printing, making it simple to meet your requirements.
Promise To Pay Agreement Template – Canada Editable – PrintableSample
1. Parties Involved 2. Amount Owed 3. Payment Terms 4. Interest Rate 5. Payment Methods 6. Default Conditions 7. Governing Law 8. Amendments 9. Signatures and Acceptance
CAD
PDF
WORD
Examples
[Debtor’s Name]
[Debtor’s ID]
[Debtor’s Address]
[Debtor’s Phone]
[Debtor’s Email]
[Creditor’s Name]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
This Promise to Pay Agreement (“Agreement”) outlines the terms under which the Debtor agrees to repay a specified debt to the Creditor, effective from [Start Date].
The Debtor acknowledges that they owe the Creditor the total amount of [Amount] CAD, which was accrued on [Date Debt Was Incurred].
The Debtor agrees to make payments of [Payment Amount] CAD on a [weekly/monthly] basis until the total debt is repaid, starting on [First Payment Date].
In the event of a late payment, a penalty of [Late Fee Amount] CAD will be applied for each instance of lateness, payable immediately.
If the Debtor fails to make any payment within [Grace Period] days of the due date, the total remaining balance shall become due immediately at the discretion of the Creditor.
This Agreement shall be governed by the laws of Canada and any disputes shall be resolved in the jurisdiction of [Province/Territory].
[Debtor’s Signature]
[Debtor’s Name]
[Creditor’s Signature]
[Creditor’s Name]
[Debtor’s Name]
[Debtor’s ID]
[Debtor’s Address]
[Debtor’s Phone]
[Debtor’s Email]
[Creditor’s Name]
[Creditor’s ID]
[Creditor’s Address]
[Creditor’s Phone]
[Creditor’s Email]
This Agreement serves as a formal commitment from the Debtor to repay the amount owed to the Creditor, initiated on [Start Date].
The Debtor agrees that they owe [Total Amount] CAD to the Creditor for the services/products received on [Date].
The Debtor shall repay the debt via [Payment Method] and will provide the Creditor with proof of payment.
The Debtor agrees to adhere to the following payment schedule: [Detailed Payment Schedule].
Should the Debtor fail to comply with the terms of this Agreement, the Creditor may pursue legal action to recover the total balance owed.
This document represents the entire Agreement between the parties and supersedes any prior written or oral agreements regarding the subject matter herein.
[Debtor’s Signature]
[Debtor’s Name]
[Creditor’s Signature]
[Creditor’s Name]
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