The Contract For Payment Agreement is a crucial legal instrument in Belgian business and financial transactions, used when parties need to formalize payment obligations and establish clear repayment terms. This document is particularly relevant in situations involving debt restructuring, installment payments, or the settlement of outstanding obligations. It must comply with Belgian civil and commercial law requirements, including regulations on interest rates, payment terms, and debt collection. The agreement can be used in both business-to-business and business-to-consumer contexts, with additional consumer protection requirements applying to the latter. The document typically includes detailed payment schedules, interest calculations, default provisions, and remedies, all structured within the framework of Belgian legal requirements and EU directives on payment terms.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification and details of all parties to the agreement, including full legal names, addresses, and registration numbers for companies
2. Background: Context of the debt or payment obligation, including origin of the debt and current status
3. Definitions: Definitions of key terms used throughout the agreement
4. Payment Amount and Currency: Clear statement of the total amount owed and the currency of payment
5. Payment Schedule: Detailed payment terms including installment amounts, payment dates, and payment methods
6. Interest: Applicable interest rates, including default interest rates in accordance with Belgian law
7. Payment Method: Specified payment mechanisms and banking details
8. Default and Remedies: Consequences of missed payments and available remedies
9. Representations and Warranties: Basic representations about the validity of the debt and capacity to pay
10. Notices: How and where formal communications between parties should be sent
11. Governing Law and Jurisdiction: Confirmation of Belgian law as governing law and jurisdiction for disputes
1. Security: Include when the payment obligation is secured by specific assets or guarantees
2. Early Payment Provisions: Include when early payment discounts or options are available
3. Third-Party Guarantor: Include when a third party is guaranteeing the payment obligations
4. Force Majeure: Include when parties want to address potential extraordinary circumstances affecting payment ability
5. Debt Acknowledgment: Include when there's a need to formally acknowledge pre-existing debt
6. Confidentiality: Include when parties wish to keep the payment terms confidential
7. Tax Provisions: Include when tax implications need to be addressed specifically
8. Assignment: Include when transfer of payment rights or obligations needs to be addressed
1. Payment Schedule: Detailed breakdown of payment installments, dates, and amounts
2. Original Debt Documentation: Copies of original agreements or documents evidencing the debt
3. Bank Account Details: Complete banking information for making payments
4. Security Documentation: Details of any security or collateral provided
5. Calculation of Interest: Detailed methodology for calculating applicable interest
6. Corporate Authorizations: Required corporate approvals or resolutions authorizing the agreement
Find the exact document you need
Debt Payment Plan Agreement
A Belgian law-governed agreement establishing a structured payment plan for debt settlement between creditor and debtor.
Download
Repayment Plan Agreement
A Belgian law-governed agreement establishing structured debt repayment terms between creditor and debtor, including payment schedules and obligations.
Download
Payment Plan Contract
A Belgian law-governed agreement establishing structured payment terms between parties, detailing payment schedules and obligations in compliance with Belgian legal requirements.
Download
Payment Agreement
A Belgian law-governed agreement establishing payment terms and conditions between parties, ensuring compliance with Belgian Civil Code and EU regulations.
Download
Contract For Payment Agreement
A Belgian law-governed agreement establishing formal payment terms and obligations between parties, including payment schedules, interest rates, and default provisions.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)