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1. Parties: Identification of all parties involved in the agreement, including legal names, addresses, and registration numbers if applicable
2. Background: Context of the agreement, including the underlying debt or payment obligation and the reason for the non-payment arrangement
3. Definitions: Key terms used throughout the agreement
4. Acknowledgment of Debt: Clear statement of the original debt amount and acknowledgment by the debtor
5. Payment Terms: Details of the non-payment arrangement, including duration and conditions
6. Default Provisions: Consequences of breaching the non-payment agreement
7. Representations and Warranties: Statements of fact and guarantees made by both parties
8. Confidentiality: Terms regarding the confidentiality of the agreement and its contents
9. Governing Law: Specification of Canadian law as governing law and jurisdiction
10. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Security Provisions: Used when collateral or security is provided to secure the underlying obligation
2. Interest Provisions: Include when interest calculations are relevant to the agreement
3. Third Party Guarantees: Required when a guarantor is involved in securing the obligation
4. Dispute Resolution: Optional detailed procedures for handling disputes, including mediation or arbitration
5. Insurance Requirements: Include when specific insurance coverage is required during the non-payment period
6. Financial Reporting: Used when ongoing financial disclosure is required from the debtor
7. Release Provisions: Include when certain claims or rights are being released as part of the agreement
1. Schedule A - Payment Schedule: Detailed breakdown of any partial payments or future payment arrangements
2. Schedule B - Original Debt Documentation: Copy or summary of the original agreement or documentation creating the debt
3. Schedule C - Asset Register: List of any assets provided as security (if applicable)
4. Appendix 1 - Financial Statement: Current financial position of the debtor (if required)
5. Appendix 2 - Guarantee Form: Form of guarantee if third-party guarantors are involved
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A Canadian-compliant agreement establishing structured payment terms between creditor and debtor for debt repayment through scheduled instalments.
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A Canadian legal document that formalizes the terms and conditions of a down payment between parties in a property or asset purchase transaction.
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A Canadian-law governed document establishing terms for the exchange of goods or services instead of monetary payment between two parties.
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Canadian-compliant Auto Payment Contract establishing terms for recurring automated payments, adhering to federal and provincial regulations.
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Canadian-compliant agreement establishing terms for automated recurring payment arrangements between service providers and customers.
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Pay Off Agreement
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Final Payment Agreement
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