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The Debt Repayment Agreement is a crucial document used when parties need to formalize arrangements for settling outstanding debts in Indonesia. It is commonly used in situations where a debtor acknowledges a debt and agrees to a structured repayment plan with the creditor. The agreement must comply with Indonesian Civil Code requirements and relevant financial regulations, making it particularly important to include specific provisions about payment terms, interest calculations, and default consequences. This document type is essential for both commercial and consumer contexts, providing legal certainty and protection for all parties involved. It can be used for various debt situations, from personal loans to business financing, and can include additional provisions for security, guarantees, or special payment arrangements. The agreement's effectiveness is enhanced by its alignment with Indonesian legal requirements and local business practices, making it a reliable tool for debt management and recovery.

1. Parties: Identifies and provides full details of the creditor and debtor, including their legal names, addresses, and any registration numbers for companies

2. Background: Explains the context of the original debt, acknowledges the outstanding amount, and states the parties' intention to enter into a repayment arrangement

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Acknowledgment of Debt: Formal acknowledgment of the total debt amount and its origins, with reference to any supporting documentation

5. Repayment Terms: Details of the repayment schedule, including payment amounts, frequency, and method of payment

6. Interest: Specifies any interest rates applicable to the debt, how interest is calculated, and when it is payable

7. Payment Method: Specifies acceptable payment methods and banking details for payments

8. Debtor's Representations and Warranties: Debtor's confirmations regarding their ability to pay and the accuracy of information provided

9. Events of Default: Defines what constitutes a default under the agreement and the consequences of default

10. Remedies: Outlines the creditor's rights and remedies in case of default

11. Governing Law and Jurisdiction: Specifies that Indonesian law governs the agreement and establishes jurisdiction for dispute resolution

12. Notices: Details how formal communications between parties should be made and delivered

13. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability