The Delayed Payment Agreement is a crucial document used in Maltese business practice when a debtor requires extended time to settle an outstanding payment obligation. This document type is particularly relevant in the current economic climate where businesses may face cash flow challenges while maintaining important commercial relationships. The agreement must comply with Maltese legislation, including the Civil Code (Chapter 16) and the Late Payment of Commercial Debts (Interest) Act, as well as EU Directive 2011/7/EU. It typically includes comprehensive details about the original debt, new payment schedule, interest calculations, and any security arrangements. The document serves both as a debt management tool and a legal safeguard, providing clarity and protection for all parties involved while maintaining the enforceability of the original obligation under Maltese law.
Delayed Payment Agreement for Malta
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
Delayed Payment Agreement
"I need a Delayed Payment Agreement for a 鈧75,000 debt owed by a construction company, to be paid in 12 monthly installments starting March 2025, with a property charge as security and an early payment discount option."
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification and details of the creditor and debtor, including registration numbers and registered addresses
2. Background: Context of the original debt, reference to original agreement/invoice, and circumstances leading to the delayed payment arrangement
3. Definitions: Definitions of key terms used throughout the agreement, including Payment Schedule, Default Events, Business Day, etc.
4. Acknowledgment of Debt: Clear statement of the total amount owed, including any interest or charges accrued to date
5. Payment Terms: Detailed payment schedule, including installment amounts, payment dates, and payment methods
6. Interest and Charges: Specification of interest rates, additional charges, and calculation methods in accordance with Maltese law
7. Default Provisions: Consequences of missing payments, acceleration clauses, and remedies available to the creditor
8. Representations and Warranties: Declarations by both parties regarding their capacity and authority to enter into the agreement
9. Notices: Methods and addresses for formal communications between parties
10. Governing Law and Jurisdiction: Confirmation of Maltese law as governing law and jurisdiction for disputes
1. Security: Include when there is collateral or guarantees securing the debt
2. Early Payment Provisions: Include when there are discounts or incentives for early payment
3. Third-Party Guarantor: Include when a guarantor is providing additional security for the debt
4. Set-off Rights: Include when parties have ongoing business relationships with mutual payment obligations
5. Force Majeure: Include when parties want to address potential extraordinary circumstances affecting payment ability
6. Confidentiality: Include when parties wish to keep the payment arrangements private
7. Assignment: Include when either party may need to transfer rights or obligations under the agreement
1. Payment Schedule: Detailed breakdown of payment dates, amounts, and running balance
2. Original Debt Documentation: Copies of original invoices, contracts, or other documents evidencing the debt
3. Calculation of Interest: Detailed calculation of interest and charges applied to the debt
4. Security Documentation: If applicable, details and documentation of any security arrangements
5. Guarantor Documentation: If applicable, guarantor details and undertaking documents
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Retail
Manufacturing
Construction
Import/Export
Professional Services
Technology
Healthcare
Real Estate
Hospitality
Logistics
Maritime
Gaming
Telecommunications
Relevant Teams
Finance
Legal
Accounts Receivable
Treasury
Credit Control
Collections
Risk Management
Commercial Operations
Compliance
Business Development
Relevant Roles
Chief Financial Officer
Finance Director
Credit Controller
Accounts Receivable Manager
Financial Manager
Treasury Manager
Collections Specialist
Credit Risk Manager
Business Development Manager
Commercial Director
Legal Counsel
Compliance Officer
Debt Recovery Specialist
Financial Controller
Accounts Manager
Find the exact document you need
Contract Of Repayment
A Maltese law-governed agreement establishing debt repayment terms and conditions between parties, including payment schedule, interest rates, and enforcement provisions.
find out more
Debt Payment Agreement
A Maltese law-governed agreement that establishes legally binding terms for debt repayment between creditor and debtor, including payment schedule and enforcement provisions.
find out more
Contract For Payment Of Services
A Maltese law-governed agreement establishing terms for service provision and payment arrangements between contracting parties.
find out more
Promise To Pay Loan Agreement
A Maltese law-governed agreement documenting a loan arrangement with a promise to repay, including terms, conditions, and security provisions.
find out more
Agreement To Pay For Services
A Maltese law-governed agreement establishing payment terms and conditions for services between provider and client.
find out more
Delayed Payment Agreement
A Maltese law-governed agreement establishing structured payment terms for outstanding debt, including payment schedule, interest, and default provisions.
find out more
Commission Payment Agreement
A Maltese law-governed agreement establishing commission payment terms between a principal and recipient, including calculation methods and payment conditions.
find out more
Advance Payment Agreement
A Maltese law-governed agreement regulating advance payment terms, conditions, and security arrangements between contracting parties.
find out more
Prepayment Agreement
A Maltese law-governed agreement establishing terms for advance payments between parties, including payment schedules, security arrangements, and performance obligations.
find out more
Invoicing Agreement
A Maltese law-governed agreement establishing invoicing terms, payment conditions, and VAT compliance requirements between business entities.
find out more
Deferment Agreement
A Maltese law-governed agreement that formalizes the postponement or restructuring of existing payment obligations between parties.
find out more
Contract For Installment Payments
A Maltese law-governed agreement establishing terms for payment in multiple installments, including payment schedules, interest, and security arrangements.
find out more
Production Payment Agreement
A Maltese law-governed agreement establishing terms for production-based payments in exchange for upfront capital investment.
find out more
Promise Of Payment Contract
A Maltese law-governed contract establishing a formal commitment to pay a specified debt amount, including payment terms and enforcement provisions.
find out more
Contract For Repayment Of Debt
A Maltese law-governed agreement establishing terms and conditions for the structured repayment of an existing debt, including payment schedules and default provisions.
find out more
Repayment Contract Agreement
A Maltese law-governed agreement that establishes legally binding terms for debt repayment, including payment schedule, interest rates, and default provisions.
find out more
Rent Payment Agreement
A legally binding agreement under Maltese law that establishes rental payment terms and conditions between landlord and tenant, ensuring compliance with Malta's Private Residential Leases Act 2020.
find out more
Agreement For Deposit Payment
A Maltese law-governed agreement that establishes terms for deposit payment, holding, and release between parties, ensuring legal protection and compliance with local financial regulations.
find out more
Promise To Pay Agreement
A Maltese law-governed agreement documenting a debtor's formal commitment to pay a specified sum to a creditor, including repayment terms and conditions.
find out more
Paying Agency Agreement
A Maltese law-governed agreement appointing a financial institution to process and distribute payments to security holders or creditors, subject to local financial services regulations.
find out more
Loan Repayment Agreement
A Maltese law-governed agreement establishing terms and conditions for loan repayment, including payment schedule, interest, and enforcement provisions.
find out more
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)