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1. Parties: Identification and details of all parties involved in the agreement, including full legal names, addresses, and registration details if companies
2. Background: Context of the debt or payment obligation, including the original amount owed and circumstances leading to the payment plan
3. Definitions: Definitions of key terms used throughout the agreement
4. Payment Terms: Detailed description of the total amount owed, installment amounts, payment frequency, and payment methods
5. Payment Schedule: Specific dates or timeframes for each payment installment
6. Interest and Charges: Details of any applicable interest rates (within UAE legal limits) and additional charges
7. Default Provisions: Consequences of missing payments and definition of what constitutes a default
8. Remedies: Legal remedies available to the creditor in case of default
9. Representations and Warranties: Statements of fact and promises made by both parties regarding their capacity and authority
10. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for dispute resolution
11. Notices: Process and addresses for formal communications between parties
12. Execution: Signature blocks and execution requirements
1. Security: Details of any collateral or security provided to guarantee the payments - include when security is being provided
2. Guarantor Provisions: Terms relating to any guarantors of the payment plan - include when there are third-party guarantors
3. Early Payment Provisions: Terms for early repayment or settlement discounts - include when early payment options are offered
4. Force Majeure: Provisions for unforeseen circumstances affecting payment ability - include for longer-term payment plans
5. Confidentiality: Terms regarding confidentiality of the agreement - include for business-to-business arrangements
6. Insurance Requirements: Requirements for insurance coverage - include when payments are secured by assets
7. Assignment: Rights to assign the agreement to third parties - include when assignment rights are necessary
1. Schedule 1 - Payment Schedule: Detailed breakdown of payment dates, installment amounts, and running balances
2. Schedule 2 - Original Debt Documentation: Copies or details of the original contracts or invoices creating the debt
3. Schedule 3 - Security Details: Details of any security or collateral provided, including asset descriptions and valuations
4. Schedule 4 - Direct Debit Authorization: Bank account details and authorization forms for automatic payments
5. Appendix A - Calculation of Interest: Methodology for calculating interest and charges
6. Appendix B - Contact Details: Complete contact information for all relevant parties and their representatives
Financial Services
Real Estate
Construction
Retail
Manufacturing
Professional Services
Healthcare
Education
Automotive
Technology
Telecommunications
Trading and Distribution
Legal
Finance
Credit Control
Collections
Treasury
Compliance
Risk Management
Commercial
Accounts Receivable
Business Development
Chief Financial Officer
Finance Director
Credit Controller
Collections Manager
Accounts Receivable Manager
Legal Counsel
Compliance Officer
Treasury Manager
Financial Analyst
Risk Manager
Commercial Director
Contract Manager
Business Development Manager
Account Manager
Corporate Lawyer
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