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The Simple Promise To Pay Agreement is a fundamental legal instrument used in Swiss business and personal transactions to document debt obligations. This agreement type is particularly useful when parties need to formalize an existing debt or establish clear repayment terms for a loan. Under Swiss law, specifically the Swiss Code of Obligations, such agreements must contain certain essential elements to be legally binding and enforceable. The document is commonly used in various scenarios, from personal loans to business transactions, and can be adapted to include interest provisions, payment schedules, and security arrangements. A Simple Promise To Pay Agreement provides legal certainty for both creditor and debtor, establishing clear rights and obligations while ensuring compliance with Swiss legal requirements for debt acknowledgment and contractual obligations.

1. Parties: Identification of the creditor and debtor with full legal names and addresses

2. Background: Brief context of the debt obligation, including origin of the debt if relevant

3. Definitions: Key terms used in the agreement

4. Acknowledgment of Debt: Clear statement of the amount owed and confirmation of the debt

5. Payment Terms: Specific details about how and when payment(s) will be made

6. Default: Consequences of failing to make payments as agreed

7. Representations and Warranties: Basic statements about capacity to enter agreement and validity of debt

8. Notices: How formal communications between parties should be made

9. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction

10. Execution: Signature blocks and execution requirements