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The Agreement To Pay Back Money is a fundamental legal document used in Hong Kong to formalize lending arrangements between parties. It is commonly used when individuals or businesses need to document a loan transaction, whether for personal, business, or investment purposes. The agreement must comply with Hong Kong's legal framework, particularly the Money Lenders Ordinance (Cap. 163) and Interest Rate Ordinance (Cap. 34). It provides security for both lender and borrower by clearly documenting the loan terms, repayment schedule, interest calculations, and consequences of default. This document is essential for protecting both parties' interests and ensuring the loan arrangement is legally enforceable in Hong Kong courts.

1. Parties: Identifies and defines the Lender and Borrower with their full legal names and addresses

2. Background: Explains the context of the loan and confirms the Borrower's request and Lender's agreement to provide the loan

3. Definitions: Defines key terms used throughout the agreement

4. Loan Amount and Purpose: Specifies the principal amount being lent and its intended use

5. Repayment Terms: Details the repayment schedule, including payment amounts, frequency, and final repayment date

6. Interest: Specifies the interest rate, calculation method, and payment schedule

7. Method of Payment: Specifies acceptable payment methods and bank account details

8. Events of Default: Defines what constitutes a default under the agreement

9. Consequences of Default: Outlines the Lender's rights and remedies in case of default

10. Representations and Warranties: Basic statements about the Borrower's capacity and authority to enter into the agreement

11. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and Hong Kong courts' jurisdiction