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The Promissory Note For Tuition Fee With Partial Payment is designed for situations where students or their guardians require a structured payment plan for educational fees in Hong Kong. This document is commonly used by educational institutions to formalize installment payment arrangements while ensuring legal protection under Hong Kong's legal framework. It becomes particularly relevant when full upfront payment of tuition fees is not feasible, and a formal agreement for partial payments is needed. The document incorporates essential elements required by Hong Kong's Bills of Exchange Ordinance, including clear payment terms, interest provisions, and enforcement mechanisms. It serves as both a proof of debt and a legally binding commitment to pay, typically used in conjunction with student enrollment or registration processes. The document provides security for educational institutions while offering students a structured and legally documented way to manage their tuition fee obligations.
