The Affidavit of Payment Agreement is a specialized legal instrument used in Indonesian jurisdiction when parties need to formally document payment obligations with the added security of a sworn statement. This document type is particularly valuable in situations where there is a need to establish clear, enforceable payment terms while adding the gravity of a sworn affidavit. It is commonly used in business transactions, loan arrangements, settlement agreements, and other scenarios where formal documentation of payment obligations is required. The document combines elements of standard payment agreements with the legal weight of an affidavit, making it especially useful for enforcement purposes. It must comply with Indonesian Civil Code requirements and be properly notarized according to local regulations.
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1. Parties: Identification of all parties involved, including full legal names, addresses, and identification numbers
2. Background: Context of the payment obligation and relationship between the parties
3. Definitions: Clear definitions of key terms used throughout the document
4. Declaration of Truth: Formal statement confirming that the affiant is making the declaration under oath
5. Payment Details: Specific amount owed, payment terms, and schedule of payments
6. Payment History: Details of payments already made and remaining balance
7. Acknowledgment of Debt: Clear acknowledgment of the debt and obligation to pay
8. Payment Method: Specified method(s) of payment and banking details
9. Execution: Formal execution clause including notarization requirements
10. Governing Law: Specification of Indonesian law as the governing law
11. Attestation: Formal sworn statement verifying the truth of all declarations made
1. Default Provisions: Terms that apply in case of payment default or breach
2. Interest Calculations: Include when interest is applicable to the payment agreement
3. Security Arrangements: Include when collateral or security is provided for the payment
4. Dispute Resolution: Include when specific dispute resolution mechanisms are agreed upon
5. Force Majeure: Include when parties want to address circumstances beyond their control
6. Witness Statements: Include when additional witnesses are present to verify the agreement
7. Assignment Rights: Include when transfer of rights needs to be addressed
8. Confidentiality: Include when payment details need to be kept confidential
1. Payment Schedule: Detailed breakdown of payment installments and due dates
2. Supporting Documents: Copies of relevant documents evidencing the original debt or obligation
3. Proof of Identity: Copies of identification documents of all parties
4. Bank Details: Complete banking information for payment processing
5. Previous Agreements: Copies of any previous agreements or payment arrangements
6. Security Documents: Details of any collateral or security arrangements if applicable
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Construction
Manufacturing
Retail
Professional Services
Education
Healthcare
Technology
Small and Medium Enterprises
Legal Services
Import/Export
Agriculture
Hospitality
Relevant Teams
Legal
Finance
Accounts Receivable
Treasury
Credit Control
Compliance
Risk Management
Corporate Secretariat
Collections
Contract Administration
Relevant Roles
Chief Financial Officer
Finance Manager
Legal Counsel
Corporate Secretary
Credit Manager
Collections Officer
Accounts Receivable Manager
Contract Administrator
Risk Manager
Treasury Manager
Compliance Officer
Business Development Manager
Account Manager
Financial Controller
Legal Administrator
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