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The Overdue Invoice document is a crucial business instrument used in the Philippines when payment for goods or services remains unpaid beyond the agreed-upon terms. It serves as a formal demand for payment and often represents a critical step before initiating legal proceedings. The document must comply with Philippine commercial law, particularly the Civil Code of the Philippines and relevant Central Bank regulations regarding interest charges. It is typically used after initial payment reminders have been unsuccessful and represents a more formal escalation in the collection process. The document should include comprehensive details about the original transaction, current amount due, applicable interest or penalties as permitted under Philippine law, and clear payment instructions. This document type is particularly important as it often serves as evidence in potential legal proceedings and must therefore maintain strict compliance with local legal requirements while clearly establishing the creditor's claim.

1. Letterhead and Date: Company letterhead with complete business details including registration numbers, and the current date

2. Recipient Details: Full name and address of the debtor, including business registration details if a company

3. Subject Line: Clear indication that this is a formal demand for payment of overdue invoice

4. Invoice Reference: Specific details of the original invoice including invoice number, date issued, and original due date

5. Amount Details: Clear statement of the original amount, any applicable late fees or interest, and the total amount now due

6. Payment History: Summary of any partial payments made and remaining balance

7. Demand Statement: Formal demand for payment including the specific amount and deadline

8. Payment Instructions: Clear instructions on how and where to make the payment

9. Legal Notice: Statement regarding potential legal consequences if payment is not received by the specified deadline