欠款合同模板英文版

欠款合同模板英文版
This Debt Agreement (the “Agreement”) is entered into on [Insert Date] by and between [Creditor’s Name], with a registered address at [Insert Address] (the “Creditor”), and [Debtor’s Name], with a registered address at [Insert Address] (the “Debtor”).
WHEREAS, the Creditor has provided the Debtor with a loan of [Insert Loan Amount] on [Insert Date] (the “Loan”), and the Debtor is obligated to repay the Loan amount plus any agreed-upon interest in accordance with the terms of this Agreement;
NOW, THEREFORE, in consideration of the promises and covenants exchanged herein, the Parties agree as follows:
1. Loan Amount and Interest
1.1 The Debtor owes a total loan amount of [Insert Loan Amount] to the Creditor, which shall be repaid in full according to the terms outlined in this Agreement.
1.2 Any interest accrued on the Loan amount shall be [Insert Interest Rate] per annum, calculated from the date of disbursement of the Loan until full repayment is made.
2. Repayment Schedule
2.1 The Debtor agrees to repay the Loan amount and any accrued interest according to the following repayment schedule:
- Monthly installments of [Insert Amount] beginning on [Insert Date] until the Loan amount is fully repaid.
2.2 The Debtor shall make payments to the Creditor in the form of [Insert Payment Method] on the agreed-upon due dates until the Loan is fully settled.
3. Late Payments
3.1 In the event that the Debtor fails to make a payment as per the agreed-upon schedule, a late fee of [Insert Late Fee Amount] shall be charged for each late payment until the outstanding amount is settled.
3.2 Failure to make payments for a consecutive period of [Insert Number of Months] months may result in the Creditor taking legal action to recover the debt.
4. Prepayment
4.1 The Debtor shall have the option to prepay the outstanding Loan amount in full at any time without incurring any prepayment penalty.
5. Assignment
5.1 This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors, assigns, and legal representatives.
5.2 The Debtor shall not assign any rights or obligations under this Agreement without the prior written consent of the Creditor.
6. Governing Law
6.1 This Agreement shall be governed by and construed in accordance with the laws of [Insert State/Country].
IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first above written.
Creditor:
______________________
[Printed Name and Signature]
Debtor:
______________________
[Printed Name and Signature]
Date: __________________
Please note that this template is a general outline and may need to be customized based on the specific terms of the loan agreement between the Creditor and the Debtor. It is recommended to seek legal advice before finalizing any debt agreement.。