Installment Payment Agreement Template for Switzerland

The Installment Payment Agreement serves as a crucial document for managing debt repayment in a structured and legally compliant manner under Swiss law. This agreement is typically used when a debtor needs to repay a substantial sum over time, whether in a business-to-business context or with individual consumers. It becomes particularly relevant in situations involving large purchases, debt restructuring, or settlement arrangements. The document ensures compliance with Swiss financial regulations, including the Code of Obligations and, where applicable, consumer credit laws. It provides legal certainty by clearly defining payment terms, consequences of default, and enforcement mechanisms, while protecting both creditor and debtor interests through well-defined rights and obligations.

1. Parties: Identification and details of the creditor and debtor, including full legal names, addresses, and registration details if applicable

2. Background: Context of the debt, including its origin and current status

3. Definitions: Key terms used throughout the agreement

4. Acknowledgment of Debt: Clear statement of the total amount owed and debtor's acknowledgment

5. Payment Terms: Details of installment amounts, payment frequency, and payment methods

6. Payment Schedule: Specific dates or timeframes for each installment payment

7. Interest: Interest rates applicable to the debt and calculation method

8. Default Provisions: Consequences of missing payments, including acceleration clauses and default interest

9. Representations and Warranties: Statements of fact and promises by both parties

10. Notices: How formal communications between parties should be made

11. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction

12. Entire Agreement: Standard boilerplate confirming this document represents the complete agreement

13. Execution: Signature blocks and execution requirements