Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Debt Repayment Agreement
1. Parties: Identifies and provides full details of the creditor and debtor, including legal names, addresses, and registration numbers if applicable
2. Background: Explains the context of the debt, including its origin and current status
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Acknowledgment of Debt: Formal acknowledgment of the debt amount and its validity by the debtor
5. Repayment Terms: Details of the repayment schedule, including payment amounts, frequency, and method of payment
6. Interest: Specifies the applicable interest rate, calculation method, and terms for interest payments
7. Default Provisions: Consequences of missing payments or breaching the agreement
8. Representations and Warranties: Statements of fact and assurances from both parties regarding their capacity and authority
9. Notices: How formal communications between parties should be made and delivered
10. Governing Law and Jurisdiction: Confirms Danish law as governing law and specifies jurisdiction for dispute resolution
11. Signatures: Execution block for parties to sign and date the agreement
1. Security: Include when the debt is secured by collateral or guarantees
2. Early Repayment: Include when early repayment options are available, specifying any conditions or penalties
3. Insurance Requirements: Include when specific insurance must be maintained by the debtor
4. Third-Party Guarantor: Include when a guarantor is providing additional security for the debt
5. Debt Consolidation: Include when multiple debts are being consolidated into this agreement
6. Force Majeure: Include when parties want to address circumstances beyond their control affecting repayment
7. Assignment: Include when transfer rights of the debt need to be addressed
8. Confidentiality: Include when parties want to keep the terms of the agreement private
1. Schedule 1 - Repayment Schedule: Detailed payment schedule showing dates, amounts, and running balance
2. Schedule 2 - Original Debt Documentation: Copies of original agreements or documents evidencing the debt
3. Schedule 3 - Security Details: Details of any security or collateral provided (if applicable)
4. Appendix A - Calculation of Interest: Detailed explanation of interest calculations and examples
5. Appendix B - Payment Instructions: Detailed banking and payment processing information
6. Appendix C - Contact Information: Complete contact details for all relevant parties and representatives
Authors
Business Day
Creditor
Debt
Debtor
Default
Default Interest Rate
Due Date
Early Repayment
Effective Date
Event of Default
Guarantor
Initial Debt Amount
Interest Rate
Late Payment
Material Adverse Change
Original Due Date
Outstanding Balance
Payment Date
Payment Schedule
Permitted Payment Method
Principal Amount
Repayment Date
Repayment Installment
Repayment Period
Repayment Schedule
Security
Settlement Date
Termination Event
Working Day
Repayment Terms
Interest
Default
Security
Representations and Warranties
Covenants
Early Repayment
Events of Default
Remedies
Force Majeure
Assignment
Notices
Amendments
Severability
Entire Agreement
Waiver
Confidentiality
Costs and Expenses
Governing Law
Jurisdiction
Dispute Resolution
Third Party Rights
Counterparts
Electronic Execution
Payment Instructions
Acceleration
Collection Costs
Set-Off Rights
Termination
Find the exact document you need
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.