Debt Settlement Agreement Template for Hong Kong

1. Security Arrangements: Include when the settlement is secured by assets or guarantees

2. Joint and Several Liability: Required when multiple debtors are involved

3. Confidentiality: Include when parties wish to keep the settlement terms private

4. Tax Implications: Include when there are significant tax consequences to the settlement

5. Conditions Precedent: Include when settlement is conditional on certain events or actions

6. Early Payment Provisions: Include when there are terms for early settlement or discount

7. Interest on Late Payments: Include when specific interest rates apply to late payments under the settlement

8. Notices: Include when formal notice provisions are required for communications

1. Schedule 1 - Original Debt Details: Details of the original debt including date, amount, and any relevant documentation

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment amounts and due dates

3. Schedule 3 - Security Details: Description of any security or collateral provided (if applicable)

4. Schedule 4 - Related Agreements: List of any related agreements or documents that form part of the settlement

5. Appendix A - Form of Release: Template release document to be issued upon completion of settlement

6. Appendix B - Payment Instructions: Detailed payment instructions including bank account details