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
Commitment Letter To Pay Debt
"I need a Commitment Letter To Pay Debt for a corporate loan of SGD 250,000, with monthly installments over 24 months starting March 2025, including a 5% annual interest rate and default provisions."
1. Debtor Details: Full legal name, identification/registration number, and address of the person/entity acknowledging the debt
2. Creditor Details: Full legal name, identification/registration number, and address of the person/entity to whom the debt is owed
3. Debt Acknowledgment: Clear statement acknowledging the existence and amount of the debt
4. Payment Terms: Specific details about how and when the debt will be repaid, including payment schedule
5. Date and Execution: Date of the commitment letter and signature blocks for all parties
1. Interest Terms: Details of any interest applicable to the debt, used when interest is part of the repayment agreement
2. Security Details: Description of any collateral or security provided, used when the debt is secured
3. Default Provisions: Consequences of missing payments, used when specific default terms are agreed
4. Dispute Resolution: Process for handling disputes, used in more formal arrangements
1. Payment Schedule: Detailed breakdown of payment dates and amounts
2. Original Debt Documentation: Copies of documents evidencing the original debt
3. Security Documentation: Details of any security or collateral (if applicable)
Authors
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.