Final Request For Payment Letter Template for Singapore

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Key Requirements PROMPT example:

Final Request For Payment Letter

"I need a Final Request For Payment Letter for an outstanding invoice of $50,000 from a manufacturing client who has missed three payment deadlines, with a final payment deadline of March 15, 2025, and I want to include a warning about potential legal action."

Document background
The Final Request For Payment Letter is a critical document used when all previous attempts to collect payment have been unsuccessful. It represents the final step before formal legal proceedings under Singapore jurisdiction. This document should clearly state the outstanding amount, payment history, and provide a reasonable but firm deadline for payment. It must comply with Singapore's debt collection practices and maintain professional standards while clearly communicating the serious nature of the situation and potential legal consequences of non-payment.
Suggested Sections

1. Recipient Details: Full name, address, and reference numbers

2. Debt Details: Original amount, current amount, interest (if applicable)

3. Payment History: Summary of previous payments and attempts to collect

4. Final Payment Demand: Clear statement this is final notice before legal action

5. Payment Terms: Deadline and acceptable payment methods

6. Legal Consequences: Clear statement of next steps if payment not received

Optional Sections

1. Payment Plan Options: Optional section for when willing to accept structured payments - typically used for large amounts or when previous willingness to pay shown

2. Interest Calculations: Optional section for breakdown of interest charges - used when contract allows for interest charges

3. Previous Correspondence Summary: Optional section listing previous communications - used in cases of prolonged payment disputes

Suggested Schedules

1. Original Invoice: Copy of original invoice or contract

2. Statement of Account: Detailed breakdown of charges and payments

3. Payment History Log: Record of all payment attempts and communications

4. Payment Instructions: Detailed payment methods and bank details

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Limitation Act 1959: Sets time limits for debt recovery claims (6 years for contractual debts) and ensures the demand is made within legal timeframes

Contract Law (Application of Laws Act): Governs fundamental contract principles under Singapore law and ensures the original contract and debt are legally valid

Companies Act: Regulates corporate entities and requirements for proper company representation in business transactions

Consumer Protection (Fair Trading) Act: Governs consumer transactions and establishes fair trading requirements and practices

State Courts Practice Directions: Establishes pre-action protocols for debt claims and requirements before initiating legal proceedings

Personal Data Protection Act 2012: Regulates proper handling of personal information in correspondence and privacy considerations

Moneylenders Act: Governs lending situations and regulations on debt collection practices

Banking Act: Regulates banking institutions and relevant banking regulations for debt-related matters

Credit Bureau Singapore Regulations: Governs credit reporting and establishes fair debt collection practices

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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