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Deed of Acknowledgement of Debt

Deed of Acknowledgment of Debt is an instrument by which a debtor acknowledges his or her indebtedness to the creditor and the amount of the debt. … If you require legal advice in relation to Acknowledgements of Debt, please contact us to arrange a meeting so that we may consider your specific circumstances.

 

 

 

This Deed of acknowledgement of debt is set out in traditional deed format including provisions relating to:

  • Definitions
  • Interpretation
  • Bar to actions
  • No admission of liability
  • GST
  • Confidentiality
  • Warranties by parties
  • Counterparts, execution
  • Costs
  • Severance
  • Variations
  • Further assurances

This Deed of Acknowledgement of Debt is 7 pages long.

Acknowledgement of Debt Letter

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Letter of demand checklist

  • Have you have already tried friendlier means to recover the debt, such as a polite phone call or late payment reminder letters?
  • Does it include precisely accurate information? Could anyone say that something in the letter is false or misleading?
  • Does it include a late payment interest rate? (This should only be included if it was specified in the contract.)
  • Does it inform the hirer of any action you are not willing to take? (You should only mention action that you are prepared to take.)
  • Is it polite and respectful? (It shouldn’t harass the hirer.)
  • Have you signed and dated it?
  • Have you attached copies of all relevant supporting documentation? (For example, a contract, invoice, first and second late payment reminder letters and any relevant emails, faxes or letters.)
  • Have you kept a copy of the original documents and the signed letter of demand?

Important: Make sure you send the letter by registered post and that you request a ‘signed proof of delivery’ card (keep this card in case you need it as evidence in court later).

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