Financial & Debt

Create a formal acknowledgement of debt where a debtor admits liability for an amount owing and agrees to repay the debt by a specified date or in agreed instalments.

Create a clear loan agreement recording the loan amount, repayment terms, interest, default consequences, security, suretyship, early settlement, and the rights and obligations of the lender and borrower.

Create an instalment payment agreement allowing a debtor to repay an outstanding amount over time, with clear payment dates, instalment amounts, default consequences, interest, and settlement terms.

Create a suretyship agreement where a surety agrees to be responsible for another person’s debt or obligations if the principal debtor fails to pay or perform.

Create a debt settlement agreement recording a negotiated settlement of an outstanding debt, including the settlement amount, payment terms, waiver conditions, default consequences, and full-and-final settlement wording.

Create a structured repayment plan setting out how a debtor will repay an outstanding debt over time, including repayment dates, instalments, interest treatment, review dates, and default consequences.

Create a profit sharing agreement recording how profits from a business, project, investment, sale, partnership, referral, or joint activity will be calculated, verified, distributed, and audited.

Create a formal letter of demand requiring payment, performance, return of property, or correction of a breach before further legal action is taken.

Create a final demand before legal action, giving the debtor a last opportunity to pay, perform, or remedy a breach before summons, cancellation, handover, or enforcement steps are taken.

Create a pledge and security agreement where a debtor gives movable property, shares, equipment, stock, receivables, documents, or other assets as security for repayment or performance of an obligation.

Create a payment in kind agreement where a debt or obligation is settled by transferring goods, assets, services, shares, stock, equipment, or another non-cash benefit instead of money.

South African Promissory Note — guided interview, instant preview, and downloadable PDF.