US Law Videos .com
Helping you understand American law through
video, books, links, forms, and more ...

(195 videos)

UK Agreement to Compromise Debt

UK lenders and business owners, if a customer owes you money and you are willing to accept payment of a lesser sum in order to settle the debt, you can sign this Agreement to Compromise Debt with the customer.

The creditor agrees to accept the lesser sum from the debtor as payment in full, provided that the sum is paid within a specified time failing which the creditor will have the right to sue the debtor for the full amount of the debt.

This United Kingdom Agreement to Compromise Debt template is provided in MS Word format, and is fully editable to meet your business needs.

Download: UK Agreement to Compromise Debt

Related Forms:

Related Categories:

Legal Forms & Documents > Loan Transaction Forms > UK Loan Transaction Forms

NOTICE: The information and links contained on this web page are intended only to be merely informative and are NOT intended to provide legal advice to any person/entity. Never rely solely on the information contained on this web site or on any third-party web site. Information and/or links may not apply or be appropriate to your situation and/or may be out of date. Any person with a specific legal question or legal problem should always consult with and seek the advice of a qualified lawyer. E.&O.E. Legal disclaimer

Canadian Law Resources:

www.USLawVideos.com (14-Apr-2018) E.&O.E.