Summary
To create a debt settlement agreement in Dubai, include names and details of both parties, the total amount owed, payment terms, interest rate, consequences of default, and dispute resolution methods. For further assistance, contact Dubai Courts.Full Conversation
Im based in dubai
To create a debt settlement agreement in Dubai, consider including the following key points:
- Names and details of both parties (creditor and debtor).
- The total amount owed ($*,*).
- Payment terms (installments, lump sum, due dates).
- Interest rate (if applicable).
- Consequences of default.
- Dispute resolution method.
For further assistance, you may consider contacting the Dubai Courts:
Dubai Courts
Phone: +* * * *
Address: Al Garhoud, Dubai, UAE
Website: www.dc.gov.aeWould you like more information on any specific clause?
Can you make a sample agreement
Certainly! Here’s a sample debt settlement agreement for your situation:
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Debt Settlement Agreement
**This Debt Settlement Agreement ("Agreement") is made and entered into on [Date], by and between:**
**Creditor:**
- Name: [Your Name]
- Address: [Your Address]
- Contact Information: [Your Contact Information]
**Debtor:**
- Name: [Friend's Name]
- Address: [Friend's Address]
- Contact Information: [Friend's Contact Information]
***. Amount Owed:**
The Debtor acknowledges that they owe the Creditor the amount of $*,* (Seven Hundred Thousand U.S. Dollars).
***. Payment Terms:**
The Debtor agrees to pay the total owed amount as follows:
- Payment Method: [e.g., Bank Transfer, Cash, etc.]
- Payment Schedule: [e.g., Lump sum, Monthly Installments]
- Due Dates: [Specify dates]
***. Interest Rate:**
- [Specify if any interest is to be applied and the rate]
***. Consequences of Default:**
In the event of default by the Debtor in making any payment, the Creditor may:
- Demand immediate payment of the entire remaining balance.
- [Specify any additional
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