The Repayment Plan Agreement is utilized when a debtor needs to restructure their payment obligations to a creditor under German law. This document is particularly relevant in situations where the original payment terms need modification due to financial hardship, business restructuring, or other circumstances affecting the debtor's ability to pay. The agreement provides a formal framework under German law for managing debt repayment, helping avoid more severe measures such as formal insolvency proceedings. It typically includes detailed payment schedules, interest calculations, and enforcement mechanisms, all structured to comply with German Civil Code (BGB) requirements and relevant banking regulations. The document serves both parties by providing legal certainty and clear terms for the debt resolution process.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the creditor and debtor with full legal names, addresses, and registration details if applicable
2. Background: Context of the original debt, current outstanding amount, and circumstances leading to the repayment plan
3. Definitions: Definitions of key terms used throughout the agreement
4. Acknowledgment of Debt: Formal acknowledgment of the debt amount and its validity
5. Repayment Terms: Detailed structure of the repayment plan including payment amounts, frequency, and duration
6. Payment Method: Specified method(s) of payment and account details
7. Interest: Interest rates applicable during the repayment period, if any
8. Default Provisions: Consequences of missing payments or breaching the agreement
9. Representations and Warranties: Statements of fact and assurances from both parties
10. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction
11. Signatures: Execution block for all parties
1. Security Interest: Details of any collateral or security provided for the debt - include when there is specific collateral securing the debt
2. Early Repayment: Terms for early repayment options - include when early repayment is permitted
3. Third-Party Guarantees: Details of any guarantors - include when there are third-party guarantors
4. Insurance Requirements: Any required insurance coverage - include when specific insurance is required to secure the debt
5. Debt Counseling Provisions: References to debt counseling services - include when dealing with consumer debtors
6. Tax Implications: Statement on tax responsibilities - include when there are significant tax considerations
7. Modification Terms: Process for modifying the agreement - include when flexibility might be needed
8. Hardship Provisions: Provisions for temporary payment modifications in case of hardship - include for longer-term agreements
1. Schedule A - Payment Schedule: Detailed table of payment dates and amounts
2. Schedule B - Original Debt Documentation: Copies or references to original debt agreements or invoices
3. Schedule C - Current Account Statement: Statement showing current debt balance and calculation
4. Appendix 1 - Direct Debit Authorization: If applicable, authorization for automatic payments
5. Appendix 2 - Security Documentation: If applicable, documentation relating to any security interests
6. Appendix 3 - Guarantee Documents: If applicable, third-party guarantee agreements
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Legal Services
Debt Collection
Credit Management
Insurance
Real Estate
Retail
Manufacturing
Professional Services
Construction
Healthcare
Relevant Teams
Legal
Finance
Credit Management
Risk Management
Collections
Treasury
Compliance
Corporate Affairs
Business Development
Account Management
Relevant Roles
Credit Manager
Financial Controller
Legal Counsel
Debt Collection Officer
Risk Manager
Account Manager
Insolvency Practitioner
Corporate Lawyer
Finance Director
Treasury Manager
Debt Counselor
Compliance Officer
Business Development Manager
Chief Financial Officer
Find the exact document you need
Personal Payment Agreement
A German law-governed agreement establishing structured payment terms and conditions between parties, compliant with BGB requirements.
find out more
Agreement For Receiving Money
A German law-governed agreement establishing terms and conditions for receiving monetary funds, ensuring compliance with German financial regulations and EU directives.
find out more
Personal Loan Payment Agreement
A German law-governed agreement establishing terms and conditions for a personal loan, compliant with BGB requirements and consumer protection laws.
find out more
Loan Payment Agreement Letter
A German law-governed document establishing loan repayment terms between lender and borrower, compliant with BGB requirements and banking regulations.
find out more
Agreement To Pay For Car Accident Damages
A German law-compliant agreement that formalizes the terms and conditions for paying damages resulting from a vehicular accident.
find out more
Money Contract
A German law-governed loan agreement establishing terms and conditions for lending and borrowing money, compliant with German Civil Code and banking regulations.
find out more
Vehicle Purchase Agreement Payment Plan
A German law-governed agreement for vehicle purchase with structured payment terms, combining sales and financing provisions in compliance with German Civil Code requirements.
find out more
Taking Over Car Installments Agreement
A German law-governed agreement for transferring car loan payment obligations from one party to another, with creditor consent and compliance with BGB requirements.
find out more
Interim Payment Agreement
A German law-governed agreement establishing temporary payment arrangements between parties, including payment terms, schedules, and obligations under German commercial law.
find out more
Agreement For Partial Payment
A German law-governed agreement establishing terms for debt repayment through scheduled installments, structured under the German Civil Code (BGB).
find out more
Payment Agreement Contract For Car Accident
A German law-governed contract establishing payment terms and settlement conditions between parties involved in a motor vehicle accident.
find out more
Debt Payment Agreement
A German law-governed agreement establishing debt repayment terms and conditions between creditor and debtor.
find out more
Auto Payment Contract
German law-governed automatic payment agreement establishing terms for recurring payments, compliant with German banking and payment services regulations.
find out more
Contract For Taking Over Payments On A Vehicle
A German law-governed agreement for transferring vehicle payment obligations from one party to another, ensuring legal compliance and protecting all parties' interests.
find out more
Contract To Pay Back Money Owed
A German law agreement documenting debt acknowledgment and establishing structured repayment terms between creditor and debtor.
find out more
Contract For Payment Of Services
A German-law governed agreement defining service provision terms and payment arrangements between a service provider and client, structured under German Civil Code requirements.
find out more
Loan Repayment Contract
A German law agreement establishing terms for loan repayment, including payment schedule, interest, and default provisions.
find out more
Fee Payment Agreement
A German law-governed agreement establishing terms and conditions for fee payments between parties, including payment schedules, methods, and compliance requirements.
find out more
Employee Repayment Agreement
A German-law agreement outlining terms for employee repayment of employer-funded training costs upon early departure from the company.
find out more
Freelance Payment Contract
A German law contract establishing payment terms and conditions between a client and freelancer, including payment schedules, invoicing requirements, and tax considerations.
find out more
Agreement To Pay For Services
A German law-governed agreement establishing payment terms and conditions for professional services, aligned with BGB requirements.
find out more
Settlement Agreement Payment Terms
A German law-governed document establishing structured payment terms for settling disputes, including payment schedules, methods, and default provisions.
find out more
Pay Off Agreement
A German law-governed agreement that establishes terms for settling outstanding debt obligations between creditor and debtor.
find out more
Partial Payment Agreement For Lot
German law-governed agreement for purchasing a lot through scheduled installment payments, including property transfer terms and notarization requirements.
find out more
Partial Payment Agreement For House And Lot
A German law-compliant agreement for purchasing property through structured partial payments, including notarization and land registry requirements.
find out more
Install Agreement
A German law-governed agreement defining terms and conditions for equipment or system installation, following BGB requirements for Werkvertrag.
find out more
Down Payment Contract
A German law-governed contract establishing terms and conditions for advance payments, including payment details, security provisions, and refund conditions.
find out more
Commission Payment Agreement
A German law-governed agreement establishing commission payment terms and conditions between a principal and sales representative, including rates, calculations, and payment terms.
find out more
Bill Of Sale Agreement With Payments
A German law-governed agreement for asset sales with structured payment terms, compliant with BGB requirements.
find out more
Agreement For Cash Payment
A German law-governed agreement establishing terms and conditions for cash payment between parties, ensuring compliance with German financial regulations and documentation requirements.
find out more
Advance Payment Contract
A German law contract governing advance payments for goods/services, including payment terms, securities, and delivery conditions.
find out more
Advance Payment Agreement
A German law-governed agreement setting out terms and conditions for advance payments, including security arrangements and payment mechanisms.
find out more
Settlement Agreement With Installment Payments
A German law-governed agreement that resolves disputes through structured installment payments, including payment terms, schedules, and enforcement mechanisms.
find out more
Recurring Payment Contract
A German law-governed contract establishing terms for recurring payment obligations, compliant with BGB and payment services regulations.
find out more
Prepayment Agreement
A German law agreement governing advance payments for goods or services, including payment terms, security measures, and delivery obligations.
find out more
Payout Agreement
A German law-governed agreement specifying terms and conditions for monetary payments between parties, ensuring compliance with German legal requirements and GDPR.
find out more
Payment Undertaking Agreement
A German law-governed agreement establishing an independent payment obligation, typically used in financial and commercial transactions to provide payment certainty.
find out more
Partial Payment Contract
A German law agreement establishing terms for installment payments, including payment schedule, interest rates, and default provisions.
find out more
Loan Repayment Agreement Employee
A German law-governed agreement establishing terms for an employer-provided loan to an employee and its repayment through salary deductions.
find out more
Invoicing Agreement
A German law-governed agreement establishing invoicing procedures and requirements between contracting parties, ensuring compliance with German commercial and tax regulations.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)