The First Demand Letter For Payment is a crucial document in Hong Kong's commercial landscape, typically used when formal collection efforts need to be initiated for an outstanding debt. It serves as the initial formal step in the debt recovery process, following any informal payment requests or overdue notices. The document must comply with Hong Kong's legal requirements and typically includes detailed information about the debt, including the original amount, any accrued interest (subject to local interest rate regulations), payment history, and a clear deadline for payment. It's essential to maintain a professional and firm tone while ensuring all stated claims are accurate and verifiable. The letter should be precise enough to stand up to legal scrutiny if further enforcement actions become necessary, making it a vital tool in commercial debt collection.
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. Sender's Details: Full legal name, address, and contact information of the creditor or their representative
2. Date: Current date of the letter
3. Recipient's Details: Full legal name and address of the debtor
4. Subject Line: Clear indication that this is a demand for payment
5. Debt Information: Clear statement of the amount owed, including the original debt amount and any accrued interest
6. Payment History: Brief reference to previous invoices, payments, or payment requests
7. Legal Basis: Reference to the contract or basis for the debt
8. Payment Instructions: Clear payment deadline and acceptable payment methods
9. Consequences: Statement of intended actions if payment is not received by the deadline
10. Closing: Professional closing with signature block and position of sender
1. Previous Communications: Reference to prior attempts to collect the debt, used when there has been a history of payment requests
2. Interest Calculation: Detailed explanation of how interest has been calculated, used when charging interest on the outstanding amount
3. Settlement Offer: Proposed payment plan or settlement terms, used when willing to negotiate payment terms
4. Without Prejudice: Legal disclaimer protecting the creditor's rights, used when making settlement offers
5. Disputed Amounts: Addressing any previously disputed amounts, used when there has been correspondence about disputed charges
1. Schedule A - Payment History: Detailed chronological list of all relevant invoices, payments, and balances
2. Schedule B - Interest Calculations: Detailed breakdown of interest calculations and applicable rates
3. Schedule C - Supporting Documents: Copies of relevant invoices, contracts, or other supporting documentation
4. Schedule D - Payment Instructions: Detailed banking or payment information for settling the debt
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Manufacturing
Retail
Construction
Professional Services
Technology
Healthcare
Education
Logistics and Transportation
Wholesale Trade
Telecommunications
Energy
Insurance
Relevant Teams
Finance
Legal
Accounts Receivable
Treasury
Credit Control
Risk Management
Collections
Corporate Secretariat
Operations
Commercial
Relevant Roles
Credit Controller
Accounts Receivable Manager
Financial Controller
Chief Financial Officer
Legal Counsel
Collections Manager
Treasury Manager
Credit Risk Manager
Finance Director
Accounts Manager
Corporate Lawyer
Business Development Manager
Commercial Director
Company Secretary
Operations Manager
Find the exact document you need
Board Resolution To Sign Agreement
A Hong Kong corporate document recording the board's authorization for signing a specific agreement, including designated signatories and approval details.
find out more
Board Resolution For Signing Authority In Bank
A Hong Kong law-governed board resolution that designates authorized signatories and their powers for operating company bank accounts.
find out more
Board Resolution For Restructuring Of Loan
A Hong Kong law-governed board resolution documenting the approval and authorization of loan restructuring terms and implementation.
find out more
Board Resolution For Removal Of Authorised Signatory In Bank Account
A Hong Kong board resolution documenting the removal of an authorized signatory from company bank accounts, meeting local corporate and banking requirements.
find out more
Board Resolution For General Authorisation
A Hong Kong law-compliant board resolution that delegates specific powers and authorities to designated individuals for conducting company business.
find out more
Board Resolution For Appointment Of Director In Private Company
A board resolution documenting the appointment of a new director to a Hong Kong private company, in compliance with local company law requirements.
find out more
Board Resolution For Applying Loan From Bank
A Hong Kong corporate resolution documenting board approval for obtaining a bank loan, including loan terms and authorized signatories.
find out more
Board Resolution For Adding Authorised Signatory In Bank
A Hong Kong board resolution documenting the appointment of a new authorized signatory for company bank accounts, complying with local corporate and banking regulations.
find out more
Board Performance Review
A Hong Kong-compliant framework for evaluating board performance, effectiveness, and governance in accordance with local regulatory requirements.
find out more
Board Of Directors Code Of Ethics
A Hong Kong-compliant governance document establishing ethical standards and conduct requirements for board members, aligned with local regulations and corporate governance best practices.
find out more
Board Minutes Approval Of Loan Agreement
Hong Kong board minutes documenting directors' approval of a loan agreement, including meeting details, discussions, and formal resolutions.
find out more
Change Of Control Consent Letter
A Hong Kong law-governed formal letter documenting consent to a change in company ownership or control, ensuring compliance with existing contractual and regulatory requirements.
find out more
Board Resolution For Termination Of Lease Agreement
A Hong Kong corporate resolution documenting the board's authorization to terminate a lease agreement and appointing officers to execute the termination.
find out more
Board Resolution For Forfeiture Of Shares
A Hong Kong corporate document recording the board's resolution to forfeit shares due to non-payment of calls or installments, in compliance with local company law.
find out more
Resolution To Add Director
A Hong Kong corporate resolution document that formally appoints a new director to a company's board of directors, in compliance with local company law.
find out more
Board Resolution For Subscription Of Shares
A Hong Kong law-governed board resolution documenting the approval and authorization of new share subscriptions in a company.
find out more
Board Resolution Appointing Representative
A Hong Kong law-governed board resolution documenting the formal appointment of an authorized representative to act on behalf of a company.
find out more
Residential Verification Letter
A Hong Kong law-compliant formal document that verifies an individual's residential status at a specific address for official purposes.
find out more
Board Resolution For Termination Of Agreement
A Hong Kong corporate document recording the board's formal decision and authorization to terminate an existing agreement.
find out more
First Demand Letter For Payment
A formal payment demand letter under Hong Kong law requesting immediate settlement of outstanding debt, serving as an initial step in the debt collection process.
find out more
Board Resolution Of Private Limited Company
A formal document recording decisions made by the board of directors of a Hong Kong private limited company, in compliance with local company law requirements.
find out more
Board Resolution For Issue Of Convertible Notes
A Hong Kong law board resolution authorizing and approving the issuance of convertible notes, including terms and implementation authorities.
find out more
Board Resolution Approving Lease Agreement
A Hong Kong law-governed board resolution that formally approves and authorizes the execution of a lease agreement on behalf of the company.
find out more
Resolution Of Authority
A Hong Kong law-governed corporate resolution that delegates specific authorities to designated individuals within an organization.
find out more
Board Resolution For Share Purchase Agreement
A Hong Kong corporate document recording board approval for a share purchase transaction, including meeting details and transaction authorization.
find out more
Board Resolution For Appointment Of Legal Representative
A Hong Kong law-governed board resolution documenting the formal appointment of a company's legal representative and their authorized powers.
find out more
Board Resolution Change Of Directors
A Hong Kong corporate document recording board decisions regarding director appointments and resignations, as required by the Companies Ordinance.
find out more
Appointing A Director By Ordinary Resolution
A Hong Kong corporate resolution document for appointing a new director through ordinary resolution, compliant with Companies Ordinance requirements.
find out more
Board Resolution To Open Bank Account
A Hong Kong law-governed board resolution authorizing and specifying the arrangements for opening a corporate bank account.
find out more
Board Resolution Authorized Signatory
A Hong Kong law-governed board resolution that officially appoints and defines the powers of company authorized signatories.
find out more
First Board Meeting Resolution
A Hong Kong corporate document recording initial board decisions and resolutions following company incorporation, establishing fundamental operational and governance frameworks.
find out more
Directors Resolution For Dividends
A Hong Kong corporate document recording the board's formal decision to declare and distribute dividends to shareholders, in compliance with local company law.
find out more
Board Resolution For Call On Shares
A Hong Kong corporate resolution authorizing the board to require payment of unpaid portions of partly paid shares from shareholders.
find out more
Board Resolution For Appointment Of Corporate Representative
A Hong Kong board resolution document that formally appoints and authorizes an individual to act as a company's official representative in specified matters.
find out more
Board Resolution For AGM
A Hong Kong board resolution documenting decisions for convening and organizing the company's Annual General Meeting, complying with Hong Kong Companies Ordinance requirements.
find out more
Board Resolution Change Of Registered Office
A Hong Kong law-governed board resolution documenting the formal decision to change a company's registered office address.
find out more
Board Resolution For Sale Of Shares Of Subsidiary Company
A Hong Kong corporate document recording board approval for the sale of shares in a subsidiary company, including transaction terms and authorized signatories.
find out more
Board Resolution For Purchase Of Shares Of Other Company
A Hong Kong law-compliant board resolution documenting the approval and authorization for purchasing shares in another company, including transaction terms and delegated authorities.
find out more
Board Resolution For Joint Venture
A Hong Kong law-compliant corporate document recording board approval for entering into a joint venture arrangement, including key terms and authorizations.
find out more
Board Resolution For Increase In Paid Up Capital
A Hong Kong law-governed board resolution document that formally authorizes and records the increase in a company's paid-up capital, in compliance with the Companies Ordinance.
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)