Your data doesn't train Genie's AI
You keep IP ownership of your information
1. Letter Header: Date, recipient's name and address, and reference number if applicable
2. Subject Line: Clear indication that this is a Commitment Letter for Payment
3. Opening Salutation: Formal greeting to the recipient
4. Debt Acknowledgment: Clear statement acknowledging the existing debt or payment obligation, including the total amount
5. Payment Commitment: Specific commitment to pay, including payment amount, currency, and timing
6. Payment Terms: Detailed payment schedule, method of payment, and bank account details
7. Default Consequences: Statement of consequences for failing to meet the payment commitment
8. Declaration of Authority: Confirmation that the signatory has authority to make this commitment
9. Closing: Formal closing, signature block, and company stamp if applicable
1. Security Details: Include when the payment commitment is secured by specific assets or collateral
2. Guarantor Information: Include when a third party is guaranteeing the payment obligation
3. Force Majeure: Include when specific circumstances might affect payment ability
4. Dispute Resolution: Include when specific dispute resolution mechanisms need to be established
5. Interest Terms: Include when interest will be charged on late payments
6. Previous Agreements Reference: Include when this commitment letter relates to or supersedes previous payment agreements
1. Payment Schedule: Detailed breakdown of payment installments, dates, and amounts
2. Referenced Documents: List of relevant documents that form the basis of the payment obligation
3. Security Details Schedule: Detailed description of any assets or collateral securing the payment
4. Previous Correspondence: Chronological list of relevant previous correspondence regarding the payment obligation
Banking and Financial Services
Real Estate
Construction
Manufacturing
Retail
Professional Services
Healthcare
Education
Technology
Telecommunications
Energy
Agriculture
Import/Export
General Commerce
Finance
Legal
Accounts Receivable
Treasury
Credit Control
Risk Management
Operations
Commercial
Compliance
Corporate Secretariat
Chief Financial Officer
Finance Manager
Credit Controller
Accounts Receivable Manager
Collections Manager
Financial Controller
Treasury Manager
Business Owner
Managing Director
Legal Counsel
Company Secretary
Debt Recovery Officer
Risk Manager
Commercial Manager
Operations Director
Find the exact document you need
Affidavit Of Payment Agreement
A sworn payment agreement document under Nigerian law that formally establishes debt acknowledgment and payment terms, executed before a Commissioner for Oaths.
Contract Agreement For Payment Installments
A Nigerian law-governed agreement establishing terms for debt repayment through scheduled installments, including payment terms, interest, and default provisions.
Contract Of Repayment
A Nigerian law-governed agreement establishing terms and conditions for debt repayment, including payment schedules, interest rates, and default provisions.
Promissory Payment Agreement
A Nigerian law-governed agreement documenting a formal promise to pay a specified sum under defined terms and conditions.
Rent Arrears Repayment Agreement
Nigerian law-compliant agreement establishing a structured repayment plan for outstanding rent between landlord and tenant.
Model Payment Contract
A standardized payment agreement template compliant with Nigerian law and Central Bank regulations, suitable for various business payment arrangements.
Cash Payment Agreement Letter
A Nigerian law-governed document that formalizes and records the terms of a cash payment transaction, ensuring compliance with local financial regulations and providing legal documentation of the arrangement.
Repayment Agreement Form
A Nigerian law-governed agreement that establishes formal terms and conditions for debt repayment between creditor and debtor, including payment schedule and default provisions.
Employee Payment Agreement
A legally-compliant agreement under Nigerian law that establishes payment terms and conditions between employer and employee.
Car Down Payment Agreement Form
A Nigerian legal document formalizing vehicle down payment terms and conditions between buyer and seller under Nigerian law.
Agreement To Pay Back Money Owed
A Nigerian law-governed agreement that formalizes debt repayment terms and conditions between a creditor and debtor, establishing legally binding payment obligations.
Auto Payment Contract
A Nigerian law-governed Auto Payment Contract establishing automated payment arrangements between financial institutions and customers, compliant with CBN regulations.
Independent Contractor Payment Terms
Nigerian-law governed payment terms document for independent contractor engagements, outlining payment structure, schedules, and obligations.
Instalment Purchase Agreement
Nigerian law-governed agreement for purchasing goods through instalments, with seller retaining title until full payment.
Agreement Letter For Payment Of Land
A Nigerian law-governed agreement letter detailing land payment terms and conditions between seller and buyer, compliant with the Land Use Act.
Advance Payment Agreement Letter
A Nigerian law-governed letter agreement establishing terms and conditions for advance payment between parties, including payment details and security arrangements.
Employee Repayment Agreement
A Nigerian law-governed agreement establishing terms for employee repayment of costs or expenses to their employer, including payment schedule and compliance with local labor laws.
Contract For Repayment Of Money
A Nigerian law-governed agreement establishing terms and conditions for money repayment between parties, including payment schedule, interest, and security arrangements.
Settlement Agreement Payment
A Nigerian law-governed agreement that documents settlement payment terms and conditions between parties to resolve a dispute.
Rental Agreement Advance Payment
A Nigerian law-governed agreement establishing terms for advance rental payments between landlord and tenant, including payment structure and party obligations.
Payment Plan Letter To Debtor
A legally binding document under Nigerian law that establishes a formal payment plan between creditor and debtor for settling outstanding debt through scheduled installments.
Pay Off Agreement
A Nigerian law-governed agreement that establishes terms and schedule for settling an outstanding debt between creditor and debtor.
Pay Back Contract
A Nigerian law-governed agreement documenting loan terms, repayment obligations, and security arrangements between a lender and borrower.
Partial Payment Agreement For House And Lot
A Nigerian law-compliant agreement for the purchase of a house and lot through structured partial payments, outlining payment terms and ownership transfer conditions.
Install Agreement
A Nigerian law-governed agreement setting out terms and conditions for equipment or system installation, including contractor and client obligations, specifications, and compliance requirements.
Independent Contractor Payment Agreement
A Nigerian law-governed agreement establishing payment terms and conditions between a client and independent contractor, including compensation structure and compliance requirements.
Final Payment Agreement
A Nigerian law-governed agreement that documents and formalizes the terms for final settlement of an outstanding financial obligation.
Down Payment Contract
A Nigerian law-governed agreement establishing terms and conditions for down payments in purchase transactions, including payment terms, obligations, and remedies.
Commitment Letter To Pay Debt
A legally binding document under Nigerian law where a debtor formally acknowledges a debt and commits to specific repayment terms.
Bill Of Sale Agreement With Payments
A Nigerian law-governed agreement for the sale of property or goods with structured payment terms, ensuring secure transfer of ownership and payment protection.
Advance Payment Contract
A Nigerian law-governed contract establishing terms and conditions for advance payments, including security arrangements and recovery mechanisms.
Advance Payment Agreement
A Nigerian law-governed agreement establishing terms for advance payments, including security measures and refund conditions.
Prepayment Agreement
A Nigerian law-governed agreement establishing terms and conditions for advance payment arrangements, including security provisions and performance obligations.
Payment Release Agreement
A Nigerian law-governed agreement that documents payment terms and releases between parties, ensuring legal finality of payment obligations.
Pay Settlement Agreement
A legally binding agreement under Nigerian law that documents the terms of a payment settlement between employer and employee, including settlement amount, payment terms, and mutual releases.
Partnership Payment Agreement
A Nigerian law-governed agreement that establishes payment terms and profit-sharing arrangements between business partners, ensuring regulatory compliance and clear financial obligations.
Partial Rent Payment Agreement
A Nigerian law-governed agreement establishing terms for partial rent payments while maintaining original lease validity.
Part Payment Sale Agreement
A Nigerian law-governed agreement structuring the sale of goods or assets with payment in installments, detailing payment terms and ownership transfer conditions.
Money Received Agreement
A Nigerian law-compliant agreement documenting the receipt of funds and associated terms between parties, including repayment obligations and conditions.
Loan Repayment Agreement Employee
A Nigerian law-governed agreement establishing terms for an employee loan and its repayment through salary deductions, protecting both employer and employee interests.
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