The Promise of Payment Contract serves as a crucial legal instrument in New Zealand's commercial and financial landscape, providing a formal structure for debt repayment arrangements. This document is typically used when parties need to establish clear, legally binding terms for the repayment of an existing debt, whether arising from business transactions, personal loans, or other financial obligations. It includes essential elements such as debt acknowledgment, payment schedules, interest calculations, and default provisions, all compliant with New Zealand legislation. The agreement is particularly valuable in situations where informal payment arrangements need to be formalized or when additional security is required for debt collection. The document's structure and content are designed to meet the requirements of New Zealand contract law while providing practical mechanisms for debt management and enforcement.
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, including full legal names, addresses, and any registration numbers for companies
2. Background: Context of the debt, including how it arose and acknowledgment of the amount owed
3. Definitions: Definitions of key terms used throughout the agreement
4. Acknowledgment of Debt: Clear statement of the total amount owed and confirmation of the debt by the debtor
5. Payment Terms: Detailed payment schedule, including amount, frequency, and method of payments
6. Interest: Interest rate applicable to the debt and how it is calculated
7. Default Provisions: Consequences of missing payments and what constitutes a default
8. Representations and Warranties: Debtor's confirmations regarding their ability to pay and truthfulness of information
9. Notices: How formal communications between parties should be made
10. Governing Law: Confirmation that New Zealand law governs the agreement
11. Execution: Signature blocks and execution requirements
1. Security Interest: Details of any assets provided as security for the debt - include when the debt is secured
2. Guarantor Provisions: Terms applying to any guarantors of the debt - include when there are guarantors
3. Early Payment Provisions: Terms for early repayment including any discounts or penalties - include when early payment options are offered
4. Dispute Resolution: Specific procedures for resolving disputes - include for larger debt amounts
5. Assignment: Rights to assign the debt to third parties - include when debt assignment might be contemplated
6. Force Majeure: Provisions for unforeseen circumstances affecting payment ability - include for longer-term payment arrangements
1. Payment Schedule: Detailed breakdown of payment amounts and due dates
2. Evidence of Debt: Copies of relevant invoices, statements or other documents proving the original debt
3. Security Details: Details of any secured assets including registration numbers and valuations
4. Guarantor Details: Information about guarantors including their financial statements if applicable
5. Direct Debit Authority: Form authorizing automatic payment arrangements if applicable
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Retail
Construction
Manufacturing
Professional Services
Real Estate
Wholesale Trade
Healthcare
Education
Information Technology
Transportation and Logistics
Agriculture
Relevant Teams
Finance
Legal
Credit Control
Accounts Receivable
Treasury
Risk Management
Commercial Operations
Debt Recovery
Contract Administration
Relevant Roles
Credit Manager
Financial Controller
Accounts Receivable Manager
Collections Officer
Finance Director
Credit Control Specialist
Business Development Manager
Commercial Manager
Legal Counsel
Risk Manager
Treasury Manager
Chief Financial Officer
Debt Recovery Specialist
Contract Administrator
Find the exact document you need
Royalty Payment Agreement
A New Zealand-governed agreement establishing terms for royalty payments between rights holders and commercial users, including payment terms and compliance requirements.
find out more
Payment Plan Agreement For Vehicle
A New Zealand-compliant agreement establishing terms for vehicle purchase through installment payments, including security interests and payment schedules.
find out more
Private Car Loan Contract
A New Zealand-compliant private car loan agreement establishing terms for vehicle financing under NZ consumer credit laws.
find out more
Employee Payment Agreement
A New Zealand-compliant agreement establishing payment terms and conditions between employer and employee, including salary, deductions, and leave payments.
find out more
Contract Agreement Payment Terms
A New Zealand law-governed agreement establishing payment terms and obligations between contracting parties, including payment schedules, methods, and dispute resolution procedures.
find out more
Agreement To Pay Contract
A New Zealand law-governed agreement that establishes legally binding payment obligations between parties, including payment terms, conditions, and enforcement mechanisms.
find out more
Artist Royalty Agreement
A New Zealand-governed agreement establishing royalty payment terms between artists and commercial entities for creative works exploitation.
find out more
Tenant Payment Agreement
A New Zealand-compliant agreement establishing payment terms and schedules between landlords and tenants for outstanding property-related payments.
find out more
Rent Arrears Agreement Letter
A formal New Zealand legal document outlining rent arrears details and payment arrangements between landlord and tenant, compliant with NZ tenancy laws.
find out more
Rent Payment Agreement Form
A New Zealand-compliant legal agreement establishing rent payment terms and conditions between landlords and tenants.
find out more
Final Payment Contract
A New Zealand-compliant contract that documents final payment terms, work completion, and mutual releases between contracting parties.
find out more
Written Agreement For Payment
A New Zealand-compliant legal document that establishes and enforces structured payment obligations between parties.
find out more
Personal Payment Agreement
A New Zealand-compliant agreement that establishes and governs payment obligations between parties, setting out payment terms, schedules, and obligations.
find out more
Interim Payment Agreement
A New Zealand law-compliant agreement establishing terms for interim or progress payments between parties, including payment schedules and claim procedures.
find out more
Agreement For Partial Payment
A New Zealand-compliant legal agreement establishing terms for partial payment or scheduled repayment of an outstanding debt.
find out more
Contract For Taking Over Payments On A Vehicle
A New Zealand-compliant agreement for transferring vehicle payment obligations from an existing borrower to a new party, including vehicle details and payment terms.
find out more
Contract For Payment Of Services
A New Zealand-governed agreement establishing terms for service provision and payment between service provider and client.
find out more
Debt Release Agreement
A New Zealand-compliant agreement that formally releases a debtor from specified debt obligations, including associated security interests and guarantees.
find out more
Simple Royalty Agreement
A New Zealand-governed agreement establishing terms for licensing intellectual property or assets in exchange for royalty payments.
find out more
Fee Payment Agreement
A New Zealand-governed agreement that establishes terms and conditions for recurring fee payments, including payment schedules, methods, and obligations.
find out more
Advance Payment Agreement Letter
A New Zealand-compliant letter agreement setting out terms and conditions for advance payments, including payment terms and security arrangements.
find out more
Employee Repayment Agreement
A New Zealand-compliant agreement establishing terms for employee repayment of training, education, or equipment costs to their employer.
find out more
Contract For Repayment Of Money
A New Zealand law-governed agreement establishing terms and conditions for money repayment between parties, including loan amount, interest, and repayment schedule.
find out more
Simple Car Loan Agreement
A New Zealand-compliant agreement for vehicle financing that establishes loan terms, security interests, and obligations between lender and borrower.
find out more
Personal Loan Repayment Agreement
A New Zealand-compliant agreement setting out terms and conditions for personal loan repayment, including loan amount, interest rates, and repayment schedule.
find out more
Payment Plan Letter To Debtor
A formal letter outlining agreed debt repayment terms and conditions, compliant with New Zealand debt collection and consumer protection laws.
find out more
Pay Off Agreement
A New Zealand-compliant legal document that establishes terms for debt settlement between creditor and debtor, including payment schedule and release conditions.
find out more
Partial Payment Agreement For House And Lot
A New Zealand-compliant agreement for the purchase of a house and lot through structured partial payments, outlining payment terms and conditions for property transfer.
find out more
Install Agreement
A New Zealand-governed agreement setting out terms and conditions for installation services, including specifications, responsibilities, and compliance requirements.
find out more
Independent Contractor Payment Agreement
A New Zealand-compliant agreement establishing payment terms and conditions between a business and an independent contractor.
find out more
Credit Payment Agreement Letter
A New Zealand-compliant document establishing credit payment terms between a creditor and debtor, including mandatory disclosures under NZ law.
find out more
Car Payment Agreement Between Two Parties
A New Zealand-compliant agreement establishing terms for vehicle purchase through scheduled payments, protecting both seller and purchaser interests.
find out more
Billing Agent Agreement
A New Zealand-governed agreement establishing terms for billing and collection services provided by an agent on behalf of a principal company.
find out more
Arrears Repayment Agreement
A New Zealand-compliant agreement establishing terms and schedule for repayment of outstanding debts between creditor and debtor.
find out more
Accident Payment Agreement Letter
A New Zealand-compliant agreement letter outlining accident compensation payment terms and conditions under the ACC scheme.
find out more
Advance Payment Agreement
A New Zealand-law governed agreement establishing terms and protections for advance payments between parties, including security arrangements and performance obligations.
find out more
Simple Note Payable Agreement
A New Zealand-compliant legal document evidencing a promise to pay a specified sum of money under defined terms and conditions.
find out more
Rental Payment Agreement Letter
A New Zealand-compliant formal letter documenting agreed rental payment terms and conditions between landlord and tenant.
find out more
Payout Agreement
A New Zealand-governed agreement establishing terms and conditions for financial payouts between parties, including payment details, schedules, and associated obligations.
find out more
Pay Settlement Agreement
A New Zealand-compliant legal document that formalizes the settlement of payment-related disputes between employer and employee, including settlement terms and payment conditions.
find out more
Partial Rent Payment Agreement
A New Zealand-compliant agreement that modifies existing tenancy terms to allow for temporary partial rent payments while maintaining the original tenancy agreement's validity.
find out more
Loan Repayment Agreement Employee
A New Zealand-compliant agreement establishing terms for an employer-provided loan to an employee, including repayment through salary deductions.
find out more
Letter Of Repayment Agreement
A legally binding document under New Zealand law that formalizes debt repayment terms between a creditor and debtor, including payment schedule and conditions.
find out more
Letter Of Commission Payment
A New Zealand-compliant document establishing commission payment terms and conditions between a business and commission recipient.
find out more
Invoicing Agreement
A New Zealand law-governed agreement establishing invoicing terms, payment conditions, and GST compliance requirements between parties.
find out more
House Payment Agreement
A New Zealand-compliant legal agreement outlining terms and conditions for residential property purchase payments.
find out more
Final Payment Agreement Letter
A New Zealand-compliant formal letter documenting the terms and conditions of a final payment to settle an outstanding obligation or debt.
find out more
Entrusted Payment Agreement
A New Zealand-governed agreement establishing terms for handling entrusted payments through a designated payment agent, compliant with local financial services regulations.
find out more
Down Payment Agreement
A New Zealand-compliant agreement that formalizes the terms and conditions of a down payment made as part of a larger purchase transaction.
find out more
Deferred Sale Agreement
A New Zealand-governed agreement that facilitates asset sales with deferred payment terms, establishing payment schedules and security arrangements while ensuring regulatory compliance.
find out more
Debt Acknowledgement And Repayment Agreement
A legally binding agreement under New Zealand law that formally acknowledges a debt and establishes structured repayment terms between creditor and debtor.
find out more
Contract For Installment Payments
A New Zealand-compliant agreement establishing terms for scheduled payments over time, including payment schedules, interest, and default provisions.
find out more
Cash Payment Contract
A New Zealand-governed agreement establishing terms and conditions for cash payment arrangements, including compliance and regulatory requirements.
find out more
Car Payment Agreement
A New Zealand-compliant agreement outlining terms and conditions for vehicle purchase through installment payments, including payment schedule and security interests.
find out more
Car Loan Agreement Between Friends
A New Zealand-compliant legal agreement documenting a private car loan arrangement between individuals, including loan terms, payment schedules, and security interests.
find out more
Car Down Payment Contract
A New Zealand-compliant contract establishing terms and conditions for a vehicle down payment, including buyer and seller obligations and payment details.
find out more
Agreement To Pay Form
A New Zealand-compliant legal document that formalizes debt repayment terms and obligations between parties.
find out more
Vehicle Payment Contract
A New Zealand-compliant contract governing the terms of vehicle purchase and payment arrangements, including financing terms and security interests.
find out more
Contract To Pay Back Money
A New Zealand-compliant agreement establishing terms and conditions for money lending and repayment, suitable for both personal and business use.
find out more
Deed Of Sale Installment Payment
A New Zealand law-governed deed establishing terms for property sale with installment payments, including payment schedule, security arrangements, and party obligations.
find out more
Promise Of Payment Contract
A New Zealand-compliant legal agreement documenting debt acknowledgment and establishing structured repayment terms between creditor and debtor.
find out more
Late Rent Payment Agreement
A New Zealand-compliant agreement establishing a structured payment plan for outstanding rent between landlord and tenant.
find out more
Promise To Pay Rent Agreement
A New Zealand-compliant legal agreement establishing a structured payment plan for rent arrears between landlord and tenant.
find out more
Repayment Plan Agreement
A New Zealand-compliant agreement establishing structured terms for debt repayment between a creditor and debtor, including payment schedule and conditions.
find out more
Layaway Agreement
A New Zealand-compliant agreement governing installment payments and merchandise reservation between retailer and customer under NZ consumer law.
find out more
Land Installment Agreement
A New Zealand-compliant agreement for property purchase through scheduled installment payments, detailing terms, conditions, and responsibilities of both parties until final title transfer.
find out more
Full And Final Payment Agreement
A New Zealand-governed agreement that finalizes the settlement of a dispute through specified payment terms and mutual releases.
find out more
Contract For Repayment Of Debt
A New Zealand-compliant agreement that formalizes debt repayment terms and conditions between a creditor and debtor.
find out more
Commitment Letter For Payment
A legally binding document under New Zealand law that formalizes a commitment to make specified payments, including payment terms, conditions, and schedule.
find out more
Repayment Contract Agreement
A New Zealand law-governed agreement that establishes formal terms for debt repayment between parties, including payment schedule, interest rates, and default provisions.
find out more
Vehicle Purchase Agreement With Monthly Payments
New Zealand-compliant agreement for vehicle purchase with monthly payment terms, including financing arrangements and security interests.
find out more
Rent Payment Agreement
A New Zealand-compliant agreement establishing rent payment terms and conditions between landlord and tenant(s), including payment schedules and methods.
find out more
Patient Payment Agreement Form
A New Zealand-compliant payment agreement form establishing financial terms between healthcare providers and patients.
find out more
Payment Schedule Contract
A New Zealand-compliant contract establishing structured payment arrangements, including payment terms, schedules, and enforcement mechanisms.
find out more
Car Payment Contract
A New Zealand-compliant contract establishing terms and conditions for vehicle financing and payment arrangements between a lender and purchaser.
find out more
Letter Of Agreement For Payment Of Debt
A New Zealand-compliant legal document that formalizes debt repayment terms between creditor and debtor, establishing a binding payment agreement under NZ law.
find out more
Debt Repayment Agreement
A New Zealand-compliant agreement establishing terms and schedule for debt repayment between creditor and debtor.
find out more
Full Payment Agreement
A New Zealand law-governed agreement that establishes complete payment terms and obligations between parties, including payment schedules and enforcement mechanisms.
find out more
Promise To Pay Agreement
A legally binding agreement under New Zealand law that documents a debt obligation and establishes terms for repayment.
find out more
Payment Terms Agreement
A New Zealand law-governed agreement that establishes payment terms, schedules, and obligations between business parties.
find out more
Paying Agency Agreement
A New Zealand law-governed agreement establishing the terms for a paying agent to process and distribute payments on behalf of a principal entity.
find out more
Payment Plan Agreement
A New Zealand-compliant agreement establishing structured repayment terms between a creditor and debtor for settling outstanding financial obligations.
find out more
Preauthorized Debit Form
A New Zealand-compliant form authorizing automatic regular payments from a bank account to a specified service provider.
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)