The Tripartite Agreement For Third Party Payment is a specialized legal instrument used in situations where a third party assumes responsibility for making payments on behalf of a debtor to a creditor. This type of agreement is commonly used in South African business transactions across various sectors, particularly in scenarios involving corporate group structures, development projects, or complex financial arrangements. The agreement must comply with South African contract law and financial regulations, including the National Payment System Act and Financial Intelligence Centre Act. It typically includes detailed payment terms, default provisions, representations and warranties from all parties, and necessary compliance requirements. The document is essential for establishing clear legal relationships and obligations between all three parties while providing adequate protection for their respective interests.
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: Identifies and provides full details of the three parties: the Principal Debtor, the Third Party Payer, and the Creditor
2. Background: Explains the context of the agreement, including the original debt obligation and the third party's willingness to make payments
3. Definitions: Defines key terms used throughout the agreement
4. Payment Terms: Details the payment obligations, including amounts, timing, and method of payment
5. Acknowledgment of Debt: Confirms the original debt obligation and the Principal Debtor's continuing liability
6. Third Party Payment Undertaking: Specifies the Third Party's commitment to make payments and the terms of this undertaking
7. Default Provisions: Outlines consequences of payment default and remedies available to the Creditor
8. Representations and Warranties: Contains statements of fact and assurances from all parties
9. Notices: Specifies how formal communications between parties should be made
10. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, and entire agreement
11. Signature: Execution clause and signature blocks for all three parties
1. Security Provisions: Include when additional security or guarantees are required for the payment obligations
2. Step-In Rights: Include when the Principal Debtor needs right to resume payments under specific circumstances
3. Assignment: Include when any party needs the right to assign their rights or obligations
4. Dispute Resolution: Include when parties want specific dispute resolution procedures beyond court jurisdiction
5. Early Termination: Include when parties want specific provisions for early termination of the payment arrangement
6. Force Majeure: Include when parties want protection against unforeseen circumstances affecting payment ability
7. Confidentiality: Include when transaction details need to remain confidential
1. Payment Schedule: Detailed schedule of payment amounts and due dates
2. Original Debt Agreement: Copy or summary of the original agreement creating the debt
3. Bank Account Details: Specified bank accounts for making and receiving payments
4. KYC Documentation: Required Know Your Customer documentation for all parties
5. Payment Notification Form: Template for notification of payments made
6. Contact Details: Detailed contact information for all parties' representatives
7. Compliance Certificates: Any required regulatory or compliance certificates
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Construction
Manufacturing
Retail
Healthcare
Education
Mining
Agriculture
Professional Services
Infrastructure Development
Telecommunications
Relevant Teams
Legal
Finance
Treasury
Accounts Payable
Risk Management
Compliance
Commercial
Corporate Secretariat
Credit Control
Contract Administration
Relevant Roles
Chief Financial Officer
Financial Director
Legal Counsel
Corporate Lawyer
Finance Manager
Accounts Payable Manager
Treasury Manager
Contract Manager
Risk Manager
Compliance Officer
Company Secretary
Commercial Director
Business Development Manager
Credit Controller
Financial Controller
Find the exact document you need
Contract For Taking Over Car Payments
A South African law-governed agreement that transfers vehicle payment obligations from an existing debtor to a new debtor, ensuring compliance with local credit and consumer protection legislation.
find out more
Guaranty Of Payment Form
A South African law-compliant document where a guarantor commits to fulfilling specified financial obligations on behalf of a principal debtor if they default.
find out more
Enforceable Payment Agreement
A legally binding agreement under South African law that establishes and enforces payment obligations between parties.
find out more
Service Contract Payment Terms
A South African law-governed document defining payment terms and conditions for service contracts, including payment schedules, methods, and dispute resolution procedures.
find out more
Affidavit Of Payment Agreement
A South African legal document combining a sworn statement with a formal payment agreement, detailing debt recognition and payment terms, certified by a Commissioner of Oaths.
find out more
Contract Of Repayment
A South African law-compliant agreement that establishes terms and conditions for debt repayment between parties, including payment schedules and default provisions.
find out more
Promissory Payment Agreement
A South African law-governed agreement documenting a binding promise to pay a specified sum of money, with detailed payment terms and conditions.
find out more
Rent Arrears Repayment Agreement
A South African law-compliant agreement establishing a structured repayment plan for rental arrears between landlord and tenant.
find out more
Service Agreement Payment Terms
South African-compliant document outlining payment terms and conditions for service agreements, including payment schedules, methods, and obligations.
find out more
Payment Plan Agreement For Vehicle
A South African law-compliant agreement establishing terms for vehicle purchase through installment payments, incorporating National Credit Act requirements.
find out more
Agreement For Money Owed
A South African law-compliant agreement that formally documents a debt obligation, including payment terms and enforcement provisions.
find out more
Paid In Full Agreement
A South African law-governed agreement documenting the full and final settlement of a debt between a creditor and debtor.
find out more
Employee Pay Agreement Form
A South African law-compliant agreement document that formalizes employment compensation terms and conditions between employer and employee.
find out more
Taking Over Car Installments Agreement
South African agreement for transferring vehicle installment payment obligations from an existing debtor to a new debtor, with credit provider consent.
find out more
Interim Payment Agreement
A South African law-governed agreement establishing temporary payment arrangements between parties, including payment terms and conditions pending final agreement.
find out more
Contract For Payment Of Services
A South African law-governed agreement establishing terms for service provision and payment between service providers and clients.
find out more
Simple Royalty Agreement
A South African law-governed agreement establishing terms for royalty payments in exchange for intellectual property usage rights.
find out more
Rental Agreement Payment Terms
South African rental agreement payment terms document outlining rental payment conditions and obligations under SA law.
find out more
Lease Agreement Payment Terms
A South African legal document specifying payment terms and conditions for lease agreements, ensuring compliance with local property law and regulations.
find out more
Instalment Purchase Agreement
A South African law-compliant agreement for the sale of goods with payment in instalments, governed by the National Credit Act and Consumer Protection Act.
find out more
Fee Payment Agreement
A South African law-governed agreement that establishes terms and conditions for fee payments between parties, including payment schedules, methods, and default provisions.
find out more
Collection Payment Agreement Letter
A South African legal document establishing payment terms and conditions between creditor and debtor for debt settlement, compliant with local collection and consumer protection laws.
find out more
Car Damage Payment Agreement
A South African legal agreement establishing payment terms and conditions for vehicle damage compensation between involved parties.
find out more
Agreement Letter For Payment Of Land
A South African legal document outlining terms and conditions for land payment between seller and purchaser, compliant with local property law.
find out more
Accident Payment Agreement
A South African law-compliant agreement establishing terms and conditions for accident-related compensation payments and settlement terms.
find out more
Freelance Payment Contract
A South African law-compliant contract establishing payment terms and conditions for freelance services, including scope, deliverables, and legal protections.
find out more
Undertaking Letter For Commission Payment
A South African law-governed document formalizing a commitment to pay commission, specifying payment terms and conditions.
find out more
Tripartite Agreement For Third Party Payment
A South African law-governed agreement establishing a formal arrangement where a third party agrees to make payments on behalf of a debtor to a creditor.
find out more
Settlement Agreement Payment Terms
A South African law-compliant agreement detailing payment terms and conditions for settling financial obligations between parties.
find out more
Rental Agreement Advance Payment
South African rental agreement template incorporating advance payment terms, compliant with local property and consumer protection laws.
find out more
Pay Off Agreement
A South African legal document that outlines terms for settling an outstanding debt, typically at a reduced amount or through structured payments, compliant with local credit and consumer protection laws.
find out more
Non Payment Agreement
A South African law-governed agreement establishing binding commitments regarding payment restrictions, competitive limitations, or confidentiality obligations between parties.
find out more
Install Agreement
A South African law-compliant agreement governing the installation of equipment or systems, including terms, specifications, and regulatory requirements.
find out more
Independent Contractor Payment Agreement
A South African law-governed agreement establishing payment terms and conditions between a client and independent contractor, ensuring clear designation of contractor status and payment obligations.
find out more
Final Payment Agreement
A South African law-governed agreement that establishes the terms and conditions for settling an outstanding debt through final payment arrangements.
find out more
Down Payment Contract
A South African law-governed agreement establishing terms and conditions for an initial payment in a larger transaction, ensuring regulatory compliance and party protection.
find out more
Delayed Payment Agreement
A South African law-governed agreement establishing terms and conditions for the delayed payment of an existing debt, ensuring compliance with local credit and consumer protection legislation.
find out more
Credit Payment Agreement Letter
A South African legal document establishing credit payment terms and conditions between a credit provider and recipient, compliant with the National Credit Act.
find out more
Commitment Letter To Pay Debt
A South African law-governed formal acknowledgment of debt and commitment to pay, outlining payment terms and conditions between creditor and debtor.
find out more
Car Payment Takeover Agreement
A South African legal agreement enabling the transfer of vehicle finance obligations from an original purchaser to a new buyer, ensuring compliance with local credit and consumer protection laws.
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)