PandaTip: In other words, this agreement is now the debt control agreement and, in any case, the terms of that agreement are different from those that were signed previously, the terms of that agreement are the ones that are used. Our unique table at the beginning of the agreement allows you to tailor the recognition of the debt agreement to your needs The buyer irrevocably agrees to repay the debts to the creditor in the following way: With an AOD in hand, a creditor can, however, obtain a quick judgment against the debtor, which court decisions call a summary judgment. It is therefore imperative that a debtor understand the legal implications of entering an AOD that he or she may be too happy to sign at the beginning. In a summary judgment, a court will consider only the liquid document – the signed AOD – as evidence (at first glance) that the debtor is the creditor`s fault and renders his judgment against the debtor. The judgment allows the creditor to obtain an execution warrant to place the debtor`s property sold by the sheriff at a public auction. PandaTip: In other words, if necessary, the debtor and creditor will take additional steps to ensure that the debts are repaid as long as the terms of this agreement are met. Our presentation of the recognition of the debt agreement allows a cost-effective way to regulate almost every aspect of the recognition of the debt agreement by providing a single table at the beginning of the debt recognition agreement, which will allow you to adapt certain parts of the agreement that you wish to include, exclude or vary. A standard clause in an AOD is what it refers to as an acceleration clause. This clause allows a creditor to demand the full amount owed if the debtor does not pay within the AOD deadlines. CONSIDERING that the debtor is liable to the creditor for an amount equal to [AMOUNT DEBT DOLLAR] dollar (the “debt”) (the “debt”); and – they will hold the creditor free of any deed or debt related to the agreement between the debtor and the buyer.
In the event of a late payment, the above repayment plan is automatically cancelled and the total amount of the credit is immediately refunded. In addition, the buyer automatically owes the buyer late penalties of `at least three times the annual legal interest rate in France` and a minimum collection fee of 40 (40) euros, which is due by remedies without the need to recall it.