The Full Payment Agreement is a crucial document used in German business and legal practice to formalize and structure payment obligations between parties. It is particularly relevant when there is a need to document a significant financial obligation, establish clear payment terms, or restructure existing payment arrangements. The document, governed by German law and particularly the provisions of the BGB (German Civil Code), provides comprehensive coverage of payment terms, schedules, interest calculations, and default provisions. It is commonly used in various business contexts, from commercial transactions to debt restructuring, and can be adapted to accommodate different payment arrangements while maintaining compliance with German legal requirements for contract formation and enforcement.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification and details of the creditor and debtor, including full legal names, addresses, and registration details if companies
2. Background: Context of the debt obligation, including origin of the debt and any previous agreements or circumstances leading to this agreement
3. Definitions: Key terms used throughout the agreement, including payment-related terminology and calculation methods
4. Acknowledgment of Debt: Clear statement of the total amount owed and debtor's acknowledgment of the debt obligation
5. Payment Terms: Detailed specification of payment amount, currency, payment schedule, and payment methods
6. Interest: Specification of any applicable interest rates, calculation methods, and compounding periods
7. Payment Default: Consequences of missing payments, including default interest rates and acceleration clauses
8. Representations and Warranties: Declarations by the debtor regarding their ability to pay and the validity of the debt
9. Security: Details of any collateral or security provided to guarantee the payment
10. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction for disputes
11. Notices: Process for sending and receiving formal communications between parties
12. Execution: Signature blocks and execution requirements
1. Guarantor Provisions: Include when a third party is guaranteeing the payment obligations
2. Early Payment Provisions: Include when early payment discounts or options are offered
3. Tax Provisions: Include when tax implications need to be addressed, particularly for cross-border payments
4. Force Majeure: Include when specific circumstances might affect payment ability
5. Assignment: Include when either party needs the right to assign the agreement to third parties
6. Debt Restructuring Options: Include when flexibility for future payment modifications is desired
7. Confidentiality: Include when payment terms or underlying transaction details should remain confidential
1. Payment Schedule: Detailed breakdown of payment installments, dates, and amounts
2. Interest Calculation Examples: Examples showing how interest will be calculated in various scenarios
3. Security Documentation: Details of any collateral or security arrangements
4. Prior Payment History: Record of any payments already made or previous payment arrangements
5. Contact Details: Comprehensive contact information for all relevant parties and payment processing
6. Bank Account Details: Specified bank account information for making payments
Find the exact document you need
Back Rent Payment Agreement
A German law-compliant agreement establishing a structured payment plan for outstanding rent, governed by the German Civil Code (BGB).
Download
Partial Payment Agreement
A German law agreement establishing terms for debt repayment through scheduled installments, including payment terms, conditions, and default provisions.
Download
Payment Schedule Agreement
A German law-governed agreement establishing structured payment terms and conditions between parties, including payment schedules, methods, and default provisions.
Download
Rent Payment Plan Letter
A German law-compliant document establishing a structured plan for paying outstanding rent obligations between landlord and tenant.
Download
Income Payment Agreement
A German law-governed agreement establishing terms for regular income payments, including payment terms, calculations, and compliance requirements.
Download
Staggered Payment Agreement
A German law-governed agreement structuring debt payment into predetermined installments, detailing payment schedules, interest, and default terms.
Download
Rent Payment Plan Agreement
A German law-compliant agreement establishing a structured payment plan between landlord and tenant for settling rent arrears while maintaining the rental relationship.
Download
Monthly Payment Agreement
German law-governed agreement establishing structured monthly payment obligations between parties, compliant with BGB requirements.
Download
Debt Payment Agreement Form
A German law-governed agreement that formalizes debt repayment terms between creditor and debtor, including payment schedule and interest rates.
Download
Installment Agreement Form
A German law-compliant agreement establishing structured installment payments for goods, services, or debt, with consumer protection provisions.
Download
Full Payment Agreement
A German law-governed agreement that establishes and structures payment obligations between parties, including payment terms, schedules, and default provisions.
Download
Payment Plan Contract
A German law-compliant contract establishing structured payment installments between creditor and debtor, with defined terms and schedules.
Download
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)