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The Acknowledgement Letter For Partial Payment is a crucial document in Pakistani business and legal practice, used when a debtor makes a payment that partially settles an outstanding obligation. This document is governed by multiple Pakistani laws, including the Contract Act 1872, Limitation Act 1908, and where applicable, Islamic banking regulations. It serves multiple purposes: documenting the partial payment received, confirming the remaining balance, and protecting both parties' legal rights. The letter becomes particularly important for extending the limitation period for debt recovery under Pakistani law and can be used as evidence in legal proceedings. It should clearly state the original debt amount, the payment received, the remaining balance, and any terms regarding future payments. The document is commonly used in business transactions, loan repayments, and commercial disputes, providing a clear paper trail for partial settlement of debts while maintaining the creditor's right to recover the outstanding amount.

1. Letter Header: Date, reference number, and formal letterhead details

2. Recipient Details: Full name and address of the creditor/recipient

3. Subject Line: Clear indication that this is an acknowledgement of partial payment with reference to relevant invoice/debt

4. Original Debt Reference: Details of the original debt amount, date, and any reference numbers

5. Payment Acknowledgement: Confirmation of the partial payment received, including amount and date

6. Outstanding Balance: Clear statement of the remaining balance after the partial payment

7. Legal Effect: Statement confirming that this acknowledgement doesn't waive rights to collect remaining balance

8. Signature Block: Space for signature, name, and designation of the authorized person