Disclaimer
BuiltSIGN templates are provided for convenience, are not legal advice, and should be reviewed by a licensed attorney in the relevant state.
Finance
Debt Settlement Agreement
Settles a stated debt for a lesser amount if paid by a date. It does not settle unknown claims.
The legal text of this template is still in English. It needs a human translation by someone qualified in that language and jurisdiction. BuiltSIGN does not machine-translate template bodies.
Preview
Settlement
If the debtor pays {{settlement}} by {{payBy}} toward {{debt}}, the creditor will accept that sum as full payment of that described debt and will not sue on it. If the debtor does not pay on time, the settlement is void and the unpaid original balance remains. Other claims are no…
Governing law and venue
This agreement is governed by the laws of {{governingLawState}}, without applying conflict-of-law rules that would select another state's law. Venue lies in the state or federal courts located in that state unless a statute that applies to this agreement requires a different foru…
Entire agreement
This document and any addenda the parties sign are the entire agreement on this subject and replace earlier discussions about that subject. A change is binding only in a writing signed by the parties who must sign it. If one provision is held unenforceable, the rest stays in effe…
Questions
What is the Debt Settlement Agreement template?
Settles a stated debt for a lesser amount if paid by a date. It does not settle unknown claims. It is a Finance template in the BuiltSIGN gallery.
Who signs this template?
The template includes fields for Creditor, Debtor.
Is this legal advice?
BuiltSIGN templates are provided for convenience, are not legal advice, and should be reviewed by a licensed attorney in the relevant state.
Is the template text translated?
No. The legal text stays in English until a person qualified in that language and jurisdiction translates it. BuiltSIGN does not machine-translate template bodies.
BuiltSIGN templates are provided for convenience, are not legal advice, and should be reviewed by a licensed attorney in the relevant state.