Common Contracts
1 similar Acknowledgement of Debt contracts
ACKNOWLEDGEMENT OF DEBTAcknowledgement of Debt • September 2nd, 2020
I, the undersigned, (Employee Name) _____________________________________________ hereby acknowledge that I am jointly and severally liable to (Company Name) _____________________________________________ (hereinafter referred to as “the Creditor”) in the sum of R_________________ (hereinafter referred to as “the Amount”) and I jointly and severally undertake to pay to the order of the Creditor the Amount together with interest at the rate of ______ % per annum from the _________________ day of _______________ year _____________ to the _________________ day of _______________ year ______________ subject to the following terms and conditions : The full Amount together with the interest as mentioned shall be due and payable to the Creditor on the ________ day of ____________________ year ___________ at _________________________________________ free of bank charges and commission. In the event of default, I shall be liable jointly and severally for all legal costs incurred in the co
