Acknowledgement Of Debt (Between Company Creditor & Individual Debtor)
This document records the admission of liability by a debtor to a creditor, it interrupts prescription of a claim and provides the creditor with recourse should the debtor fail to comply with their undertakings.
The content herein is prepared as a template. This content is not intended to and does not constitute legal advice and no attorney-client relationship is formed. The accuracy, completeness, adequacy or currency of the content is not warranted or guaranteed. Your use of the content on our website or materials linked from this website is at your own risk. Please make use of our consultation services to obtain legal advice.