Debt Purchase Agreement Template

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Debt Purchase Agreement Template

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Debt Purchase Agreement Template (1)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
Introduction:
This Debt Purchase Agreement is made to facilitate the purchase of certain debt obligations owned by the Seller as of [Contract Date], specifying the terms under which the Buyer will acquire these debts.
Clause 1: Description of Debt
The Seller agrees to sell, and the Buyer agrees to purchase the following debts: [Specify debt details, including amounts, obligors, and dates].
Clause 2: Purchase Price
The total purchase price for the debt shall be [Amount], payable as follows: [Specify payment terms and schedule].
Clause 3: Representations and Warranties
The Seller represents that they hold the debt free and clear of any encumbrances and that the debt is valid and collectible.
Clause 4: Closing Conditions
The closing of this transaction is contingent upon the following conditions being satisfied: [Specify conditions if any].
Clause 5: Indemnification
The Seller agrees to indemnify and hold the Buyer harmless against any losses arising from breaches of the Seller’s representations, warranties, or covenants in this Agreement.
Clause 6: Governing Law
This Agreement shall be governed by the laws of [Jurisdiction].
Executed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]
Debt Purchase Agreement Template (2)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
Introduction:
This Agreement outlines the terms under which the Buyer will purchase specific debt obligations from the Seller, effective as of [Contract Date].
Clause 1: Identification of Debt
The Seller shall transfer to the Buyer the following debts: [Detail the debt, including specifics like amounts and debtor information].
Clause 2: Payment for Debt
The Buyer agrees to pay the Seller [Amount], payable according to the following schedule: [Specify payment schedule].
Clause 3: Security Interest
The Seller grants the Buyer a security interest in the debt until full payment has been received.
Clause 4: Default
In the event of a default on the debt by the obligor, the Seller agrees to assist the Buyer in collection efforts.
Clause 5: Confidentiality
Both parties agree to maintain the confidentiality of this Agreement and the details regarding the debt involved.
Clause 6: Jurisdiction and Dispute Resolution
Any disputes arising from this Agreement will be resolved in the jurisdiction of [Specify jurisdiction].
Executed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]

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Please complete the form below to create the Debt Purchase Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Debt Purchase Agreement Template

1. Purchaser Information


2. Seller Information


3. Agreement Details


4. Payment Terms

5. Representations and Warranties

6. Governing Law

7. Confidentiality Terms

8. Default Conditions

9. Indemnification

10. Signatures and Acceptance

11. Declaration and Signatures



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Debt Purchase Agreement Template

Printable | Editable Form

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Debt Purchase Agreement Template