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Notes A Deed of Acknowledgement of Debt is a legal document whereby the debtor/borrower acknowledges that they owe the lender money. The purpose of a debt acknowledgement deed is to provide to the lender with a document setting out an amount of outstanding debt, that the lender may rely on as evidence of an existing debt should any issues or disputes in respect of the debt arise. This document is a standard Deed used in cases where the debtor owes money to the lender arising out of a loan or supply of goods.
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Notes:
- This precedent is intended to act as a guide in drafting a Draft Convertible Loan Agreement. It may be modified or amended as need may be.
- This template is applicable in case parties want to enter into a convertible loan Agreement, where the Borrower has requested the Lender to advance to it the Loan Amount (hereinafter defined) and the Lender has agreed to lend the same to the Borrower subject to the terms and conditions of this Agreement.
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Notes:
- This precedent is intended to act as a guide in drafting an Architectural Service Agreement. It may be modified or amended as need may be.
- This template is applicable where a party enters into an agreement with the lead architect on certain services by the Lead Architect to the Client pertaining to the architectural services on projects.