Debt Repayment Settlement Agreement

When a borrower agrees to repay — a reduced amount, or the full amount on a schedule — put it in writing before the first installment. Generate a clear settlement for ₹999, preview it free.

Your ₹999 agreement includes:

✓ Debt acknowledgment with the original amount on record
✓ Contract Act Section 63 settlement-in-full-satisfaction clause
✓ Installment schedule section
✓ Default clause — original debt revives if they stop paying
✓ Mutual release and optional confidentiality
✓ Execution kit: witnesses, stamp-duty note, payment evidence

Instant download · One-time fee · No subscription.

This is a private settlement agreement, not a court decree, and no outcome is guaranteed. For bounced cheques, statutory notice timelines apply — use the cheque-bounce notice path and take legal advice promptly.

The Creditor (First Party)

The person or business owed the money.

Full name / business name *

Email *

Phone *

Address

The Debtor (Second Party)

The person or business repaying the debt.

Full name / business name *

Email *

Phone *

Address

The debt and the settlement

What was owed, what was agreed, and how it will be paid.

How the debt arose *

Agreed settlement terms *

Original debt (₹) *

The full amount owed.

Settled amount (₹)

What will actually be paid.

Amount waived (₹)

Forgiven on full payment.

Installment schedule

Dates and amounts, one per line.

Effective date

If the debtor defaults, the original full debt (less payments made) becomes due againMutual release — no further claims once fully paidKeep the terms confidential

State

City