CP ContratoPy Legaltech Paraguay

Loans and debts · simple

Debt Acknowledgment

This debt acknowledgment template is designed for use in Paraguay, with formal structure, party appearance and editable clauses. You can adapt it online before generating a professional PDF.

Editable guide

Information you will replace

These references appear inside the contract text so you know exactly what to change before generating the PDF.

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01
Party A name Example: e.g. Juan Pérez
02
Party A ID Example: e.g. 1,234,567
03
Party B name Example: e.g. María González
04
Party B ID/Tax ID Example: e.g. 80012345-6
05
Amount Example: Acknowledged balance: e.g. Gs. 8,500,000 (eight million five hundred thousand guaraníes)
06
Date Example: e.g. 05/02/2026

DEBT ACKNOWLEDGMENT

In the city of Asunción, Republic of Paraguay, on [Date: e.g. 05/02/2026], appears on one side [Party A name: e.g. Juan Pérez], holder of ID No. [Party A ID: e.g. 1,234,567], domiciled at [Party A address: e.g. Asunción], hereinafter "PARTY A"; and on the other side [Party B name: e.g. María González], holder of ID/Tax ID No. [Party B ID/Tax ID: e.g. 80012345-6], domiciled at [Party B address: e.g. San Lorenzo], hereinafter "PARTY B". The parties state that they have sufficient capacity to bind themselves and agree to execute this private instrument, subject to the following clauses:

FIRST: PURPOSE

PARTY A and PARTY B agree to the express, free and voluntary acknowledgment of a certain debt in favor of the CREDITOR, arising from [Debt origin: e.g. balance for delivered goods]. This agreement shall be interpreted in good faith, according to its economic purpose and prudent Paraguayan legal practice.

SECOND: PRICE AND PAYMENT METHOD

As consideration, price, rent, contribution or economic acknowledgment, according to the nature of the act, the parties establish [Acknowledged balance: e.g. Gs. 8,500,000 (eight million five hundred thousand guaraníes)]. Every payment must be documented by receipt, bank voucher or sufficient written record.

THIRD: TERM

The term or effectiveness shall be [Payment date: e.g. 06/30/2026], or earlier if the DEBTOR is able to do so without penalty. Any extension, suspension or amendment must be made in writing and physically or digitally signed by the parties.

FOURTH: OBLIGATIONS OF THE PARTIES

  • The DEBTOR declares that the obligation is legitimate, liquid and not subject to a pending condition.
  • The CREDITOR undertakes to issue a full cancellation record once full payment is received.
  • The parties may document partial payments through signed receipts or identifiable bank vouchers.

FIFTH: REPRESENTATIONS AND WARRANTIES

The parties declare that the stated information is true, that they act without fraud, mistake, violence or intimidation, and that they know the legal and economic scope of the obligations assumed. The signing of this instrument does not imply novation unless expressly stated otherwise.

SIXTH: BREACH

Serious breach, unjustified default or lack of essential cooperation shall entitle the performing party to request performance, termination or compensation that may correspond, after notice by reliable means when the nature of the obligation permits it.

SEVENTH: ADDRESSES AND NOTICES

For all purposes of this agreement, the parties establish as special addresses those indicated in the appearance section, where written communications, emails and notices related to performance of the agreement shall be valid.

EIGHTH: JURISDICTION

For any dispute arising from this instrument, the parties shall seek an amicable solution. If disagreement persists, they submit to the competent ordinary courts of the Republic of Paraguay, without prejudice to mandatory rules applicable by subject matter or territory.

NINTH: ACCEPTANCE

Having read this document and as evidence of agreement, the parties sign two counterparts of the same tenor and for one single effect, at the place and date indicated above.

PARTY A signature: ___________________________

PARTY B signature: ___________________________

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