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Final Payment sample legal documents

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Final Payment sample legal documents for the sale of a business

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Page 1: Final Payment sample legal documents

I xxxxxx(Fill in name) and Identity no or social security no, of (Fill in address) (hereinafter referred to as “the Vendor”)

AND

HEREBY CONFIRM THAT WE HAVE RECEIVED FULL AND FINAL PAYMENT FROM

Fill in name of buyer and as above id no and address. (Hereinafter referred to as “the Purchaser”)

FOR THE SALE OF A RESTAURANT KNOWN – fill in the name of business or entity, address and company details if any

THIS IS ALSO TO CONFIRM THAT THIS ACKNOWLEDGEMENT OF CONFIRMATION IS MADE WITH CONSENT FROM BOTH PARTIES, AS ALL PAYMENTS HAVE BEEN BROUGHT FORWARD AND PAID EARLIER THEN AGREED AS PER THE SALES AND PURCHASE AGREEMENT DATED 1st OF NOVEMBER 2012. AND ALL POSTDATED CHEQUES WILL BE CANCELLED AND RETURNED TO THE BUYER IMMEDIATLEY BY THE VENDOR.

WITH THIS ACCEPTENCE OF THE FINAL PAYMENT OF RM30, 000.00 (RINGGIT MALAYSIA THIRTHY TOUSAND ONLY). THE VENDOR FULLY INDEMNIFIES THE BUYER THAT ALL LIABILITIES OR BALANCES TO BE PAID IF ANY PRIOR TO 1 st

NOVEMBER 2012 FOR UTILITIES, i.e. WATER, ELECTRICITY, TELEPHONE & INTERNET (Unifi) and ASTRO OR FOR ANY OTHER CREDITORS WILL BE SOLELY BORNE BY THE VENDOR.

AND LIKE WISE ALL FUTURE BILLS FOR THE SAME AFTER THE 1st OF NOVEMBER WILL BE SOLELY BORNED BY THE BUYER.

THIS ALSO CONFIRMS THAT ALL PREVIOUS DEPOSIT AND ADVANCES PAID TO THE LANDLORD i.e. fill in the details of the landlord BY THE VENDOR FOR THE RENTAL OF THE PREMISES No the address, HAS BEEN PAID BY THE BUYER AND THE VENDOR HAS NO OBJECTIONS OR RESERVATIONS FOR THE TRANSFER OF THE SAME TO THE NEW TENANT i.ethe name of the new tenantRECEIVED FULL AND FINAL PAYMENT:-

Signed By :……………………………………………….. Signed By:…………………………………………………

Witnesed By:……………………………………………. Witnesed By:…………………………………………….

Dated:………………………………………………………… Dated:………………………………………………………

All highlighted words to be changed to your needs and details