Reaffirmation Agreement Letter

A Reaffirmation Agreement Letter under UK law is a legal template used to formalize an agreement between a debtor and a creditor. In certain situations, such as bankruptcy or insolvency proceedings, there may be a need for a debtor to reaffirm their obligation to repay a debt. This agreement letter clearly outlines the terms and conditions under which the debtor intends to repay the particular debt, so as to provide legal clarity and protection to both parties involved. The template typically includes details such as the parties' names and contact information, the specific debt being reaffirmed, repayment terms, and any additional provisions that either party wishes to include. By using this legally binding document, both the debtor and creditor can ensure transparency, mitigate potential disputes, and reaffirm their commitment to the agreed-upon terms of debt repayment under UK law.

• A letter agreement to be signed on or shortly after termination of employment, in which the employee repeats waivers, warranties and certain other provisions of a previously signed settlement agreement

• It is relevant where there is a material gap between signing of the settlement agreement and the termination date