AOD Pack Multiple Documents

Documents contained within this package

Legal Practitioner Letter of Engagement (Party A)
Legal Practitioner Letter of Engagement (Party B)
Memorandum of Understanding (MOU)
Acknowledgement of Debt (AOD)
Suretyship
Resolution Party A
Resolution Party B
Resolution Party C
Company Shareholders Reso Party C

Acknowledgement of Debt (AOD) Single Document

An Acknowledgement of Debt is commonly referred to as an “AOD” and is an unequivocal admission of liability by a person (the “Debtor”) that he or she owes another person (the “Creditor”) money.

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Agency Agreement Single Document

An agency agreement is a legal contract creating a fiduciary relationship whereby the first party (the “Principal") agrees that the actions of a second party ("the Agent") binds the principal.

In other words, the Agent, on behalf of the Principal, can enter into agreements with clients/customers that creates a contractual relationship between the Principal and the client/customer and the Principal is required to perform under the Agreement.

Generally, the agent must act in good faith and in the principal's best interests to achieve the principal's desired goal.

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