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What kind of legal document is required to guarantee paying back a debt?

Someone who owes me over AED 25,000 has agreed to pay back AED 5000 a month.

Can we get a contract which both signs and is legal standing if he does not pay the agreed amount back on the agreed date?

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Nasser Yousuf AlKhamis Advocates & Legal Consultants
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30 Oct 2021, 08:24

Dear Questioner,

Please note that we can assist you in drafting an indebtedness declaration to be signed by the creditor and debtor.

The same can be attested before the Dubai courts Notary Public.

Please contact us on the phone for discussing this further.

Regards.

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