Final Payment Reminder is used to give your client a last opportunity to pay before proceeding with legal action. It is a commercial document and a part of the debt collection process. This letter escalates the severity of the late payment.
The Final Payment Reminder Notice follows up the First Payment Reminder Letter. It requests an immediate payment failing which, the letter informs the debtor that the company may be obliged to take legal action.
This document is intended for use in the United Arab Emirates.
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.