FULL INTEGRATION. This Debt Settlement Agreement supersedes all prior agreements, understandings or negotiations, whether written or oral. The purpose of this Agreement is to negotiate and set off a debt under the following conditions: the Parties expressly declare that the Agreement expresses their entire agreement with respect to their object and invalid and replaces all previous agreements concluded between them with regard to their subject matter. PandaTip: In other words, this agreement is now the debt control agreement and, in any case, the terms of this agreement differ from all the others that have been signed previously, the terms of this agreement are the ones that are used. Consequently, the parties have decided to conclude the debt repayment agreement, hereinafter referred to as `the Arrangement`, including the recitals and annexes incorporated therein which are indivisible. Location: _________________ By the mutual interest of the parties, they agree that this unpaid debt will be qualified as paid, ______ In the event of late payment, the aforementioned repayment plan automatically becomes null and void and the total amount of the due to the creditor therefore becomes immediately due. In addition, the buyer automatically pays the creditor default interest in the amount of ___ [rate equivalent to at least three times the annual legal rate in force in France] and a minimum compensation of 40 (forty) euros at immediate maturity, without the need for a warning. The creditor also has the right to terminate the new sales contract concluded with the buyer, notwithstanding the other provisions of the aforementioned franchise agreement. The Agreement may only be modified by an express and written mutual agreement of the Parties, in which case any modification or waiver of any provision of this Agreement shall be annexed to and incorporated into the Agreement. Several pieces of information are needed to balance the text of this Agreement.

At the beginning, we will consolidate the parties who intend to conclude this contract. First, we identify the creditor….