Common use of Debts Clause in Contracts

Debts. [Check and complete only one of these, either (a) or (b). Do not check both (a) and (b)]  (a) The parties acknowledge that they have no outstanding joint or marital debts.  (b) The responsibility for payment of the parties’ joint and marital debts shall be as follows: The responsible party listed above for each debt shall hold the other party harmless for any collections on that debt. If legal action is brought against the other party to recover that debt, the responsible party agrees to indemnify or hold the other party harmless and, in addition, to pay all attorney’s fees and costs of collection which the other party may incur as a result of the legal action.

Debts. [Check and complete only one of these, either (a) or (b). Do not check both (a) and (b)] ] (a) The parties acknowledge that they have no outstanding joint or marital debts. . (b) The responsibility for payment of the parties’ joint and marital debts shall be as follows: Creditor Amount Responsible Party The responsible party listed above for each debt shall hold the other party harmless for any collections on that debt. If legal action is brought against the other party to recover that debt, the responsible party agrees to indemnify or hold the other party harmless and, in addition, to pay all attorney’s =s fees and costs of collection which the other party may incur as a result of the legal action.

Debts. [(Check and complete only one of these, either (a) or (bthese – do not include complete account numbers). Do not check both (a) and (b)]  (a) The parties acknowledge that they have no outstanding joint or marital debts. □ (b) The responsibility for payment of the parties’ joint and marital debts shall be as follows: The responsible party listed above for each debt shall hold the other party harmless for any collections on that debt. If legal action is brought against the other party to recover that debt, the responsible party agrees to indemnify or and hold the other party harmless and, in addition, to shall pay all attorney’s fees and costs of collection which the other party may incur as a result of the legal action.

Debts. [Check and complete only one of these, either (a) or (b). Do not check both (a) and (b)] ] (a) The parties acknowledge that they have no outstanding joint or marital debts.  G (b) The responsibility for payment of the parties’ joint and marital debts shall be as follows: The responsible party listed above for each debt shall hold the other party harmless for any collections on that debt. If legal action is brought against the other party to recover that debt, the responsible party agrees to indemnify or hold the other party harmless and, in addition, to pay all attorney’s fees and costs of collection which the other party may incur as a result of the legal action.

Debts. [Check and complete only one of these, either (a) or (b). Do not check both (a) and (b)] ] (a) The parties acknowledge that they have no outstanding joint or marital debts. 🞎 (b) The responsibility for payment of the parties’ joint and marital debts shall be as follows: Creditor Amount Responsible Party The responsible party listed above for each debt shall hold the other party harmless for any collections on that debt. If legal action is brought against the other party to recover that debt, the responsible party agrees to indemnify or hold the other party harmless and, in addition, to pay all attorney’s fees and costs of collection which the other party may incur as a result of the legal action.

Debts. [Check and complete only one of these, either (a) or (b). Do not check both (a) and (b)] ] (a) The parties acknowledge that they have no outstanding joint or marital debts. . (b) The responsibility for payment of the parties’ joint and marital debts shall be as follows: $ $ $ $ $ $ $ The responsible party listed above for each debt shall hold the other party harmless for any collections on that debt. If legal action is brought against the other party to recover that debt, the responsible party agrees to indemnify or hold the other party harmless and, in addition, to pay all attorney’s fees and costs of collection which the other party may incur as a result of the legal action.. Wife Husband

Debts. [Check and complete only one of these, either (a) or (b). Do not check both (a) and (b)] ] (a) The parties acknowledge that they have no outstanding joint or marital debts. . (b) The responsibility for payment of the parties’ joint and marital debts shall be as follows: Creditor Amount Responsible Party The responsible party listed above for each debt shall hold the other party harmless for any collections on that debt. If legal action is brought against the other party to recover that debt, the responsible party agrees to indemnify or hold the other party harmless and, in addition, to pay all attorney’s fees and costs of collection which the other party may incur as a result of the legal action.

Debts. [Check and complete only one of these, either (a) or (b). Do not check both (a) and (b)] ] (a) The parties acknowledge that they have no outstanding joint or marital debts. . (b) The responsibility for payment of the parties’ joint and marital debts shall be as follows: The responsible party listed above for each debt shall hold the other party harmless for any collections on that debt. If legal action is brought against the other party to recover that debt, the responsible party agrees to indemnify or hold the other party harmless and, in addition, to pay all attorney’s fees and costs of collection which the other party may incur as a result of the legal action.