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    Dacion en Pago Draft

    Uploaded by

    Omar Kenji Caday
    This document is a Dacion En Pago Agreement between a debtor-vendor and creditor-vendees. The debtor-vendor owns two parcels of land and had an outstanding obligation to the creditor-vendees for attorney's fees related to a civil case. As full payment of the obligation, the debtor-vendor agreed to transfer and convey three hectares to one creditor-vendee and two hectares to the other creditor-vendee from the described parcels of land. The creditor-vendees accept this transfer as full payment of the obligation by way of a Dacion En Pago agreement.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Dacion en Pago Draft

    Uploaded by

    Omar Kenji Caday
    378 views2 pages
    This document is a Dacion En Pago Agreement between a debtor-vendor and creditor-vendees. The debtor-vendor owns two parcels of land and had an outstanding obligation to the creditor-vendees for attorney's fees related to a civil case. As full payment of the obligation, the debtor-vendor agreed to transfer and convey three hectares to one creditor-vendee and two hectares to the other creditor-vendee from the described parcels of land. The creditor-vendees accept this transfer as full payment of the obligation by way of a Dacion En Pago agreement.

    Original Title

     Dacion en Pago Draft

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    This document is a Dacion En Pago Agreement between a debtor-vendor and creditor-vendees. The debtor-vendor owns two parcels of land and had an outstanding obligation to the creditor-vendees for attorney's fees related to a civil case. As full payment of the obligation, the debtor-vendor agreed to transfer and convey three hectares to one creditor-vendee and two hectares to the other creditor-vendee from the described parcels of land. The creditor-vendees accept this transfer as full payment of the obligation by way of a Dacion En Pago agreement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    378 views2 pages

    Dacion en Pago Draft

    Uploaded by

    Omar Kenji Caday
    This document is a Dacion En Pago Agreement between a debtor-vendor and creditor-vendees. The debtor-vendor owns two parcels of land and had an outstanding obligation to the creditor-vendees for attorney's fees related to a civil case. As full payment of the obligation, the debtor-vendor agreed to transfer and convey three hectares to one creditor-vendee and two hectares to the other creditor-vendee from the described parcels of land. The creditor-vendees accept this transfer as full payment of the obligation by way of a Dacion En Pago agreement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

     

     
    DACION EN PAGO AGREEMENT

    This Dacion En Pago Agreement is made and executed this


    ___________ at _______________ by and between:

    ________________, of legal age, Filipino, with residence address at


    ________________, Davao City, hereinafter referred to as the DEBTOR-
    VENDOR;

    -and-

    JOSE C. ESTRADA and TEODORO D. NANO JR., both of legal age,


    Filipinos, married and residesnt of Davao City, hereinafter referred to as the
    CREDITOR-VENDEES;

    WITNESSETH THAT:

    WHEREAS, the DEBTOR-VENDOR is/are the registered owner/s of


    (2) parcels of land located at __________ covered by Transfer Certificates
    of Title Nos. T-32402 and 32403 registered in the Registry of Deeds at
    ______________, described as follows:

    TRANSFER CERTIFICATED OF TITLE NO. _________

    (DESCRIPTION)

    WHEREAS, the DEBTOR-VENDOR has an outstanding obligation


    with the CREDITOR-VENDEES for attorney’s fees in the handling of
    Civil Case No. 1555;

    WHEREAS, the parties had previously agreed through Confirmatory


    Contract of Professional Services that the attorey’s fees for the successful
    handling of Civil Case No. 1555 shall be three (3) hectares to CREDITOR-
    VENDEE, Jose C. Estrada, and two (2) hectares to CREDITOR-
    VENDEE, Teodoro D. Nano, Jr;

    WHEREAS, Civil Case No. 1555 was successfully handled by the


    CREDITOR-VENDEES and ended in a favorable decision to the
    DEBTOR-VENDOR;

    WHEREAS, as full payment of said obligation, the DEBTOR-


    VENDOR has offered to SELL, TRANSFER and CONVEY three (3)
    hectares to CREDITOR-VENDOR, Jose C. Estrada, and two (2)
    hectares to CREDITOR-VENDOR, Teodoro D. Nano, Jr, of the afore-
    described real properties including the improvements thereon to the
    CREDITOR-VENDEES by way of DACION EN PAGO and the latter
    accept the sale, transfer and conveyance in full payment of the obligation by
    way of DACION EN PAGO;

    NOW THEREFORE, for and in consideration of attorney’s fees, the


    DEBTOR-VENDOR hereby SELL, TRANSFER and CONVEY in a
    manner of Absolute and Irrevocable unto the CREDITOR-VENDEES,
    their successors, assigns the three (3) and two (2) hectare portions,
    respectively, of the afore-described parcels of land by way of DACION EN
    PAGO as full payment of the said obligation of the DEBTOR-VENDOR,
    free from any and all liens, encumbrances and taxes;

    The DEBTOR-VENDOR further warrants his ownership over the afore-


    described parcels of land and shall defend the CREDITOR-VENDEES
    from any and all claims and causes of action in connection with or arising
    from this transaction.

    IN WITNESS WHEREOF, we have hereunto set our hands this


    _________________ at __________________.

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