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The Promissory Note For Tuition Fee With Partial Payment is a specialized financial instrument used in Saudi Arabian educational institutions to formalize installment-based tuition fee payments. This document becomes necessary when students or their guardians require a structured payment plan for educational fees rather than making full upfront payments. It must comply with both Saudi Commercial Papers Law and Sharia principles, making it legally enforceable while maintaining Islamic financial compliance. The document typically includes detailed payment schedules, clear identification of all parties, specific amounts and due dates for each installment, and provisions for default scenarios. It serves as a crucial tool for educational institutions in managing their fee collection while providing students with flexible payment options. The document's structure and content are specifically designed to meet Saudi Arabian regulatory requirements while protecting the interests of both the educational institution and the student/guardian.

1. Promissory Note Details: Essential information including date, place of issuance, and document identification number

2. Parties Information: Full legal names and details of the promissor (student/guardian) and promissee (educational institution)

3. Amount and Payment Promise: Clear statement of the total amount owed and unconditional promise to pay in accordance with Sharia principles

4. Payment Schedule: Detailed breakdown of partial payment amounts and their respective due dates

5. Purpose Statement: Specification that the promissory note is for tuition fees and reference to the educational services

6. Default Provisions: Consequences of missing payments and acceleration clause in case of default

7. Execution: Signature blocks for all parties with required attestations