This pamphlet provides an overview on the use of a confessed judgment clause in contracts. Topics covered include how to draft a confession of judgment clause, as well as how to enforce it.
Kansas USLegal Pamphlet on Confession of Judgment
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Multi-State
Control #:
US-PMPH-11
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Word;
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How to fill out USLegal Pamphlet On Confession Of Judgment?
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FAQ
A confessed judgment clause is a provision in an agreement that states that a creditor can obtain a judgment against a consumer without following regular court procedures.
This quote means that the judgments we make about others are a reflection of our own character.
A confessed judgment clause is a provision in an agreement that states that a creditor can obtain a judgment against a consumer without following regular court procedures. The creditor does not have to take you to court to collect, and you cannot raise any defenses.
A confession of judgment is a legal device - usually a clause within a contract - in which a debtor agrees to allow a creditor, upon the nonoccurrence of a payment, to obtain a judgment against the debtor, often without advanced notice or a hearing.
A confession of judgment can help an aggrieved party to a contract obtain a judgment against the other party without the cost and delay of protracted litigation.