Short answer
An unspecified deadline does not cancel the debt. The Code links repayment to termination and provides a three-month termination period. The demand’s content and receipt date matter.
Practical example
The lender demands immediate payment although no date was agreed. The applicable termination and payment period must be assessed before treating payment as overdue.
What to do
Check correspondence for an agreed date. Otherwise send a clear written notice with proof of receipt. Record any new schedule in writing; assess immediate repayment grounds separately.
Legal basis
Georgian Civil Code — Articles 626, 627. Checked on 28 October 2026. The outcome depends on the contract, facts and evidence.
YURFIRMA can review your documents and help prepare the appropriate demand or agreement. Contact us.
This is general information and does not replace a legal assessment of your specific case. The current law and the relevant facts are checked again when you seek advice.