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See cognovit and all its subcategories. An agreement that allows an entry of judgment based on a breach of an underlying agreement. It is most commonly applied upon default of a debt.

North Dakota law is instructive. Confession of judgment is governed by Rule 68(c), n. D.R.Civ.P.: (c) Confession of Judgment. (1) A judgment by confession may be entered without action, either for money due or to become due, or to secure any person against contingent liability on behalf of the defendant, or both, in the manner prescribed by this subdivision. (2) A statement in writing must be made, signed by the defendant, and verified by oath, to the following effect: 1. It must state the amount for which judgment may be entered and authorize the entry of judgment therefore; and 2. If the judgment to be confessed is for money due or to become due, it must state concisely the facts out of which the debt arose, and must show that the sum confessed therefore is justly due or to become due; or 3. If the judgment to be confessed is for the purpose of securing the plaintiff against a contingent liability, it must state concisely ...

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