About this Document:
There is little or no statutory regulation relating to an agreement of this nature, so the parties can make more or less what deal they choose. By effecting a slight alteration the document can be used for a company also. There are a very large number of variables and you can choose to settle your agreement to strongly favor one side without reducing the precision of the agreement.
This document comes with two supplementary forms, which are both integral part of the agreement to be signed between the parties. There is no additional cost for the forms.
This document is also fit to be used in various common law jurisdictions rooted in the British legal tradition.
Who will use this document?
Any person, company or firm lending or borrowing money irrespective of any business they are into.
Key features:
· Provides for alternative draw down arrangements and provision of information to the lender;
· Ready for adaptation to particular needs of either or both parties;
· Comprehensive provisions provide ideas;
· Real law in simple English. No complexities.
This document includes provision for:
· the structure of the agreement;
· alternative draw down arrangements;
· provisions of information to lender;
· objective definitions of specific terms;
· repayment and interest payment arrangements;
· method of payment
· provision for default situations;
· Borrower’s warranties;
