Comprehensive loan agreement to settle terms relating to repayment of a loan. The loan can be secured by anything you choose.
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.
Application
and 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.
Contents
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.
Word
Count (approximate):
Document: 2160
words
Explanatory notes:
375
words
Draftsman
This document has been drawn by Rakesh Taneja, unconnected with Net Lawman. Rakesh Taneja will welcome your contact for further legal help. There may be a charge for Rakesh Taneja services.
