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 limited 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.
Who will use this document?
A person or company 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;
· suitable for use in India, UK, EU and/or in other jurisdictions;
· 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;
