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.
Any person, company or firm lending or borrowing money irrespective of any business they are into.
Provides for alternative drawdown 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.
the structure of the agreement.
alternative draw down arrangements.
provisions of information to the lender.
objective definitions of specific terms.
repayment and interest payment arrangements.
method of payment
provision for default situations.
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