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:
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provides for alternative draw down arrangements and provision of information to the lender;
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suitable for use in Australia or overseas;
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ready for adaptation to particular needs of either or both parties;
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comprehensive provisions provide menu from which you can choose;
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plain English – as in all Net Lawman documents.
This document includes provision for:
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the structure of the loan;
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alternative draw down arrangements;
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provisions of information to lender;
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repayment and interest payment arrangements;
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method of payment
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provision for default situations;
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borrower’s warranties;
