Scotland: Debts and loans

About these documents:

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. Do you want to read our free information page on loan agreements?

Who will use this document:

A person or company lending or borrowing money irrespective of the business they are in.

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 “menu” from which you can choose;
• plain English – as in all Scot Lawman documents. 

These documents include provision for:

• amount of loan and alternative draw down provisions;
• repayment and interest payment arrangements;
• extensive menu of Borrower’s warranties for you to choose;
• provision of periodic information to lender;
• provision for default situations;
• various “legal” provisions.