This is similar to all our other loan agreements, but provides
specifically for the amount to be secured on construction
industry plant and large, expensive machinery
About this document
This is a standard, comprehensive loan agreement which, in return for the money, the borrower secures on his plant or machinery. It is suitable for any person or company lending or borrowing money irrespective of the business they are in.
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. Use a comprehensive loan agreement such as this and simply delete what is not part of the deal you negotiate.
Application
and features
Covers all types of loans
Extensive notes to guide you
Plain English - of course!
Contents
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
Usual legal provisions to protect your interests.
Word
Count (approximate):
Document: 2700
words
Explanatory notes:
550
words
Draftsman
This is a Net Lawman drawn document. We also offer low cost legal advice. You can learn more and instruct us at Expert Legal Advice.
