Is your loan properly documented?
Loan agreements are a common feature in today’s business landscape. Whether you are a borrower looking for help with cash flow, or an investor looking to generate passive income, it is important to create a proper loan agreement which clearly defines the key terms of the arrangement. Many DIY loan agreements or oral agreements end up being overly ambiguous even in relation to key terms - or fail to consider many aspects of the arrangement.
Without a clear agreement, you’re in trouble
Loan agreements are complex documents, and are usually heavily biased in favour of a lender. Failing to clearly state the terms of the loan to provide for special circumstances can leave the parties with an ambiguous loan agreement which results in disputes.
A borrower without a properly negotiated loan agreement might find that the agreement is excessively biased in favour of the lender. This could result in the borrower having to pay the loan earlier than expected, pay high-interest rates and cover the legal fees of the lender.
A lender without a proper loan agreement might find it difficult to recover the loan amount, particularly if further advances are made after the original agreement. The agreement may have inappropriate enforcement mechanisms and could result in the lender having to commence proceedings and paying high legal fees.
We assess your circumstances and make recommendations
UX Law are experts in all ways companies can attain finance. We can provide you with strategic legal guidance; creating, tailoring and amending loan agreements so that you can achieve your financing goals, but also have peace of mind as to your protections and obligations. Every lender or borrower is different, so we’ll assess your circumstances, then draft and negotiate key terms accordingly.
Frequently asked questions
Can I do this myself?
Are your documents automatically generated?
Is the price a fixed-fee?
Can I speak or meet with a lawyer, and will this cost extra?
What if I need this urgently?
This package doesn’t suit me, can I create my own one?
What if the document or advice I need isn’t on the website?
- Free consultation
- Done for you tailored legal documents to suit your needs
- Initial drafting and review + one round of amendments
- Practical legal advice
- Fast turnaround times (5-7 days)
Looking for practical legal advice?
Tell us about your legal needs and we’ll get back to you within 1 business day.Schedule free consultation