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Loan agreements – an overview

A loan agreement (Loan Agreement) is a formal document under which one party (Lender) advances funds to another (Borrower), subject to the Borrower’s obligation to repay that money.  In any situation involving a loan, even between friendly or related parties, it is considered best to enter into a formal Loan Agreement to protect both the Lender’s and Borrower’s interests.

Loan Agreements range from the relatively straightforward to the exceedingly complex. [Read more…]

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