Loan agreements may, on the surface, appear to be straight-forward arrangements between a lender and borrower, however in the business world where there are potentially multiple parties involved it is necessary to ensure the relevant lender or borrower are fully aware of their respective rights and obligations.
Loan arrangements may involve individuals or corporate entity structures, loans through a bank/recognised company lender, or loans between directors/shareholders and companies (known as director/shareholder loans), or more simple loans involving family members or friends.
However simple or complex the loan agreement our advice is simple: before you sign any document ensure that you have received expert legal advice and guidance.
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