Legal Documents
Loan Agreement – Individual to Company No Security No Guarantor
A Loan Agreement is an agreement between a lender and a borrower detailing the terms and conditions of the loan. This is a loan agreement between an individual and a company where the borrower neither provides security nor a guarantor (someone who guarantees that a loan will be repaid in the event that the borrower fails to repay) for the loan.
₦2,500
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Loan Agreement – Individual to Company No Security No Guarantor
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Table of Contents
1. DEFINITION AND INTERPRETATION 1
2. LOAN 2
3. PURPOSE OF THE LOAN 3
4. REPAYMENT 3
5. PAYMENTS 3
6. INTEREST 4
7. REPRESENTATIONS AND WARRANTIES 4
8. COVENANTS 5
9. EVENTS OF DEFAULT 6
10. [FORCE MAJEURE 7
11. TERMINATION OF AGREEMENT 8
12. DISPUTE RESOLUTION 8
13. NOTICES 9
14. SEVERABILITY 10
15. ENTIRE AGREEMENT 10
16. CONFIDENTIALITY 10
17. WAIVER AND AMENDMENTS 10
18. GENERAL 10
19. COSTS 11
20. GOVERNING LAW 11