Legal Documents
Shareholder Loan Agreement [INDIVIDUAL SHAREHOLDERS – UNSECURED AND UNCONVERTIBLE]
A company has several methods of financing its operations with one of them being loans from its shareholders. Shareholders’ loans are an alternative form of financing where a company borrows money from its shareholders with specific conditions attached thereto.
We have curated this agreement for an unsecured and non-convertible shareholder loan by shareholders who are individuals and acting as a group, but it may be modified or amended to address specific needs of the parties involved.
₦5,000
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Shareholder Loan Agreement [INDIVIDUAL SHAREHOLDERS – UNSECURED AND UNCONVERTIBLE]
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- Suitable for startups and small-to-medium businesses
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Table of Contents
1. DEFINITIONS AND INTERPRETATION 1
2. THE LOAN 3
3. INTEREST 3
4. FURTHER LENDING 3
5. REPAYMENT 3
6. EVENTS OF DEFAULT 4
7. ASSIGNMENT 4
8. WAIVER 5
9. LEGAL COSTS 5
10. WARRANTIES AND AUTHORITY 5
11. ENTIRE AGREEMENT 5
12. CONFIDENTIALITY 5
13. WAIVER AND AMENDMENTS 5
14. NOTICES 6
15. BENEFIT OF AGREEMENT 6
16. FORCE MAJEURE 6
17. DISPUTE RESOLUTION 7
18. GENERAL 8
