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 a corporate and individual shareholder, but it may be modified or amended to address specific needs of the parties involved. Each individual or corporate shareholder may enter this agreement individually or as a group as the terms usually apply across the board.
₦7,000
₦7,000
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
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