Common Contracts
1 similar Loan Agreement contracts
Simple personal loan agreement template freeLoan Agreement • January 21st, 2022
In the event that the Parties reside/do business in different States and/or Countries, this Agreement shall be governed by law. These terms have their own purpose in the loan agreement and hence it is important to understand the meaning behind these terms while drafting or using a loan agreement. The Parties agree that this Agreement shall be governed by the State and/or Country in which both Parties reside/do business. Late fees and consequences of defaulting Defaulting on a loan is a very real scenario, so is paying it back on a date later than the one that’s agreed upon. Signature page follows. Most loans, often personal loans are often done on a verbal understanding. Representations and Warranties. This Loan Agreement (the “Agreement”) is entered into (the “Effective Date”), by and between , with an address of (the “Lender”) and , with an address of , (the “Borrower”), individually referred to as “Party”, and collectively “the Parties.” WHEREAS, the Borrower desires to borrow a fix
