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1. Date and Parties: Identifies the date of the acknowledgment and the full names and addresses of the lender and borrower
2. Acknowledgement of Debt: Clear statement of the amount borrowed and confirmation of receipt of funds by the borrower
3. Repayment Terms: Specifies the repayment schedule, including due date(s) and payment method
4. Interest Rate: States the applicable interest rate (if any) and how it is calculated
5. Default Provisions: Outlines consequences of failing to make payments as agreed
6. Execution Block: Space for signatures, witness details, and date of signing
1. Security Provisions: Include when the loan is secured by specific assets or collateral
2. Guarantor Details: Required when a third party is guaranteeing the loan repayment
3. Early Repayment Terms: Include when early repayment is allowed and any associated conditions or penalties
4. Late Payment Penalties: Include when specific penalties or additional charges apply for late payments
5. Governing Law and Jurisdiction: Include when parties are in different jurisdictions or specific jurisdiction needs to be established
1. Schedule 1 - Payment Schedule: Detailed breakdown of payment dates and amounts (if installment payments are involved)
2. Schedule 2 - Security Details: Description of any assets or collateral provided as security (if applicable)
3. Appendix A - Copy of ID Documents: Copies of identification documents of all parties involved
Financial Services
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Small Business
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Professional Services
Construction
Manufacturing
Technology
Education
Legal
Finance
Compliance
Risk Management
Treasury
Credit Control
Corporate Secretarial
Operations
Administration
Financial Manager
Legal Counsel
Loan Officer
Credit Manager
Compliance Officer
Risk Manager
Corporate Secretary
Finance Director
Accounts Receivable Manager
Treasury Manager
Business Development Manager
Contract Administrator
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