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1. Parties: Identification of the lender and borrower, including full legal names, addresses, and relationship
2. Background: Brief context of the family loan arrangement and the purpose of the loan
3. Definitions: Key terms used in the agreement, keeping technical language to a minimum
4. Loan Amount and Disbursement: Specification of the principal amount and how/when it will be provided to the borrower
5. Interest Rate: Statement of interest rate (if any) and calculation method, or explicit statement if interest-free
6. Repayment Terms: Schedule of repayments, including payment amounts, frequency, and duration
7. Method of Payment: Specified payment method and bank account details for transfers
8. Default Provisions: Consequences of missed payments, while maintaining family-appropriate tone
9. Representations: Basic confirmations from both parties about their capacity to enter into the agreement
10. Governing Law: Confirmation that Dutch law governs the agreement
11. Signatures: Execution section for both parties with date and place
1. Early Repayment: Terms for early loan repayment, used when parties want to explicitly allow this option
2. Security: Details of any collateral or security, if required by the lender
3. Death or Incapacity: Provisions dealing with what happens if either party dies or becomes incapacitated
4. Interest Rate Adjustment: Terms for changing the interest rate, if applicable
5. Tax Implications: Acknowledgment of tax consequences, particularly relevant for large loans or interest-free arrangements
6. Dispute Resolution: Family-appropriate mediation or resolution process before legal action
7. Amendment Process: Process for making changes to the agreement, useful for long-term loans
1. Schedule A - Repayment Schedule: Detailed table of payment dates and amounts
2. Schedule B - Proof of Transfer: Documentation confirming the initial loan transfer
3. Schedule C - Identification Documents: Copies of ID documents of both parties
4. Appendix 1 - Tax Considerations: Summary of relevant tax implications and requirements, if applicable
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