Lend or borrow a loan

About this business activity

If someone needs money, they can borrow a loan from another person. A Loan Agreement can help document the terms of the loan, like how much money is being borrowed and when it needs to be repaid. This can help prevent misunderstandings between the parties involved.

Simple Loan Agreement To Employee Benefit Trust (EBT)

This legal template is a document that outlines the terms and conditions of a simple loan agreement entered into between an employee benefit trust (EBT) and another party. The agreement is specifically designed to comply with UK law and governs the lending of funds by the EBT to the borrower.

The template would likely include standard sections such as the date and details of the agreement, the identities of the parties involved, loan amount and repayment terms, interest rate (if any), collateral or guarantees (if applicable), provisions for early repayment or default, and other relevant clauses to protect the interests of both parties.

The purpose of the loan agreement could vary, but generally, it would involve the EBT providing financial assistance to the borrower, which could be an employee or a related party. The loan might be utilized for personal reasons, such as home improvements, education, or emergency expenses, or for business purposes like start-up capital, investment, or debt consolidation.

As this template is specific to a loan agreement involving an EBT, it is likely that the provisions within the document would align with the specific regulations and guidelines governing EBTs in the UK. These might include compliance with tax laws, restrictions on the use of loan funds, reporting requirements, and any other legal obligations that the EBT needs to adhere to.

Overall, this legal template provides a standardized format for creating a loan agreement between an EBT and another party, ensuring clarity, fairness, and legal compliance in the lending process.
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Standard Fee Letter (Loan Agreement)

The Standard Fee Letter (Loan Agreement) template under UK law is a legally binding document that outlines the terms and conditions for the payment of fees associated with a loan transaction. This template is typically used by lenders or financial institutions when providing loans to borrowers.

The document sets out the agreed-upon fees related to the loan, such as arrangement fees, administration fees, and any other charges applicable during the loan term. It establishes the rights and obligations of both parties involved, ensuring transparency and clarity regarding the fees to be paid.

The template typically covers critical aspects like the calculation and timing of fees, the consequences of non-payment, and any additional conditions or provisions unique to the specific loan agreement. It may also include provisions for changing the fee structure in certain circumstances, ensuring flexibility for both parties in case of unforeseen events or negotiations.

This template plays a crucial role in protecting the interests of both the lender and borrower, as it clearly defines the financial obligations each party must adhere to. By providing a comprehensive and legally sound framework for fee payment, this document helps promote trust and minimize potential disputes in loan transactions under UK law.
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Standard Deed Of Covenant For an EMTN Programme

A Standard Deed of Covenant for an EMTN (Euro Medium Term Note) Programme under UK law is a legal template designed to regulate the terms and conditions between the issuer of EMTN securities and the investors.

An EMTN Programme serves as a framework for the issuance and listing of debt securities by a company or organization, allowing them to access the international capital markets for long-term financing. The Deed of Covenant establishes the rights and obligations of both parties involved in the issuance of these securities.

The template typically includes provisions related to the terms of the securities, such as interest payments, maturity dates, redemption clauses, and conversion rights. It may also outline the processes for bondholder meetings, communication between issuer and investors, and the mechanisms for handling defaults or disputes.

Under UK law, the template ensures compliance with relevant regulations, creates a legally binding document, and provides a clear framework for the management and operation of an EMTN Programme. It aims to protect the interests of both the issuer and the investors by establishing a transparent legal framework that governs their rights and obligations throughout the lifespan of the EMTN Programme.

Overall, the Standard Deed of Covenant for an EMTN Programme under UK law is a comprehensive legal document that governs the relationship between an issuer and investors within an EMTN programme, ensuring all parties are subject to the same set of rules and regulations governing their obligations and entitlements.
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Letter To Lender To Confirm Conditions Precedent Under Loan Agreement Have Been Satisfied (From Lawyer)

This legal template is a letter drafted by a lawyer in the UK, intended to be sent to a lender to confirm that all conditions precedent stated in a loan agreement have been duly fulfilled. Conditions precedent refer to certain requirements or actions that must be completed or satisfied before the loan agreement becomes effective or certain provisions can be enforced.

The letter serves as a formal document ensuring compliance with the terms and conditions of the loan agreement. It outlines the various conditions precedent listed in the agreement and confirms their satisfaction. These conditions could include providing financial statements, securing collateral, obtaining necessary consents, or fulfilling any other requirements agreed upon between the lender and the borrower.

The lawyer, acting on behalf of the borrower, writes this letter to provide documentary evidence that the borrower has fulfilled all the necessary obligations and has met the conditions required to access the loan funds. Furthermore, this document typically highlights any specific reasons for the lender to accept the confirmation of the satisfaction of the conditions precedent.

In summary, this legal template aims to formally confirm to the lender that all conditions precedent outlined in a loan agreement have been satisfied, thus ensuring that the borrower fulfills their obligations and is compliant with the terms of the agreement under UK law.
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Letter To Waiver Condition Precedent Rights Under A Loan Agreement

This legal template refers to a letter that outlines the intent to waive a condition precedent right under a loan agreement, in compliance with UK law. A condition precedent is a requirement that must be fulfilled before certain obligations or rights can be enforced. The letter may be sent by one party to the loan agreement (such as a borrower or lender) to the counterparty, expressing their willingness to waive a specific condition precedent under the loan agreement. The letter will typically state the specific condition being waived, provide a brief explanation of the rationale behind the waiver, and express the party's intention to proceed with the loan agreement without fulfilling that particular condition precedent. The letter may also include any relevant terms or provisions that should be considered when effectuating the waiver. It is important to note that this template is designed with reference to UK laws and regulations governing loan agreements, ensuring compliance with the legal framework in the United Kingdom.
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Borrower Board Meeting Minutes To Ratify Loan Agreement

The Borrower Board Meeting Minutes to Ratify Loan Agreement under UK law is a standardized legal template that outlines the details of a formal meeting held by the board of directors or executives of a company or organization in the United Kingdom. The purpose of this meeting is to seek official approval and ratification for a loan agreement entered into by the borrower.

The template would typically include the date, time, and location of the meeting, as well as a list of attendees, including the names of directors, board members, or executives present. It may also specify whether the meeting is being held in person or through virtual means.

The minutes of the meeting would provide a comprehensive record of the discussions and resolutions made during the session. This may involve reviewing the terms and conditions of the proposed loan agreement and its implications for the organization. Any concerns, questions, or clarifications raised by the members present would be documented, along with the responses provided by relevant individuals.

Furthermore, the minutes would include a section for voting or resolution, where board members would officially approve or ratify the loan agreement. This would typically involve a majority vote, and the template could provide specific language or phrasing to be used during this process.

Overall, the Borrower Board Meeting Minutes to Ratify Loan Agreement under UK law template serves as a formal record of the borrower's board meeting, ensuring compliance with legal requirements, maintaining transparency, and providing evidence of the board's decision to ratify the loan agreement. It offers a structured and reliable format for organizations operating in the UK to document their loan transactions. It is important to note that this template should be customized and reviewed by legal professionals to ensure its alignment with the specific circumstances and requirements of the borrower's organization.
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Borrower Board Meeting Minutes To Ratify Loan Agreement And Debenture

This legal template outlines the minutes of a borrower board meeting held in accordance with UK law, specifically to discuss and ratify a loan agreement and debenture. It provides a structured format to record the discussions and decisions made by the board members regarding the acceptance of a loan agreement and the issuance of a debenture. The template is designed to ensure compliance with legal requirements and corporate governance standards, while also serving as a formal record of the board's actions. It covers various aspects such as quorum, agenda, attendees, discussions, resolutions passed, and any other relevant details pertaining to the loan agreement and debenture. The template aims to provide a clear and concise document that can be used as a reliable reference in legal and financial matters related to the loan agreement and debenture ratified during the board meeting.
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Borrower Board Meeting Minutes To Approve A Loan Agreement

This legal template outlines the minutes of a borrower board meeting held under the jurisdiction of UK law. The purpose of the meeting is to seek approval for a loan agreement. The template would include details such as the date, time, and location of the meeting, as well as the attendees and their positions within the borrower's organization.

The minutes would document the discussions held during the meeting, including the presentation and review of the proposed loan agreement. Any questions, concerns, or clarifications raised by the board members would be noted. The template may also include a section for recording any amendments, modifications, or suggestions put forth during the meeting.

Additionally, the template might mention the board's deliberation and decision on the loan agreement. This could cover a vote or resolution approving or rejecting the proposed loan agreement, along with any specific conditions or requirements imposed by the board.

It is important to note that this legal template serves as a starting point or framework for customization to suit the specific borrower's board meeting. Users would need to review and amend the template as necessary to accurately reflect the proceedings of their own borrower board meeting for loan agreement approval, while adhering to the relevant UK legal requirements.
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Borrower Board Meeting Minutes To Approve A Loan Agreement And Debenture

The legal template for "Borrower Board Meeting Minutes to Approve a Loan Agreement and Debenture under UK Law" is a document that outlines the meeting minutes of a company's board of directors regarding the approval of a loan agreement and debenture. In the context of UK law, these minutes serve as official records that document the discussions, resolutions, and decisions made by the board in relation to the loan agreement and debenture.

The template contains sections that cover essential details such as the date, time, and location of the board meeting, along with a list of attendees, their roles, and the quorum reached. The minutes capture the proceedings, providing a comprehensive summary of the discussions held during the meeting, including any concerns, queries, or clarifications sought by the directors.

Specifically, the template focuses on the approval process related to a loan agreement and debenture, which are commonly utilized financial instruments in corporate financing. It may include details such as the purpose and amount of the loan, the terms and conditions of repayment, interest rates, and any security or collateral involved. Additionally, the template might outline the debenture terms, which refer to the document indicating the company's promise to repay the loan with interest over a specified period.

The minutes document the board's deliberation, evaluation, and ultimate decision, whether it signals approval, rejection, or the need for further negotiations. It may also include recommendations or caveats put forth by the board members during the meeting. By capturing the board's actions, the minutes serve as critical evidence of due diligence, corporate governance, and compliance with legal requirements, which are vital for the company's stakeholders and regulatory bodies.

Ultimately, this legal template for "Borrower Board Meeting Minutes to Approve a Loan Agreement and Debenture under UK Law" is an essential document that formalizes the decision-making process and ensures transparency and accountability within a company's internal governance structure under the established legal framework in the United Kingdom.
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Director's Certificate of Guarantee

A Director's Certificate of Guarantee under UK law is a legal template typically used in corporate and business transactions. This document is designed to provide assurance and liability protection for individuals acting as directors in a company.

The Director's Certificate of Guarantee essentially outlines the personal guarantee given by a company director to third parties, assuring them that the company's obligations will be met. By signing this certificate, the director acknowledges and accepts personal responsibility for the company's debts, obligations, and performance of contractual commitments.

This legal template serves several purposes. Firstly, it offers confidence to stakeholders such as lenders, suppliers, and investors that the director has assessed the company's financial health and is willing to vouch for its ability to fulfill its obligations. Secondly, it assures these third parties that if the company fails to meet its commitments, the director will personally honor those obligations.

The details included in the Director's Certificate of Guarantee may vary depending on the specific transaction or agreement. Generally, it includes information such as the director's full name, position within the company, company name and registration number, a list of specified obligations covered by the guarantee, and an undertaking to personally fulfill these obligations in case of the company's default.

This legal document typically acts as a powerful commitment tool, showcasing the director's dedication and confidence in the company's ability to meet its obligations. It adds an additional layer of reassurance to parties engaging in business with the company, giving them recourse to the director's personal assets in the event of default.

It is important to note that the Director's Certificate of Guarantee is a legally binding document and should be prepared and executed under the guidance of legal professionals familiar with UK law.
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Standard Amendment Letter

A Standard Amendment Letter under UK law is a legal template that provides a framework for individuals or organizations to formally propose modifications or changes to an existing agreement, contract, or document. This type of correspondence is typically used when both parties involved in an agreement require alterations to the terms and conditions previously agreed upon.

The template may outline the purpose of the amendment, identifying the specific section or clause in the original agreement that requires modification and clearly articulating the proposed changes. It generally provides space for detailed explanations and justifications for the proposed amendments to ensure clarity and understanding between the parties.

The Standard Amendment Letter under UK law seeks to ensure compliance with legal requirements, contract provisions, and regulations in the United Kingdom. It may include language to address potential disputes, specify the effective date of the amendments, and outline any necessary consideration or payment associated with the modifications.

This legal template serves as an important documentation tool, helping parties to a contract communicate changes in a formal and legally binding manner. It provides a structured process for initiating amendments, ensuring both parties are on the same page and reducing the risk of misunderstanding, ambiguity, or future litigation.

However, it is important to note that the actual content and specifics of the Standard Amendment Letter will depend on the nature and terms of the original agreement, as well as the intentions and needs of the parties involved. Consulting with legal professionals to adapt the template to specific circumstances is strongly recommended to ensure compliance with UK law and protect the interests of all parties involved.
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Letter of Non-Crystallisation (Confirms Floating Charge)

A Letter of Non-Crystallisation (Confirms Floating Charge) is a legal template used in the United Kingdom to document and confirm the existence of a floating charge over the assets of a company, typically in a corporate lending or financing context. The document asserts that the charge remains in a floating state, rather than crystallizing into a fixed charge, which allows the company to continue conducting its ordinary course of business and dealing with its assets. This letter serves as an acknowledgement by the lender or creditor that they are aware of the floating charge and their priority in relation to the specified assets, while affirming that the charge does not currently transform into a fixed charge. It may be utilized by both the borrower company and the lender to protect their rights and delineate the terms of the floating charge arrangement. The letter is generally prepared in accordance with the relevant UK laws and regulations governing floating charges, ensuring compliance and legal validity.
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Letter of waiver

A Letter of Waiver under UK law is a legal document used to inform and protect parties involved in a specific agreement or transaction from certain responsibilities, obligations, or liabilities. This template allows individuals, businesses, or organizations to seek and obtain the voluntary consent of potential claimants or counterparties to release them from any legal claims that may arise in the future.

This document typically includes the details of the agreement, such as the parties involved, the nature of the transaction, and any potential risks or hazards associated with the arrangement. It outlines the specific rights or legal claims being waived and the scope and limitations of this waiver. The letter often states that the waiver is made knowingly and voluntarily by the party granting it, without any coercion or duress.

A Letter of Waiver under UK law is commonly used in various contexts, such as sports events, recreational activities, employment contracts, rental agreements, or construction projects. It serves as a crucial legal protection, aiming to shield the waiving party from the possibility of future legal disputes or liabilities arising due to unforeseen circumstances or accidents.

It is essential to note that a Letter of Waiver does not absolve a party from legal consequences resulting from intentional acts of negligence or misconduct. While it can offer some level of protection, it is always recommended to seek legal advice before signing or drafting a waiver so that the rights and interests of both parties are adequately represented and preserved.
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Relevant Contract Types

🏦 Loan Agreement

A loan agreement is a contract between a borrower and a lender that sets out the terms and conditions of the loan. The agreement will cover the amount of the loan, the interest rate, the repayment schedule, and any other terms and conditions. The agreement may also include a provision for collateral, which is property that the borrower pledges as security for the loan.

Featured templates

Advisor Agreement (Payment Via Share Options)

This legal template, titled "Advisor Agreement (Payment Via Share Options) under UK law," is a contractual document that outlines the terms and conditions between a company and an advisor. The agreement is specific to the United Kingdom jurisdiction and focuses on a unique payment arrangement whereby the advisor will receive compensation in the form of share options rather than traditional monetary methods.

The template aims to establish a clear understanding and binding agreement between the company and the advisor regarding the services provided, the duration of the agreement, and the compensation structure. The document will generally include sections such as:

1. Party details: Identifies the company and the advisor, providing their respective names, addresses, and other necessary identification details.
2. Engagement terms: Outlines the scope of services the advisor will provide to the company, specifying the nature of their expertise and the specific areas they will be advising on.
3. Compensation: Details how the advisor will be remunerated for their services primarily through the allocation of share options. It may include information on the method of valuation, the exercise period, vesting conditions, and any additional terms related to the share options.
4. Confidentiality and non-disclosure: Includes provisions to protect the company's sensitive information and trade secrets, ensuring that the advisor maintains strict confidentiality during and after the agreement.
5. Intellectual property: Clarifies the ownership and rights related to any intellectual property created or utilized during the advisory engagement.
6. Termination: Establishes the circumstances under which either party can terminate the agreement, and the notice period required for such termination.
7. Governing law and jurisdiction: Specifies that the agreement will be governed by UK law and designates the specific jurisdiction for any legal disputes that may arise.

The Advisor Agreement (Payment Via Share Options) under UK law is crucial for ensuring a transparent and legally binding relationship between a company and an advisor, outlining the rights, obligations, and compensation structure to protect the interests of all parties involved. As specific laws and regulations may vary, it is advisable to obtain legal counsel to tailor the document to the unique requirements of the situation.
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Consultancy Agreement - Company appointing an individual consultant (not using a personal service company)

The Consultancy Agreement is a legal document that outlines the contractual relationship between a company and an individual consultant, who is not engaged through a personal service company, according to the laws of the United Kingdom. This template serves as a comprehensive agreement that defines the terms, rights, and obligations between both parties throughout the consultancy engagement.

The agreement covers various essential aspects, including the scope of work, deliverables, and project timelines. It outlines the consultant's responsibilities, ensuring they provide their professional expertise, experience, and skills to assist the company in achieving specific objectives. The agreement also details the payment terms, such as the agreed upon consultancy fees, expenses, and reimbursement policies.

Additionally, this template typically addresses the consultant's obligations regarding confidentiality and non-disclosure of any proprietary or sensitive information they may gain access to during the engagement. It may include provisions safeguarding the company's intellectual property rights and ensuring that the consultant does not engage in any conflicting activities or compete with the company's business interests.

The Consultancy Agreement also covers important legal aspects that regulate the relationship between both parties. It typically includes clauses regarding termination and the circumstances under which either party can end the agreement. The document may also address dispute resolution mechanisms, indemnification, liability limitations, and any other necessary legal provisions to protect the interests of both the company and the consultant.

In summary, this legal template for a Consultancy Agreement provides a solid foundation for establishing a clear and mutually beneficial working relationship between a company and an individual consultant under the jurisdiction of UK law. By utilizing this template, both parties can define their expectations, protect their rights, and ensure compliance with applicable legal requirements throughout the consultancy engagement.
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Intellectual Property Assignment (for founders to assign IP to company)

This legal template, called "Intellectual Property Assignment (for founders to assign IP to company) under UK law," is a comprehensive document designed to facilitate the transfer of intellectual property (IP) rights from founders or creators to their company, operating in the United Kingdom.

The template aims to establish a clear and legally binding agreement between the founders and the company regarding the ownership and control of any intellectual property assets developed during the course of business operations. Intellectual property can include a wide range of intangible creations, such as inventions, designs, trademarks, copyrights, or trade secrets.

By utilizing this document, founders can formalize the transfer of their IP rights to the company, ensuring that the company has full rights and control over these assets. The template typically outlines the relevant terms and conditions of the assignment, including details about the IP being transferred, warranties and representations by the founders, and the consideration or compensation, if any, provided to the founders in return for the assignment.

This legal template serves as a valuable tool for both parties involved. For the founders, it ensures that their contributions to the company's IP are appropriately recognized, while also protecting their interests, such as receiving fair compensation or ongoing benefits from the IP. On the other hand, the template provides the company with clear ownership rights and control over the IP, which is crucial for protecting their investments, attracting investors, and facilitating future licensing or commercialization opportunities.

It's important to note that each situation may have unique circumstances, and this template should be customized to fit the specific needs and requirements of the founders and the company. Consulting with legal professionals specializing in intellectual property or corporate law is highly recommended to ensure compliance with UK laws and to address any specific concerns or considerations that may arise during the assignment process.
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