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How to Draft a Loan Agreement

A Loan Agreement is a legal contract regulating the terms and conditions of a loan, and can be used by both individuals and corporations to lend or borrow money.  Shareholders can also draft a Loan Agreement to borrow money from a corporation.
Any Loan Agreement states the terms, rights and obligations applying to the loan, but different types of loans may require different specifications to meet local and national standards, so check with your local jurisdiction. Meeting these standards enables you to seek legal help if the other party fails to comply with the terms of the Loan Agreement.
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