Eric Pommer has over 30 years experience providing legal counsel to various high-tech companies. During this time, in addition to legal work, he has been involved in operations... more
Eric Pommer has over 30 years experience providing legal counsel to various high-tech companies. During this time, in addition to legal work, he has been involved in operations management, strategic planning, regulatory compliance, business process design, private and public company transactions, commercial and federal government contracts administration. He directly managed both RDT&E hardware... view profile
When you buy something on credit, you borrow the money from a lender and put yourself in debt. The paperwork documenting this transaction is a debt/lending agreement. For example, simple debt / lending agreements are used to finance RV or boat purchases. More complicated debt / lending agreements for commercial business operations may include complex credit agreements, promissory notes, security and guarantee agreements, subordination or inter-creditor agreements, patent or trademark collateral security agreements, assignment and assumption agreements, hazardous substance indemnity agreements, mortgage agreements, and accounts receivable letters. When substantial amounts of money are involved, you'll want to use a business attorney with experience in negotiating and drafting debt and lending agreements.