Nic Greco is the founding principal of the Greco Law Firm, Inc. Prior to starting the Greco Law Firm, Inc., Mr. Greco served as an equity partner andCIOfor a $70 million in sales... more
Nic Greco is the founding principal of the Greco Law Firm, Inc. Prior to starting the Greco Law Firm, Inc., Mr. Greco served as an equity partner andCIOfor a $70 million in sales wholesale business printer with corporate offices in the Atlanta, GA metro area. Mr. Greco was responsible for all facets of IT operations as well as creation of the organization's e-Commerce strategiesin his 7 years o... 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.