Experienced, professional lawyer and businessman. Former commercial banker, MBA with finance concentration. Former businessman running technology company operating in 38 states.Former... more
Experienced, professional lawyer and businessman. Former commercial banker, MBA with finance concentration. Former businessman running technology company operating in 38 states.Former executive-lebel banker responsible for an 18 state bankinggeography. Technology-saavy inventor with US patent on freight movement technology. Adept at marketing, finance, leading IT teams, negotiating complex fina... 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.