I have more than twenty-five (25) years of varied domestic and international legal experience. During my eight (8) years at the Port Authority of New York & New Jersey (“Port Authority”... more
I have more than twenty-five (25) years of varied domestic and international legal experience. During my eight (8) years at the Port Authority of New York & New Jersey (“Port Authority”), I authored, negotiated and administered three hundred fifty-eight (358) consecutive contracts, worth an aggregate of more than three billion dollars, not one of which resulted in even one dollar of litigatio... 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.