I started my legal career in New York City and New Jersey as a tough commercial litigator in a very large firm. Now, some 20+ years and 500 miles later, I am a general business lawyer... more
I started my legal career in New York City and New Jersey as a tough commercial litigator in a very large firm. Now, some 20+ years and 500 miles later, I am a general business lawyer and partner in a small law firm near Cleveland, Ohio. My many years of fighting over business and contract issues have given me keen insights into what parties argue about, and I use that knowledge base to craft s... 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.