J Rain has a JD and an MBA from Case Western Reserve University, a Teir 1 Law School and a BS in Communication, Computer Science from Oregon State University. J Rain has worked for IBM... more
J Rain has a JD and an MBA from Case Western Reserve University, a Teir 1 Law School and a BS in Communication, Computer Science from Oregon State University. J Rain has worked for IBM in the Legal department in Mergers and Acquisitions, working on the integration of the billion dollar acquisition of FileNet, and other acquisitions including Micromuse, Watchfire and preliminarily with Telelogi... 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.