DEGREES: Attorney Richard Smith received his Juris Doctorate degree from the University of Bridgeport School of Law and was admitted to the Connecticut Bar in 1983. Prior to that, he attended public schools in Danbury and graduated from the Univer...
Practice areas & skills: Debt & Lending Agreements, Car Accidents, Estate Planning, Litigation, Probate
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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.