I firmly believe that the practice of law is a helping profession whose major goals should be the avoidance or equitable resolution of conflict, while protecting the rights of the client, helping the client to reach the client’s business goal and ...
Practice areas & skills: Debt & Lending Agreements, Chapter 11 Bankruptcy, Franchising, Equipment Finance and Leasing, Corporate & Incorporation
Review: “Our company had a situation where we could have potentially lost a decent amount of money, Michael resolved the situation ammicably and without having to go to court, which would have been costly. Michael kept us informed...
Practice areas & skills: Debt & Lending Agreements, Corporate & Incorporation, Real Estate, Contracts & Agreements, General Practice
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Practice areas & skills: Real Estate, Foreclosure, Business, Bankruptcy & Debt, Litigation
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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.