Alan F. Herman is a Senior Partner with Hawkins Parnell Thackston & Young LLP. Alan is an experienced trial lawyer who strives to provide personal attention to each of his clients. He specializes in tort litigation with an emphasis on the defense ...
Practice areas & skills: Debt & Lending Agreements, Slip and Fall Accident, Health Care, Medical Malpractice, Insurance
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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.