Review: “Carol has been great to work with and I would recommend her to anyone with loan modifaction problems. She has be excleent in getting to the facts for me and my family. Carol is a good person which cares about her clients.”
Practice areas & skills: Debt & Lending Agreements, Mediation, Contracts & Agreements, Real Estate, Trusts
Michael Huff's practice focuses on business law and real estate matters. Michael advises clients in mergers and acquisitions, secured lending transactions, employment matters, entity formation, and general corporate counsel matters. Additional...
Practice areas & skills: Debt & Lending Agreements, Mergers & Acquisitions, Business, Real Estate, Corporate & Incorporation
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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.