There is a saying in East Texas that goes: “The shallower the stream, the louder the babble.” When it comes to advertising personal accomplishments, Chuck Newton always prefers to keep the stream as deep and quiet as possible. Chuck Newton gra...
Practice areas & skills: Debt & Lending Agreements, Bankruptcy & Debt, Debt Settlement, Marriage & Prenuptials
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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.