A template for a target loan agreement intended for use between an individual and a legal entity. This agreement regulates the relationship between the provision of a targeted loan by an individual (Lender) to a legal entity (Borrower) with the obligation to repay funds within a specified period and under certain conditions.
The document includes key sections:
The subject of the agreement is the obligations of the Lender to transfer funds and the Borrower for their intended use and return.
The order of transfer and repayment of the loan - details of the wire transfer, terms and conditions of repayment of the loan.
Interest on the loan is the terms of an interest-free loan.
Guarantees and assurances about the circumstances - confirmation of the solvency and legal capacity of the parties at the time of conclusion of the contract.
Confidentiality is an obligation not to disclose information related to the contract.
Liability of the parties - measures of responsibility for violation of the terms of the agreement and the possibility of early repayment of the loan.
Force majeure is an exemption from liability in case of force majeure.
The dispute resolution procedure is a conflict resolution mechanism, including mandatory pre-trial procedure.
The term of the agreement is the conditions for the entry into force, modification and termination of the agreement.
The agreement details the procedure for interaction between the parties, rights and obligations, and also includes the details of the parties to ensure legal clarity and protect the interests of both parties