About this Document:
There is little or no statutory regulation in this area – this is freedom of contract in it’s finest form - that is, the you and the other party can make more or less what deal you choose.
The document has been drafted for use by individuals, however, can also be used by limited company with only a tiny alternation. There are a very large number of variables and you can choose to settle your agreement to strongly favor one side without reducing the precision of the agreement.
Who will use this document?
A person or company lending or borrowing money irrespective of any business they are involved in.
Key features:
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provides for alternative draw down arrangements and provision of information to the lender – you choose;
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suitable for use in New Zealand, Australia or overseas;
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ready for adaptation to particular needs of either or both parties;
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comprehensive provisions provide menu from which you can choose;
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plain English – as in all Net Lawman documents.
This document includes provision for:
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the structure of the loan;
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alternative draw down arrangements;
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provisions of information to lender;
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repayment and interest payment arrangements;
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method of payment;
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provision for default situations;
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borrower’s warranties;
