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    Loan Agreement and Note | UK


    Document a loan transaction with this Loan Agreement and Note template for UK lenders.

    • The Agreement contains alternative interest clauses, for either a fixed interest rate or for an interest-free loan, depending on the terms you have agreed upon.
    • The Note can be paid in whole or in part without interest or penalty, except that any partial payments must be for at least a specified minimum amount.
    • The loan becomes immediately due and payable upon any default by the borrower.
    • The lender has the right to demand full repayment at any time upon proper written notice.
    • Available in MS Word format.
    • This agreement is governed by English law and is intended to be used only in the United Kingdom.
    Download Type: Microsoft Word
    Last Updated: 18-August-2022
    SKU: 7163
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    UK Agreement to Compromise Debt


    If a customer owes you money and you are willing to accept payment of a lesser sum in order to settle the debt, you can sign this Agreement to Compromise Debt with the customer.

    • The creditor agrees to accept the lesser sum from the debtor as payment in full.
    • The agreement is conditioned upon the provision that the sum must be paid within a specified time period.
    • If the customer fails to do so, the creditor will have the right to sue the debtor for the full amount of the debt.
    • The agreement is governed by English law and can be used throughout the United Kingdom.

    If your business extends credit to customers, you should have a copy of the UK Agreement to Compromise Debt. Download yours now.

    Security Agreement | UK