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Money Agreement Between Two Parties Template
I need a Money Agreement Between Two Parties Template for a S$50,000 business loan to be repaid over 24 months starting March 2025, with quarterly payments and a fixed interest rate of 5% per annum, secured against company equipment.
1. Parties: Identification and details of the lender and borrower
2. Background: Context and purpose of the money agreement
3. Definitions: Key terms used throughout the agreement
4. Loan Amount: Specification of the principal sum being lent
5. Repayment Terms: Payment schedule, method, and duration
6. Interest: Interest rate and calculation method
7. Default Provisions: Consequences of failing to meet payment obligations
8. Governing Law: Specification of Singapore law as governing law
1. Security: Details of any collateral or guarantees - used when the loan is secured
2. Early Repayment: Terms for early loan settlement - used when early repayment is permitted
3. Assignment: Rights to transfer the agreement to other parties - used when transfer rights are needed
4. Force Majeure: Provisions for unforeseen circumstances - used for longer-term agreements
1. Repayment Schedule: Detailed breakdown of payment dates and amounts
2. Security Details: Detailed description of any security/collateral provided for secured loans
3. Guarantor Information: Details of any guarantors when guarantors are involved
4. Interest Calculation Methods: Detailed explanation of interest calculations and examples
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