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An equipment loan agreement is a contract in which a lender grants a business the funds necessary to purchase commercial equipment. The agreement spells out the fees, terms of repayment and what ...
An equipment loan may not always be the right choice, but it can be instrumental in building a new business or buying expensive equipment. Businesses with tight cash flow should also consider an ...
Doing so will help you compare loan options to find the right equipment loan that matches your needs and budget, making it easier to manage your equipment loan in the long term. 3. Keep up with ...
Forms of loan agreements vary tremendously from industry to industry, country to country, but characteristically a professionally drafted commercial loan agreement will incorporate the following terms: Parties to contracts with their addresses; Definitions or interpretation provisions; Facility and purpose [a] Conditions precedent to utilization
The use of the word "procure" in a joint venture agreement between Nearfield Ltd., Lincoln Nominees Ltd., and other partners, in relation to the utilisation of a bank loan, gave rise to a dispute between the parties regarding the meaning of the word "procure", which was resolved in 2006 by the judge, Peter Smith, confirming that the "normal ...
A standard form contract (sometimes referred to as a contract of adhesion, a leonine contract, [a] a take-it-or-leave-it contract, or a boilerplate contract) is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed in a "take it or leave it ...
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