basic loan agreement template between 2 companies
Loan Agreement
This Loan Agreement (the "Agreement") is made and entered into on [Date], by and between:
Company A[Legal Name of Company A][Address of Company A][City, State, Zip Code][Country](hereinafter referred to as the "Lender")
and
Company B[Legal Name of Company B][Address of Company B][City, State, Zip Code][Country](hereinafter referred to as the "Borrower")
1. Loan Amount
1.1 The Lender agrees to lend to the Borrower, and the Borrower agrees to borrow from the Lender, the principal amount of €10,000 (Ten Thousand Euros) (the "Loan").
2. Loan Term
2.1 The term of this Loan shall be [number] months/years, commencing on [Start Date] and ending on [End Date] (the "Loan Term").
3. Interest Rate
3.1 The Loan shall be interest-free. The Borrower shall not be required to pay any interest on the principal amount of the Loan.
4. Repayment
4.1 The Borrower shall repay the principal amount of the Loan in full to the Lender on or before the end of the Loan Term.
5. Method of Repayment
5.1 The Borrower shall repay the Loan in [number] equal installments of €[amount] each, beginning on [Date] and continuing on the same day of each subsequent month until the Loan is repaid in full.
6. Prepayment
6.1 The Borrower may prepay the Loan, in whole or in part, at any time without penalty.
7. Default
7.1 In the event of any default by the Borrower in the payment of any installment of principal under this Agreement, the entire unpaid principal amount of the Loan, together with any accrued but unpaid interest, shall become immediately due and payable at the option of the Lender.
8. Governing Law
8.1 This Agreement shall be governed by and construed in accordance with the laws of [Country].
9. Entire Agreement
9.1 This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating to such subject matter.
10. Amendments
10.1 No amendment, modification, or waiver of any provision of this Agreement shall be effective unless in writing and signed by both parties.
11. Counterparts
11.1 This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
Company A:
[Signature]
[Print Name]
Company B:
[Signature]
[Print Name]
Make sure to customize this agreement with the specific details of Company A and Company B, including their names, addresses, and the effective dates. It's always wise to have legal counsel review any contract before it's finalized.