Under a loan agreement, one party transfers ownership of property to the other party on the terms of returning an equal amount of property after a certain period of time. It is important to take into account that not all property can be transferred within the framework of a loan, but only money or things defined by generic characteristics (for example, gold, grain, sand, etc.). When drawing up a loan agreement, it is important to pay attention to the conditions and procedure for the return of property (terms, interest, etc.)
Within the framework of entrepreneurial activity, it is often necessary to turn to such an instrument as a loan. Our company has extensive experience in working with various loan formats. The competitive advantage of GMT Legal is its experience in working with various business sectors, which allows us to create individual and customized documents for every client.