When a shareholder lends money to a company, it's crucial to have a well-drafted agreement in place. This ensures both parties understand their rights and obligations. Here’s a quick guide on what to include:

Firstly, the contract should clearly state the amount borrowed 💰, the purpose of the loan 🎯, and the repayment terms. It’s essential to specify whether the loan is interest-free or if interest will be charged 📈. Additionally, outline any security or collateral provided by the company 🏦 to protect the shareholder’s investment.

Next, include clauses regarding repayment schedules and possible penalties for late payments ⏰. Also, consider adding a dispute resolution mechanism 🗳️, such as arbitration or mediation, to handle any disagreements amicably.

Lastly, ensure that the contract is signed by all parties involved and witnessed 👨‍⚖️. For peace of mind, consulting with a lawyer to draft or review your contract is always recommended 📖.

Download our template now and customize it to fit your specific needs! 📁✨