Loan Agreements

We have specialised in contract preparation and contract disputes for 25 years.

Our Proven Experience

We have prepared loan agreements and security documentation and handled disputes for banks, companies and businesses of all sizes for 25 years.

Our practice is located outside of the Perth CBD and because of this our hourly rates are 20% lower than the standard rates charged by most Perth law firms.  Our rates are extremely competitive compared to the rates charged by other commercial law firms.

We provide legal advice on loan agreements and we can prepare loan agreements for individuals and businesses of all sizes as well as guarantees and caveats.

We include important clauses which protect:

  1. Re-payment by including a caveat clause that allows you to lodge a caveat over property to secure re-payment; and
  2. The right to recover legal costs incurred in enforcement of the agreement.

Have you confirmed the identity of the debtor by requesting proof from an individual or have you considered conducting a company or business name search? (we can do these searches for you).  Have you conducted a credit check on the debtor and, if applicable, its directors or proprietors or promoters?  

If you want to charge interest, have you specified precisely the rate to be charged, the method of calculation and the date from which interest will run?  If you are selling goods, have you made clear precisely when title to the goods passes to the purchaser and have you included a Romalpa or retention of title clause?

For those not familiar with Romalpa clause, it is a term in a contract that states that the title or ownership to the goods do not pass until payment is received.  If the debtor is a company, or if you have some doubts about ability to pay, should you get personal guarantees from third parties?  

Do you have a well drafted form of guarantee?

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