Simple Loan Agreement Between Friends

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Posted on January 09, 2019 at 19:34 PM

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Like any loan contract, you’re legally on the hook for the debt. If you fail to abide by the terms of the agreement, your lender — in this case, your loved one — can take legal action against you.
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How to Write a Loan Agreement Between Friends. Co-authored by Jennifer Mueller, JD. This article was co-authored by Jennifer Mueller, JD. Jennifer Mueller is an in-house legal expert at wikiHow. She received her JD from Indiana University Maurer School of Law in 2006.

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