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This Agreement does not contemplate a sale of accounts, contract rights or chattel paper, and, as provided by law, the Borrower is entitled to any surplus and shall remain liable for any deficiency.
With that said, here is an example outline of a loan.
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A Loan Agreement, also known as a promissory note, loan contract, or term loan, can be used for loans between individuals or companies. The borrower promises to pay back the loan in line with a repayment schedule (regular payments or a lump sum). A Loan Agreement is a written evidence of a loan between individual persons or entities, such as partnerships and corporations.
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