Loan Agreements

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

Our Proven Experience

For 25 years we have acted for businesses and companies of all sizes as well as for financial institutions including the Bank of Melbourne, United Credit Union now Beyond Bank Australia, National Australia Bank, Bank of Queensland and large National Mortgage Insurer MGICA.  

This work however, whilst important, has certainly not been more important to us than helping businesses of all sizes, and individuals, in providing the best prepared loan agreements to them, or by helping them enforce those agreements.

Our rates and fixed prices are lower than the prices charged by many Perth Commercial law firms because we own our offices so we don't pay the exorbitant St George's Tce rent that many commercial law firms do.

We offer fixed fees for Loan Agreements.

Collecting Loan Agreement Debts

For information on how we can help you recover monies outstanding on loan agreements, see Debt Recovery.

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?