Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

🪙 Assignment and novation

Business activity

Assign and novate

Why use a 🪙 Assignment and novation?

A novation is a transfer of rights or obligations under a contract from one party to another. This can be done with the consent of all parties to the contract, and may be necessary if the original party can no longer fulfill their obligations. An assignment, on the other hand, is a transfer of rights or obligations under a contract from one party to another without the consent of the other party or parties.

The Amendment Request Letter (Borrower to Lender) under UK law is a legal template specifically designed for borrowers seeking to modify the terms and conditions of an existing loan agreement. This document serves as a formal request from the borrower to the lender, outlining the desired changes to the original loan agreement.

The template typically includes sections to specify the borrower's contact information, the lender's contact information, and the loan agreement details such as the loan amount, repayment terms, and interest rate. It allows borrowers to clearly state the amendments they wish to negotiate, such as extending the repayment period, revising the interest rate, modifying the repayment schedule, or altering any other aspect of the loan agreement.

The Amendment Request Letter aims to ensure that the borrower's interests are represented while adhering to the legal framework prescribed by UK law. It provides a structured format for borrowers to formally communicate their preferences and negotiate new terms with the lender. This template also facilitates transparent and efficient communication between both parties, contributing to a collaborative approach in resolving potential disputes and ensuring compliance with regulatory requirements.

It is crucial to note that this legal template is only a framework and should be tailored to suit the specific circumstances and unique requirements of each borrower. Consulting with legal professionals or solicitors experienced in UK financial law is highly recommended to ensure the final document accurately reflects the borrower's intentions and aligns with the lender's policies.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Witness Statement Supporting Administration Order

A witness statement supporting an administration order under UK law is a legal document that provides a testimony from an individual who possesses relevant information or evidence pertaining to a proposed administration order. In UK law, an administration order is a formal insolvency procedure primarily designed to assist struggling businesses in their financial recovery, while protecting their creditors' interests. This legal template aims to gather firsthand accounts from witnesses who can verify and substantiate the necessity and feasibility of the administration order being sought by a company or its directors. These witnesses could include employees, creditors, financial experts, or any other parties with direct knowledge or involvement in the company's financial affairs. The statement should include detailed facts, observations, and any supporting evidence that could substantiate the company's financial difficulties, the potential benefits of an administration order, its overall viability, and the interests of all relevant stakeholders involved. The witness account should be objective, truthful, and transparent, serving to strengthen the company's application for an administration order and providing legal validity to the proposed insolvency procedure under the UK law.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
1
RATINGS
1
DISCUSSIONS
2

Virtual Freehold (Commercial Long Lease)

This legal template is designed to address the concept of a "Virtual Freehold (Commercial Long Lease)" under UK law.

A Virtual Freehold refers to a long-term lease agreement that grants extensive and almost perpetual rights to the tenant, similar to owning a freehold property. This legal template seeks to establish the terms and conditions of such a lease for commercial purposes, outlining the agreement between the landlord (the freeholder) and the tenant (the leaseholder).

The template may cover various crucial aspects, including the duration of the lease, rent payment obligations, conditions for alterations or improvements to the property, rights and responsibilities of both parties, insurance provisions, repair and maintenance obligations, and dispute resolution mechanisms. It may also include provisions regarding the termination or assignment of the lease, as well as the rights and remedies available to the parties in case of breach or default.

As the template pertains to UK law, it would likely incorporate relevant statutory regulations, case law precedents, and legal terminology specific to the jurisdiction. Its aim is to provide a comprehensive and legally binding agreement that protects the rights and interests of both parties involved in a commercial long lease agreement known as a Virtual Freehold under UK legislation.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
4
RATINGS
2
DISCUSSIONS
2

Wi-Fi Terms and Conditions From WISP to Business Customer

This legal template, titled "Wi-Fi Terms and Conditions From WISP to Business Customer under UK law", is a comprehensive contract agreement designed to establish the terms and conditions between a Wireless Internet Service Provider (WISP) and a business customer in the United Kingdom. It provides a framework to regulate the provision and use of Wi-Fi services by the WISP to the business customer, ensuring both parties understand their rights, obligations, and responsibilities.

The template covers a range of important clauses, including but not limited to:

1. Service provision: This section outlines the type and level of Wi-Fi service to be provided by the WISP to the business customer. It may include details such as bandwidth, accessibility, coverage area, and any limitations or restrictions on usage.

2. Payment and billing: This clause explains the payment terms, including fees, billing cycles, and accepted payment methods. It may also include provisions for late payments, disputes, and potential penalties for non-payment.

3. Service availability and maintenance: This section addresses the WISP's responsibility to ensure the availability, security, and reliability of the Wi-Fi service. It may outline maintenance schedules, potential service interruptions, and the WISP's liability for any service-related issues.

4. Acceptable use policy: This clause establishes guidelines for the business customer's use of the Wi-Fi service, including prohibited activities, data usage restrictions, and intellectual property rights infringement. It may also include provisions related to the customer's responsibility for security measures, such as password protection or network monitoring.

5. Privacy and data protection: This section outlines how the WISP collects, stores, and manages the business customer's personal or sensitive information. It may address data privacy laws, consent requirements, and any data breach notification obligations.

6. Termination and dispute resolution: This clause specifies the conditions under which either party can terminate the agreement, including provisions related to notice periods and potential penalties. It may also include a dispute resolution mechanism, such as mediation or arbitration, to resolve any disagreements between the WISP and the business customer.

This legal template ensures clarity and protects the rights of both the WISP and the business customer, enabling a mutually beneficial relationship under the legal framework provided by UK law.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
2
RATINGS
0
DISCUSSIONS
1