Consent Letter (Lender to Borrower)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💳 Consent letterBusiness activity
Consent to loanA consent letter is a document that gives someone else permission to do something on your behalf. In the context of the law, a consent letter may be used to give someone the authority to act on your behalf in legal matters, such as signing a contract or making a medical decision."
The content of this consent letter may vary depending on the specific circumstances, but it generally includes important information such as the names and contact details of both parties, the loan agreement reference or number, and a clear description of the action for which consent is being sought. This could include requests such as modifying repayment terms, extending the loan period, changing collateral, or undertaking additional financial obligations.
The letter should clearly state the lender's consent or refusal, providing reasons for the decision if applicable. It may include conditions or qualifications that must be met before consent is granted. Additionally, the letter should specify any variations to the original loan agreement that will arise as a result of the requested action.
A consent letter (Lender to Borrower) under UK law is a legal document that protects both parties' interests and ensures that any changes to the loan agreement are documented and agreed upon in a formal manner. It provides clarity and transparency, avoiding potential misunderstandings or disputes between the lender and borrower. This template can be customized to suit various lending scenarios and enables lenders to maintain control over their lending arrangements while accommodating necessary amendments requested by borrowers.
How it works
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
Book your personalised demo now
Similar legal templates
Section 643 Standard Statement Of Solvency (Reducing Capital)
The template assists companies in preparing a statement of solvency, which is a crucial document confirming that the company's assets exceed its liabilities after the proposed reduction of share capital. The statement of solvency must be signed by the company's directors and include relevant financial information, supporting the company's ability to meet its existing and future obligations post-reduction.
By using this legal template, companies can effectively navigate the legal procedures involved in reducing capital, safeguarding the interests of stakeholders and ensuring compliance with the Companies Act. It provides structure and assists in organizing the necessary information, ensuring that all required details are accurately captured within the statement of solvency.
Publisher
Genie AIJurisdiction
England and WalesSecurity Guard Contract
This Security Guard contract template is designed for a commercial security organisation (or an individual security guard) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of security and security-related services to be completed by the security guard on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the security firm or individual security guard on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
Genie AIJurisdiction
England and WalesSettlement Agreement Offer Letter (Following Protected Conversation Pre-Termination)
In the United Kingdom, employers may engage in a "protected conversation" with an employee to discuss certain matters related to the termination of their employment, without the risk of these conversations being used as evidence in an employment tribunal. This legal template specifically applies to situations where the employer wishes to propose a settlement agreement as an alternative to termination.
The Settlement Agreement Offer Letter serves as a formal communication from the employer to the employee, presenting the proposed terms of the settlement agreement, including financial compensation, benefits, and other relevant terms. It aims to outline a fair and mutually agreeable resolution, addressing any potential disputes or claims that may arise from the termination of employment.
This legal document typically includes sections covering the background of the protected conversations, the reasons for considering a settlement agreement, the terms and conditions being offered, any special conditions or restrictions, the timeline for response and negotiation, as well as the potential consequences of not accepting the offer. It will reference the relevant legal provisions under UK law, ensuring compliance and clarity in the document.
The Settlement Agreement Offer Letter is an essential step in initiating settlement discussions, encouraging open dialogue between employers and employees in an attempt to reach a mutually beneficial outcome, while protecting both parties' interests. It offers an opportunity for the employer and employee to negotiate and potentially avoid the time, expense, and uncertainty associated with taking the matter to an employment tribunal.
