Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

💶 Facility agreement

Business activity

Borrow money

Why use a 💶 Facility agreement?

A facility agreement is a type of agreement that is used to provide financing for a company or individual. The agreement outlines the terms of the loan, including the interest rate, repayment schedule, and any collateral that is required. The agreement also outlines the roles and responsibilities of the lender and borrower.

The Facility Agreement (Bilateral Loan Agreement) under UK law is a legal template that outlines the terms and conditions of a loan between two parties. This agreement is specifically designed for bilateral loans, which are loans between two parties and not involving a syndicate or multiple lenders.

The template covers all essential aspects of the loan agreement, including the loan amount, interest rate, repayment terms, and any specific obligations or covenants that both parties must adhere to. It provides a clear framework for the borrower and lender to understand their rights and responsibilities throughout the loan term.

Under UK law, this Facility Agreement ensures compliance with applicable legal requirements and regulations. It helps to safeguard the interests of both parties involved, minimizing potential disputes or misunderstandings.

This legal template can be utilized across various industries and sectors for bilateral loan transactions, such as financing for corporate acquisitions, infrastructure projects, real estate development, or working capital needs. It offers flexibility for customization, allowing parties to include specific provisions or clauses tailored to their unique requirements.

By using this Facility Agreement (Bilateral Loan Agreement) template under UK law, both the borrower and lender can establish a clear understanding of their financial obligations and protect their respective interests throughout the loan term. It serves as a valuable tool to formalize and regulate bilateral loan transactions under the legal framework of the United Kingdom.

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

Standard Amendment Letter

A Standard Amendment Letter under UK law is a legal template that provides a framework for individuals or organizations to formally propose modifications or changes to an existing agreement, contract, or document. This type of correspondence is typically used when both parties involved in an agreement require alterations to the terms and conditions previously agreed upon.

The template may outline the purpose of the amendment, identifying the specific section or clause in the original agreement that requires modification and clearly articulating the proposed changes. It generally provides space for detailed explanations and justifications for the proposed amendments to ensure clarity and understanding between the parties.

The Standard Amendment Letter under UK law seeks to ensure compliance with legal requirements, contract provisions, and regulations in the United Kingdom. It may include language to address potential disputes, specify the effective date of the amendments, and outline any necessary consideration or payment associated with the modifications.

This legal template serves as an important documentation tool, helping parties to a contract communicate changes in a formal and legally binding manner. It provides a structured process for initiating amendments, ensuring both parties are on the same page and reducing the risk of misunderstanding, ambiguity, or future litigation.

However, it is important to note that the actual content and specifics of the Standard Amendment Letter will depend on the nature and terms of the original agreement, as well as the intentions and needs of the parties involved. Consulting with legal professionals to adapt the template to specific circumstances is strongly recommended to ensure compliance with UK law and protect the interests of all parties involved.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
4
RATINGS
0
DISCUSSIONS
1

Software Development Contract (Pro-Supplier)

The Software Development Contract (Pro-Supplier) is a legal template designed specifically for software development projects. This contract is formulated in accordance with the laws and regulations of the United Kingdom (UK) and serves to establish a formal agreement between a software development supplier (such as a company or individual) and their client.

This contract template outlines the terms and conditions of the software development project, ensuring clarity and defining the obligations and responsibilities of both parties involved. It covers various key aspects including the scope of work, deliverables, timelines, payment terms, intellectual property rights, confidentiality, liability, dispute resolution, and termination clauses.

The primary focus of this contract is to protect the interests of the software development supplier by clearly defining the services to be provided, ensuring timely payments, establishing ownership and protection of intellectual property rights, and limiting any potential liabilities. It offers provisions that enable the supplier to maintain control over the project and minimize risks associated with non-payment, project scope changes, or unauthorized use of their work.

By utilizing this legal template, software development suppliers operating in the UK can establish a legally binding agreement with their clients that sets forth clear guidelines and expectations, helping to mitigate potential disputes or disagreements throughout the course of the project.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
5
RATINGS
1
DISCUSSIONS
2

Site Engineer Contract

This Site Engineer contract template is designed for a commercial site engineering organisation (or an individual site engineer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of site engineering and site-engineering-related services to be completed by the site engineer 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 site engineering firm or individual site engineer 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).

Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
3
RATINGS
2
DISCUSSIONS
0