Letter of Waiver (Loan)
Publisher one
Genie AISource file
letter_of_waiver_(loan)_template.docxJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💳 Consent letterBusiness activity
Waive and consentA 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."
A Letter of Waiver (Loan) under UK law is a legal template that can be used in various circumstances where a person or entity seeks to waive a specific condition or requirement related to a loan agreement. This document serves as a formal written correspondence between the lender and borrower, outlining the explicit voluntary relinquishment or removal of certain rights, claims, obligations, or provisions agreed upon in the original loan agreement.
The template typically begins by addressing the parties involved, i.e., the lender and borrower, followed by a clear statement indicating the purpose of the letter, which is to formally waive specific terms, conditions, or responsibilities related to the loan. The document may further outline the specific terms being waived, such as late fees, interest payments, collateral requirements, or any other provisions included in the loan agreement.
To ensure the waiver is legally binding, this template often includes an acknowledgement section where both parties can sign, signifying their understanding and consent to the waiver. It is crucial to note that this legal template is crafted in accordance with UK law, which may require additional legal considerations depending on the specifics of the loan agreement and the jurisdiction in which it is being used.
Overall, a Letter of Waiver (Loan) serves as an official written communication that enables lenders and borrowers to modify existing loan terms in a manner that satisfies both parties, establishing a clear understanding and agreement regarding the waived conditions. This template provides a structured format to ensure clarity, enforceability, and adherence to applicable laws within the UK legal system.
The template typically begins by addressing the parties involved, i.e., the lender and borrower, followed by a clear statement indicating the purpose of the letter, which is to formally waive specific terms, conditions, or responsibilities related to the loan. The document may further outline the specific terms being waived, such as late fees, interest payments, collateral requirements, or any other provisions included in the loan agreement.
To ensure the waiver is legally binding, this template often includes an acknowledgement section where both parties can sign, signifying their understanding and consent to the waiver. It is crucial to note that this legal template is crafted in accordance with UK law, which may require additional legal considerations depending on the specifics of the loan agreement and the jurisdiction in which it is being used.
Overall, a Letter of Waiver (Loan) serves as an official written communication that enables lenders and borrowers to modify existing loan terms in a manner that satisfies both parties, establishing a clear understanding and agreement regarding the waived conditions. This template provides a structured format to ensure clarity, enforceability, and adherence to applicable laws within the UK legal system.
How it works
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.
Similar legal templates
Software Pilot Evaluation Licence And NDA
The "Software Pilot Evaluation Licence and NDA under UK Law" is a legal template that outlines the terms and conditions of a software pilot evaluation license agreement governed by the laws of the United Kingdom. This template is designed to provide a framework for companies or individuals who wish to allow third parties to evaluate and test their software products before making a final decision on purchasing or deploying the software.
The template typically includes provisions addressing the scope of the evaluation, including the permitted use of the software, duration of the pilot program, and any restrictions on modifying or distributing the software. It may also cover matters related to intellectual property rights, such as ownership and confidentiality obligations. The template further provides provisions for data protection and privacy, specifying how any personal or sensitive information collected during the evaluation will be handled and protected.
Additionally, this legal template includes a non-disclosure agreement (NDA) to protect the confidentiality of proprietary information shared during the evaluation period. The NDA typically covers obligations related to non-disclosure, non-use, and return of confidential information after the evaluation is completed.
By utilizing this legal template, both the software provider and the evaluator can ensure that their respective rights and interests are protected. It serves as a formal agreement that provides clarity and a legal framework for conducting a software pilot evaluation under UK law.
The template typically includes provisions addressing the scope of the evaluation, including the permitted use of the software, duration of the pilot program, and any restrictions on modifying or distributing the software. It may also cover matters related to intellectual property rights, such as ownership and confidentiality obligations. The template further provides provisions for data protection and privacy, specifying how any personal or sensitive information collected during the evaluation will be handled and protected.
Additionally, this legal template includes a non-disclosure agreement (NDA) to protect the confidentiality of proprietary information shared during the evaluation period. The NDA typically covers obligations related to non-disclosure, non-use, and return of confidential information after the evaluation is completed.
By utilizing this legal template, both the software provider and the evaluator can ensure that their respective rights and interests are protected. It serves as a formal agreement that provides clarity and a legal framework for conducting a software pilot evaluation under UK law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
4
RATINGS
2
DISCUSSIONS
0
Standard B2B Contract For Transferring Domain Name (Seller Friendly)
This legal template is a standardized contract designed for facilitating the transfer of domain names between two businesses (B2B) under UK law. The key characteristic of this template is that it has been tailored to protect the interests of the seller, meaning it includes provisions that are advantageous or favorable to the seller more so than the buyer. The contract defines the terms and conditions under which the domain name will be sold and transferred, including details on pricing, payment terms, warranties, indemnification, and other relevant clauses. By utilizing this template, both parties can enter into a legally binding agreement that outlines their rights, responsibilities, and obligations throughout the domain name transfer process, providing a clear framework to resolve any potential disputes that may arise.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
10
RATINGS
5
DISCUSSIONS
0
Standard Application For Intra Company Transfer Switch To Skilled Worker (Letter To Home Office)
The legal template titled "Standard Application For Intra Company Transfer Switch To Skilled Worker (Letter To Home Office)" under UK law is a formal document used for Individuals or employers to apply for an intra-company transfer switch for skilled workers in the United Kingdom.
In the context of UK immigration law, an intra-company transfer enables an employee from an overseas branch or subsidiary of a multinational company to be transferred to the UK branch for a certain period, typically because their specialized skills or knowledge are needed there. However, if the individual wishes to switch their immigration status from an intra-company transfer to a skilled worker category, this application template becomes relevant.
The template includes specific information required to complete the application process. This may include details about the applicant's current work position, their sponsoring employer, the duration and purpose of the transfer, their continuous employment at the overseas branch, and their intention to work in a skilled worker capacity in the UK. Additionally, the letter may provide a justification for the switch, emphasizing how the skilled worker route aligns with the applicant's qualifications and the UK employer's need for their expertise.
By using this legal template, applicants can ensure that they submit a comprehensive and accurate application. As this template is tailored specifically for the UK legal framework, it adheres to the necessary guidelines and regulations set by the Home Office, enhancing the individual's chances of a successful transfer to the skilled worker category.
In the context of UK immigration law, an intra-company transfer enables an employee from an overseas branch or subsidiary of a multinational company to be transferred to the UK branch for a certain period, typically because their specialized skills or knowledge are needed there. However, if the individual wishes to switch their immigration status from an intra-company transfer to a skilled worker category, this application template becomes relevant.
The template includes specific information required to complete the application process. This may include details about the applicant's current work position, their sponsoring employer, the duration and purpose of the transfer, their continuous employment at the overseas branch, and their intention to work in a skilled worker capacity in the UK. Additionally, the letter may provide a justification for the switch, emphasizing how the skilled worker route aligns with the applicant's qualifications and the UK employer's need for their expertise.
By using this legal template, applicants can ensure that they submit a comprehensive and accurate application. As this template is tailored specifically for the UK legal framework, it adheres to the necessary guidelines and regulations set by the Home Office, enhancing the individual's chances of a successful transfer to the skilled worker category.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
4
RATINGS
1
DISCUSSIONS
0
