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
Similar legal templates
Simple B2B Supply Of Goods Agreement (Pro-Customer)
The "Simple B2B Supply of Goods Agreement (Pro-Customer) under UK law" is a legal template designed to regulate the transactional relationship between two businesses, referred to as the "supplier" and the "customer," operating within the United Kingdom.
This agreement specifically focuses on the supply of goods by the supplier to the customer, encompassing the terms and conditions that govern the entire process. It outlines the responsibilities, rights, and obligations of both parties in a concise and user-friendly manner, ensuring a fair and transparent transaction.
Key areas covered by this template include the description of goods, delivery terms, pricing, payment terms, quality assurance, intellectual property rights, liability, and dispute resolution mechanisms. The language and terms employed in the agreement are primarily designed to protect the customer's interests, fostering a pro-customer approach while adhering to UK legal requirements and standards.
Overall, this Simple B2B Supply of Goods Agreement (Pro-Customer) template provides a comprehensive framework for businesses engaged in the supply of goods, establishing a clear understanding between supplier and customer while minimizing potential disputes or ambiguities. By utilizing this template, both parties can confidently engage in commercial transactions, secure in the knowledge that their rights and obligations are properly defined and protected under UK law.
This agreement specifically focuses on the supply of goods by the supplier to the customer, encompassing the terms and conditions that govern the entire process. It outlines the responsibilities, rights, and obligations of both parties in a concise and user-friendly manner, ensuring a fair and transparent transaction.
Key areas covered by this template include the description of goods, delivery terms, pricing, payment terms, quality assurance, intellectual property rights, liability, and dispute resolution mechanisms. The language and terms employed in the agreement are primarily designed to protect the customer's interests, fostering a pro-customer approach while adhering to UK legal requirements and standards.
Overall, this Simple B2B Supply of Goods Agreement (Pro-Customer) template provides a comprehensive framework for businesses engaged in the supply of goods, establishing a clear understanding between supplier and customer while minimizing potential disputes or ambiguities. By utilizing this template, both parties can confidently engage in commercial transactions, secure in the knowledge that their rights and obligations are properly defined and protected under UK law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
4
RATINGS
2
DISCUSSIONS
1
Senior Employment Agreement (Genie)
The Senior Employment Agreement (Genie) under UK law is a legal template designed specifically for senior employees and employers based in the United Kingdom. This agreement solidifies the terms and conditions of employment between a senior employee and their employer, ensuring clarity and transparency in the working relationship.
This legal document outlines various important aspects, including the job position and title of the senior employee, reporting structure, duties, and responsibilities. It also covers the compensation package, including salary, bonuses, and benefits, and may include details on stock options or equity if applicable.
The agreement sets forth the working hours, leave entitlements, and any specific provisions related to the senior employee's working conditions and arrangements. It may also include clauses addressing intellectual property rights, confidentiality, and non-compete agreements to safeguard the employer's interests.
Other vital aspects covered in the Senior Employment Agreement include termination and notice period requirements, disciplinary procedures, and provisions related to any potential disputes arising between the senior employee and employer.
Ultimately, this legal template aims to establish a mutually beneficial and legally sound employment relationship by clearly defining the expectations and rights of both the senior employee and the employer. It serves as a tool to protect the interests of both parties and ensures compliance with UK employment laws and regulations.
This legal document outlines various important aspects, including the job position and title of the senior employee, reporting structure, duties, and responsibilities. It also covers the compensation package, including salary, bonuses, and benefits, and may include details on stock options or equity if applicable.
The agreement sets forth the working hours, leave entitlements, and any specific provisions related to the senior employee's working conditions and arrangements. It may also include clauses addressing intellectual property rights, confidentiality, and non-compete agreements to safeguard the employer's interests.
Other vital aspects covered in the Senior Employment Agreement include termination and notice period requirements, disciplinary procedures, and provisions related to any potential disputes arising between the senior employee and employer.
Ultimately, this legal template aims to establish a mutually beneficial and legally sound employment relationship by clearly defining the expectations and rights of both the senior employee and the employer. It serves as a tool to protect the interests of both parties and ensures compliance with UK employment laws and regulations.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
28
RATINGS
2
DISCUSSIONS
2
Section 172 Liquidator Removal Application Notice (Compulsory Liquidation)
The legal template for the Section 172 Liquidator Removal Application Notice (Compulsory Liquidation) under UK law is a document used in the context of compulsory liquidation proceedings. It serves as a formal notice initiating an application to remove the appointed liquidator, who is responsible for winding up a company's affairs and distributing assets to creditors.
The template outlines the specific provisions and requirements stipulated in Section 172 of the UK Companies Act, which governs the removal process of a liquidator. This section typically details the grounds on which the liquidator can be challenged, such as misconduct, incompetence, or a failure to perform duties in the best interests of the company and its stakeholders.
The notice starts by identifying the relevant court where the application will be filed, providing the case number and parties involved in the liquidation proceedings. It then sets out the reasons and supporting evidence for seeking the removal of the liquidator, often highlighting specific instances or actions that justify the application. These reasons must be articulated clearly, concisely, and in accordance with the legal grounds set out in Section 172.
Additionally, the template may include information related to the appointment or proposed replacement of another liquidator, ensuring the continuity of the liquidation process. This section may provide details on the qualifications, experience, and suitability of the proposed new liquidator.
Once completed, the Section 172 Liquidator Removal Application Notice must be filed with the relevant court and served to all parties involved in the liquidation proceedings. It is a crucial legal document that initiates the formal process of challenging the liquidator's appointment, allowing interested parties to protect their rights and interests throughout the compulsory liquidation.
The template outlines the specific provisions and requirements stipulated in Section 172 of the UK Companies Act, which governs the removal process of a liquidator. This section typically details the grounds on which the liquidator can be challenged, such as misconduct, incompetence, or a failure to perform duties in the best interests of the company and its stakeholders.
The notice starts by identifying the relevant court where the application will be filed, providing the case number and parties involved in the liquidation proceedings. It then sets out the reasons and supporting evidence for seeking the removal of the liquidator, often highlighting specific instances or actions that justify the application. These reasons must be articulated clearly, concisely, and in accordance with the legal grounds set out in Section 172.
Additionally, the template may include information related to the appointment or proposed replacement of another liquidator, ensuring the continuity of the liquidation process. This section may provide details on the qualifications, experience, and suitability of the proposed new liquidator.
Once completed, the Section 172 Liquidator Removal Application Notice must be filed with the relevant court and served to all parties involved in the liquidation proceedings. It is a crucial legal document that initiates the formal process of challenging the liquidator's appointment, allowing interested parties to protect their rights and interests throughout the compulsory liquidation.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
1
RATINGS
3
DISCUSSIONS
2