Partnership Loan Agreement

A Partnership Loan Agreement is a legal document that outlines the terms and conditions for a loan made by the partnership to a partner or by a partner to the partnership. It typically includes the amount of the loan, the interest rate, the repayment schedule, and any collateral or security required. The agreement may also address issues such as the use of the loan proceeds, the consequences of default, and the rights and remedies of the lender. A Partnership Loan Agreement helps to ensure that the loan is properly documented and accounted for, and can help to minimize the risk of misunderstandings or disputes between the partnership and the partner.