When do I use this document? secured loan agreement for a secured loan of a fixed amount to be drawn in a single advance for a borrower which is a company incorporated in England and Wales for a loan repayable on a single repayment date or in instalments What are the key features? easy to edit, with 21 clauses over 13 pages single advance of specified loan amount regular interest payments at either fixed or floating interest rate by reference to specified bank’s base rate of interest repayment either on a single repayment date or in instalments undertakings from the borrower, including to provide information to the lender and prohibition on granting security and additional borrowings events of default, including a failure by the borrower to repay the loan or interest, leading to the lender having the right to demand immediate repayment What else do I need to know? The security would need to be created and governed by a separate security document between the borrower and the lender, depending on the nature of the secured property or assets. Examples of security documents include: a charge over property a charge over shares a debenture, containing fixed and floating charges over all of the borrower’s assets and undertaking What other documents are available? For a form of unsecured loan document, see Loan Agreement: unsecured For forms of unsecured and secured facility agreements, for advances of loans in several lump sums, see Facility Agreement: unsecured Facility Agreement: secured

Contract Termination

Agreement for the termination of a contract with the agreement of both parties. The parties can choose whether any provisions of the contract continue in effect after termination and whether termination is a release of all claims under the contract.

for termination of a contract by mutual agreement of the parties
for a contract governed by English law

What are the key features?

agreement in the form of a deed of termination
alternative wording depending on whether any provisions of the contract will continue in force after termination
alternative wording depending on whether termination amounts to a release of all claims under the contract

What else do I need to know?

The parties to a contract may agree to bring an agreement to an end earlier than originally envisaged. The contract may itself provide for circumstances in which the contract may be terminated. These include:

completion: termination of the contract once the subject-matter of the contract has been achieved
notice: termination by one party by giving a specified period of notice to the other party
breach: termination by one party either on immediate notice or by giving a specified period of notice following the breach of the contract by the other party (the defaulting party). The contract may provide that the breach must be “material” or “repeated” and/or that the defaulting party has a period of time in which to remedy the breach before the non-defaulting party may terminate the contract

In the absence of a party being entitled to terminate the contract by its terms, the termination of a contract will require the mutual agreement of both parties to the contract.

Description

When do I use this document?

secured loan agreement for a secured loan of a fixed amount to be drawn in a single advance
for a borrower which is a company incorporated in England and Wales
for a loan repayable on a single repayment date or in instalments

What are the key features?

easy to edit, with 21 clauses over 13 pages
single advance of specified loan amount
regular interest payments at either fixed or floating interest rate by reference to specified bank’s base rate of interest
repayment either on a single repayment date or in instalments
undertakings from the borrower, including to provide information to the lender and prohibition on granting security and additional borrowings
events of default, including a failure by the borrower to repay the loan or interest, leading to the lender having the right to demand immediate repayment

What else do I need to know?

The security would need to be created and governed by a separate security document between the borrower and the lender, depending on the nature of the secured property or assets. Examples of security documents include:

a charge over property
a charge over shares
a debenture, containing fixed and floating charges over all of the borrower’s assets and undertaking

What other documents are available?

For a form of unsecured loan document, see

Loan Agreement: unsecured

For forms of unsecured and secured facility agreements, for advances of loans in several lump sums, see

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

£35.00 exc VAT

Updated by a lawyer on 05/01/2023

Updated By a lawyer on 01/05/2023

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Contract Termination

When do I use this document?

What are the key features?

What else do I need to know?

When do I use this document?

What are the key features?

What else do I need to know?

What other documents are available?

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Create your document in 3 Easy Steps

PaperRock offers affordable, legal document templates, written by experienced and expert lawyers, trusted by businesses across the UK and beyond. No hidden charges or trial sign-ups are required to complete your document.

“I have worked in legal and business affairs for over 25 years and need access to a wide range of corporate and commercial legal precedents. Paperrock is a refreshing source of high-quality legal templates. Superb value for money.”

Amanda | Bannister Creative

“It’s hard to find legal documents on the internet you can really trust. Knowing an expert lawyer has drafted what I need, gives my business the edge and gives me peace of mind.”

Elle, Founder | Winslow skincare & aesthetics.

“As an SME Paperrock saves us the legal fees we’ve previously had to spend. In these challenging times that's a big help. Great products and support.”

Giles, MD | Boniti Ltd.

Contract Termination

When do I use this document?

What are the key features?

What else do I need to know?

When do I use this document?

What are the key features?

What else do I need to know?

What other documents are available?

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Related Articles

Create your document in 3 Easy Steps

PaperRock offers affordable, legal document templates, written by experienced and expert lawyers, trusted by businesses across the UK and beyond. No hidden charges or trial sign-ups are required to complete your document.

“I have worked in legal and business affairs for over 25 years and need access to a wide range of corporate and commercial legal precedents. Paperrock is a refreshing source of high-quality legal templates. Superb value for money.”

Amanda | Bannister Creative

“It’s hard to find legal documents on the internet you can really trust. Knowing an expert lawyer has drafted what I need, gives my business the edge and gives me peace of mind.”

Elle, Founder | Winslow skincare & aesthetics.

“As an SME Paperrock saves us the legal fees we’ve previously had to spend. In these challenging times that's a big help. Great products and support.”

Giles, MD | Boniti Ltd.

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