Free Commercial law Templates

A loan bond in India under which a debtor borrows money supported by a surety, with repayment secured by a simple mortgage of immovable property. The debtor and surety are jointly and severally liable to repay the loan in four equal half-yearly instalments with interest; on default of any instalment the whole amount becomes payable at once, and the creditor may sell the mortgaged property, in part or full, to recover the principal and interest. The debtor and surety warrant that the property is free of encumbrances. Note: a simple mortgage of immovable property securing Rs. 100 or more must be by a registered instrument under the Transfer of Property Act, 1882.

A loan agreement between a bank and a borrower in India for an overdraft / cash-credit facility to finance the borrower's business, up to a maximum limit and secured by a mortgage of the borrower's property. It covers the facility limit, interest charged on the daily balance and debited monthly, incidental and commission charges, the property mortgaged as security and the borrower's personal guarantee, a one-year term renewable on notice, and the borrower's obligation to repay the outstanding balance on demand — with the bank's books to be conclusive evidence of the amount due.

A continuing guarantee given by a single surety to a bank in respect of a single customer's account in India. The surety agrees to pay the bank, up to a stated maximum plus interest, all moneys and liabilities the customer owes on any account, together with interest and banking charges. It is a continuing guarantee terminable on three months' written notice, preserves the bank's freedom to grant the customer time or indulgence and to deal with other securities without discharging the surety, allows the bank to prove for its full claim in the customer's insolvency, and binds the surety's estate. Governed by the guarantee provisions of the Indian Contract Act, 1872

This template is a consignment agreement for a retail showroom where a supplier provides products for sale at a physical outlet managed by a second party. It outlines responsibilities for renovation, staffing, utility costs, and insurance, while ensuring the supplier retains ownership of the inventory until sold.

A deed of hypothecation under which a borrower charges a machine or asset — purchased with finance provided by a private lender — as security for repayment of the loan, in India. The creditor pays the balance purchase price to the manufacturer on the borrower's behalf and retains the original invoice until the debt is discharged; the borrower hypothecates the asset (described in Schedule A) and undertakes to repay principal and interest in monthly instalments (Schedule B). It covers default interest and acceleration on default, a restriction on removing the asset out of the State without intimation to the creditor, insurance of the asset, and dispute resolution by arbitration under the Arbitration and Conciliation Act, 1996.

A business development agreement under which a company (Second Party), specialising in corporate advisory and business development, undertakes to develop business for another company (First Party) in India, at its own cost. It covers the second party's activities — gathering market, sales and tender information, sourcing leads, and supporting the first party's bidding for tenders — and provides for success-based professional charges (a percentage of the contract value) payable only if a tender is awarded to the first party. It also covers the taxes borne by the first party, the continuation of the arrangement for future tenders only on the first party's written assignment, termination on 15 days' notice, and confirmation that no fiduciary relationship is created.

An asset purchase agreement under which a company (Purchaser) buys the assets of a running restaurant — fittings, fixtures, furniture, kitchen and delivery equipment, and other items — from a partnership firm (Seller) in India. The purchase price is applied, at the Seller's mandate, to clear the Seller's bank loan (secured by hypothecation of the assets), the landlord's rent dues and electricity dues, with any balance paid to the Seller's other creditors as directed. It covers the closing and deliveries (including confirmation letters releasing encumbrances and a bill of sale), the Seller's representations and warranties as to title and condition of the assets, conditions to closing, indemnification (with a third-party-claim procedure), arbitration under the Arbitration and Conciliation Act, 1996, and allocation of expenses and taxes.

An agreement for the supply of goods according to a sealed sample, between a seller and a purchaser company in India (drafted here for cotton). It covers the quantity, variety and conformity to the sealed sample, the supply period (time being of the essence), payment for each instalment after quality inspection, rejection of substandard goods and the purchaser's right to auction unremoved rejected goods at the seller's risk and cost, the finality of the purchaser's inspector's decision on quality, and the purchaser's right to repudiate and buy in the shortfall at the seller's expense if the seller fails to supply in time.

An indemnity given by a person who has received goods, articles or money but has lost the original receipt. The recipient acknowledges receipt and, for himself and his heirs, executors and administrators, undertakes to hold the payer or deliverer, its agents and servants, harmless and indemnified against all claims to the goods or money. A second signer certifies that the recipient is the bona fide owner and stands surety, undertaking the whole liability equally with the recipient.

This template allows an appointed attorney to delegate their existing legal powers and authorities to a substitute individual. It is designed for situations where the original attorney is temporarily unable to act, such as during travel, and includes a clause to ratify the substitute's actions.