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  • Termination Agreement

    Have all the parties to an agreement mutually agree to terminate the same

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    A Termination Agreement is a formal and written document showing that all the parties have mutually agreed to cancel the agreement or contract and the date the termination will be effective.

  • Termination of Agreement Letter

    Give a written notification to the other party that you are terminating the agreement

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    A Termination of Agreement Letter is a formal and written notification to the other party that you are terminating the agreement or contract you have with that party. It specifies the date the termination will be effective and may even state the reason why the agreement is being terminated.

    There are no special legal requirements to send a Termination of Agreement Letter but it’s best to use a mode of service where you can trace whether it was received or not (i.e. via courier).  Further it’s advisable for you to save copies of the letter for yourself in case legal action is pursued later on.

  • Unilateral Non-Disclosure Agreement

    Protect confidential and sensitive information by prohibiting the recipient of the information from disclosing it to 3rd persons.

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    A Unilateral Non-Disclosure Agreement (“NDA”) facilitates the sharing of confidential business information and trade secrets between persons or organizations.  Under the NDA one party shares confidential information to another who agrees to keep the said information confidential and not to disclose the same.

    An NDA contains basic terms such as (1) what is defined as confidential information; (2) what is excluded from the definition of confidential information; and (3) under what circumstances the confidential information may be disclosed.  With Legal Tree you can create an NDA with only the most basic terms or you can make it as detailed and complex as needed for your business.

  • Unsecured Promissory Note

    Lend money with a simple and straightforward loan document. Best for loans involving small amounts.

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    A Promissory Note is a legally binding document where a person lends money (the “lender”) to another person (the “borrower”) subject to the borrower’s obligation to repay, sometimes with interest.  The loan contract stipulates the terms of the loan such as the (1) amount loaned; (2) interest rate; and (3) terms of payment.

    A Promissory Note may also be either secured or unsecured.  A secured loan refers to a loan protected by a collateral which the lender can sell if the borrower fails to timely pay the loan.  A collateral can be either movable property (i.e. jewelry) or immovable property (i.e. a house).  On the other hand, an unsecured loan refers to a loan that offers no collateral and leaves the lender with no property that can be readily sold to pay off the loan if the borrower defaults.

    With Legal Tree you can easily create and customize the right Promissory Note for you depending on your situation.

  • Unsecured Promissory Note (Down-Payment with Equal Monthly Installments)

    Lend money with a simple and straightforward loan document. Repayment is to be made in 1 initial down-payment then equal monthly installments.

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    A Promissory Note is a legally binding document where a person lends money (the “lender”) to another person (the “borrower”) subject to the borrower’s obligation to repay, sometimes with interest.  The loan contract stipulates the terms of the loan such as the (1) amount loaned; (2) interest rate; and (3) terms of payment.

    A Promissory Note may also be either secured or unsecured.  A secured loan refers to a loan protected by a collateral which the lender can sell if the borrower fails to timely pay the loan.  A collateral can be either movable property (i.e. jewelry) or immovable property (i.e. a house).  On the other hand, an unsecured loan refers to a loan that offers no collateral and leaves the lender with no property that can be readily sold to pay off the loan if the borrower defaults.

    With Legal Tree you can easily create and customize the right Promissory Note for you depending on your situation.

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