Line of credit loan agreement template – Can the free legal documents provided on the Net be a replacement for consulting with a lawyer?
In some cases, most definitely.
To give a simple example: The law in your state may require a written contract for the sale of goods over a certain value. Or for that matter, you may want to give your parent a power of attorney to sell something on your behalf whilst away on holiday. It does not need specialized legal knowledge to compile a bill of sale for a motorcycle, automobile or other goods or to draw a limited power of attorney.
Likewise, a young person without plenty of assets might want to draft a final will and testament or a living will. For most young people a standard legal template can be used to make their files and the forms can be downloaded free from the web, without incurring legal expenses. Of course, it’ll be a different case for a billionaire with several assets and a complex will where consultation with a legal and/or financial expert is invaluable.
Many parents recognize the need for a medical consent form for a babysitter in case of a medical emergency. Or they may need a broader temporary guardianship form if their child will be staying with a relative or trusted friend. These sample forms are publicly available online.
Free legal documents are especially valuable when they’re also accompanied by legal guidelines on how best to complete them.
Even though the law recognizes oral agreements, it always makes sense to get it in writing to avoid arguments over what exactly was agreed upon. Applying sample legal documents to compile your own contracts is no different to lawyers using their present templates for standard agreements.
Of course there are many instances where you must check with a lawyer. Again, you can use the free legal files and free legal information available on the world wide web to do your preparation beforehand and so lower the consulting period – and hours billed. Please take a look our line of credit loan agreement template on the attachment page.
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