Personal loan repayment agreement template – Can the free legal documents offered on the Net be a replacement for consulting with a lawyer?
In some cases, most definitely.
To provide 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 choose to give your parent a power of attorney to sell something on your behalf whilst away on holiday. It does not require specialized legal knowledge to compile a bill of sale for a motorcycle, automobile or other goods or to draw up a limited power of attorney.
Similarly, a young person without plenty of assets may want to draft a last will and testament or a living will. For many young people a standard legal template can be used to make their documents and the forms can be downloaded free from the web, without incurring legal expenses. Of course, it will be a different case for a billionaire with various assets and a complicated 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 require a more comprehensive temporary guardianship form if their child will be staying with a relative or trusted friend. These sample forms are freely available online.
Free legal documents are especially valuable when they’re also accompanied by legal guidelines on how to complete them.
Although the law recognizes oral agreements, it always makes sense to get it in writing to avoid arguments over what exactly was agreed upon. Using sample legal documents to compile your own contracts is no different to lawyers using their existing templates for standard agreements.
Of course there are several instances where you must check with an attorney. Again, you can use the free legal files and free legal information available on the Internet to do your preparation beforehand and so lower the consulting period – and hours charged. Please have a look our personal loan repayment agreement template on the attachment page.
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