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Loan Agreement Between Friends
Document Type
DOCX
Pages
3
Price:
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Document Overview
A Loan Agreement between Friends is a written document that records the terms under which one friend lends money to another.
Purpose:
To prevent misunderstandings and preserve friendship by clarifying expectations.
To provide legal evidence of the loan in case of dispute.
To set repayment terms, interest (if any), and consequences of default.
To maintain mutual trust and accountability while complying with Kenyan contract law.
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