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Taylor A. on ContractsCounsel
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5.0 (1)
Member Since:
August 10, 2023

Taylor A.

General Counsel
Free Consultation
Mooresville, North Carolina
8 Yrs Experience
Licensed in NC
Charlotte School of Law

After starting my professional career in Human Resources in the Healthcare and Non-profit fields, I decided to expand my options and attended law school, passing the North Carolina bar in 2016. Since then, I have practiced in-house for healthcare companies, in the civil rights arena, and run my own business. I am currently looking to return to my legal roots and am excited to practice business law again.

Michael A. on ContractsCounsel
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4.1 (9)
Member Since:
August 4, 2023

Michael A.

Attorney
Free Consultation
Arlington, Texas
41 Yrs Experience
Licensed in TX
DePaul College of Law

A veteran real estate attorney with experience ranging from drafting and negotiating land development agreements, to purchase and sale and lease agreements for multifamily and large commercial proects.

Rocco D. on ContractsCounsel
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Member Since:
August 4, 2023
Jordan P. on ContractsCounsel
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Member Since:
October 9, 2023

Jordan P.

Associate Attorney
Free Consultation
Killeen, Texas
3 Yrs Experience
Licensed in TX
Baylor Law School

Hailing from Central Texas, Jordan Pender graduated from Baylor University in 2017 with his Bachelor of Arts degree and in 2021 he graduated from Baylor Law School with his Juris Doctor. Since August of 2021, Jordan has been working as an associate attorney for The Law Office of Gregory K. Simmons in Killeen, Texas focusing in general civil litigation. Areas of expertise include: Family Law, Contractual disputes, Business entity formation and planning, and Landlord & Tenant disputes.

Max K. on ContractsCounsel
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Member Since:
August 5, 2023

Max K.

Associate General Counsel
Free Consultation
Las Vegas, Nevada
12 Yrs Experience
Licensed in CA, NY
Western State University College of Law

Transactional attorney with experience in drafting, reviewing and negotiating contracts related and ancillary to commercial leasing. Licensed in CA and NY.

Loi L. on ContractsCounsel
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Member Since:
August 6, 2023

Loi L.

Business Lawyer
Free Consultation
Miramar, Florida
23 Yrs Experience
Licensed in FL
Florida State University

Loi Laing is a seasoned contract lawyer with a meticulous eye for detail and a passion for delivering excellence. Currently a legal consultant for KPMG, most recently she has also worked in San Francisco for Silicon Valley startups. Holding a Juris Doctorate from Florida State University College of Law, Loi has also studied law at Oxford University and the University of the West Indies. Throughout her career, Loi has a proven track record in meticulously reviewing and drafting contracts across various legal domains. She possesses a robust legal foundation that spans commercial business, tech, entertainment, and real estate law.

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Loans Legal Questions and Answers

Loans

Promissory Note

California

Asked on May 12, 2021

Is a promissory note legally binding?

I was told by my brother n sister that I would be able to borrow against my parents estate 20,000.00 to buy a trailer and car. This was my dad's wish. A trailer was bought for 13,563.95 and I was told I'd have to wait for car. I have medical issues and have to travel 45 miles either way to see my Drs so a car is very important. My brother executer and sister showed up yesterday saying they never said 20,000. and I'm only getting 15,000. They expected me to sign a promissory dated back in Nov 2020. I've always thought contracts should be signed before the fact not after. The money will be taken from my share of trust so why the note.

Rebecca S.

Answered May 26, 2021

A promissory note is based on when the loan is made, not necessarily when the note is signed. So if the siblings actually loaned the money, regardless of when the note is signed, then a backdated note is ok. Review by an attorney is advised.

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Loans

Promissory Note

Connecticut

Asked on May 21, 2023

Key terms in promissory notes?

I am a small business owner who recently loaned money to a business associate. The loan was made via a Promissory Note, which I drafted myself. I am now looking to learn more about the key terms and conditions of the note, in order to ensure the safety of my investment. I am hoping to gain a better understanding of the legal implications of the document, and how to protect my interests.

Thomas L.

Answered Jun 30, 2023

1. How much is owed. 2. Interest rate. 3. Repayment schedule. 4. Specific defaults (something specific to the borrower) 5. General defaults - failure to pay, bankruptcy.

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Loans

Purchase And Sale Agreement

California

Asked on Sep 7, 2023

Purchase and sale agreement and default?

I am in the process of purchasing a commercial property from an individual seller. We have already agreed on the terms of the purchase and signed a Purchase and Sale Agreement. Recently, I have been informed that the seller is in default of their loan agreement with their lender, which could potentially put our agreement in jeopardy. I am seeking legal counsel to understand my rights and the potential implications of the default.

Myrna L.

Answered Sep 20, 2023

Potential loan default on the property may or may not impact your Purchase Agreement depending on when you plan to close escrow. First, isn’t the loan being paid off with the sales price? If so, Second, escrow company should have contacted lender requesting pay off amount. Third, lender would stop any pending default action when they know they will be paid off with the sale.

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