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There are basically two reasons for formalizing agreements. First you will need a document to make sure an issue actually exists and secondly you will need a contract to protect yourself from more than just a handshake or verbal agreement to legally guarantee agreements.
| Make sure issue exists when: | Legally guarantee agreements when: |
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My son is paying interest of 27% for approximately $3,500.00 and I offered to pay it off for him if he would sign a promissory note to pay me back with interest of 9%. Is this a good idea or should I let him learn from his mistakes the hard way?
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My boyfriend is moving into a place with a roommate, and I was wondering if it would just have to be through communication, or if we could actually make something up in writing to protect our stuff. (He is bringing all the furniture and TVs etc.).
Can we legally get anything for the roommate to sign that says they will pay us for damages should they happen?
Thanks for any help. I’m in Canada too if that makes any difference.
8 months past the payment still haven’t seen a cent
friend does own home and condo and has assets