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Best Practices Series

Series 3
  Best Practices in Drafting Techniques of
a Loan Agreement
  by Dr. Vinod Agarwal

October 2002
(29 pages, 205 kb, Adobe Acrobat 4 format)

Table of Contents

  • Introductory Note
  • Best Practices in Drafting Techniques of a Loan Agreement
  • Important steps for drafting Loan Agreement
  • Understanding
  • International Loan Agreement v. Domestic Loan Agreement
  • The Project
  • Lending Institution
  • The Borrower
  • Applicable Law
  • Existing Loan Agreements
  • Existing Loan Agreements with the same Lender
  • Existing Loan Agreements with other Lending Institutions
  • Contents
  • Drafting of Clauses
  • Words and Expressions
  • Precision
  • Visualization
  • Potential Danger Areas
  • Absolute Discretion
  • Absolute Terms
  • Contents
  • Author's Profile

This publication was prepared following a Regional Workshop on 'Drafting Specific Clauses of Loan Agreements for West Africa' organized jointly by the United Nations Institute for Training and Research (UNITAR) and West African Institute for Financial and Economic Management (WAIFEM) and held in Freetown, Sierra Leone from 15 to 19 April, 2002. This is not an exhaustive list of 'Best Practices' but only an illustrative description.


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