Q: Is there a simple 1-2 page agreement for a cash transfer between two parties? Something that would hold up in court.
Typical Attorney Answer: It depends. It depends on the amount of money involved. It depends on what terms you want re: security, repayment, interest. It depends on how much you trust the other person- the more you trust, the longer the agreement should be. You can find simple promissory notes online, and these are usually a page, but if you have more complex terms that you want to impose, such as a payment program, security for the loan, etc. you will need a custom agreement prepared to protect your interests. So if you are "transferring" cash of $500.00 you don't need much but if it is $200,000.00 then you need a lot. This website is full of questions from people who thought they could be Bank of America and loan their trusted "friends" large sums of money (I think the last one was $170,000.00) only to find out that when money is involved, the friendship quickly disappears, and so does the money. You can have a simple agreement dated and signed by the parties that will hold up in court, but the question is not what do you need to get that piece of paper called a Judgment, the question is what do you need to ensure you get your money back?
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A: That depends … upon what is the "consideration" supporting the "cash transfer" … along with the underlying agreement between the parties... so, more information is needed … and/or request an initial free consultation by video call or telephone call with the attorney of your choice.
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