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The Private Loan Agreement is essential for documenting financial arrangements between private parties in Ireland, whether individuals or businesses. It is commonly used when traditional banking options are not preferred or suitable, such as family loans, business investments, or property purchases. The agreement must comply with Irish financial regulations, including the Consumer Credit Act 1995 and relevant Central Bank regulations. This document includes crucial elements such as loan terms, interest calculations, repayment schedules, security provisions, and default remedies. It provides legal protection for both lender and borrower by clearly defining their rights and obligations, while ensuring compliance with Irish usury laws and consumer protection requirements.

1. Parties: Identification and details of the Lender and Borrower

2. Background: Context of the loan agreement and relationship between parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the loan amount and intended use of funds

5. Interest Rate: Interest rate details, calculation method, and compliance with Irish usury laws

6. Repayment Terms: Payment schedule, method of payment, and repayment period

7. Security: Details of any collateral or security provided for the loan

8. Representations and Warranties: Statements of fact by both parties regarding their capacity and authority

9. Borrower's Covenants: Ongoing obligations and commitments of the borrower

10. Events of Default: Circumstances constituting default and consequences

11. Remedies: Lender's rights and remedies in case of default

12. Notices: How formal communications between parties should be made

13. Governing Law: Confirmation of Irish law as governing law and jurisdiction

14. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments