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The Personal Loan Between Friends Contract is essential when individuals in the Netherlands wish to formalize a lending arrangement with someone they know personally. This document is particularly important in situations where friends or acquaintances agree to a monetary loan and want to ensure clear terms and legal protection for both parties. The agreement, while maintaining the personal nature of the arrangement, incorporates necessary legal elements required under Dutch law. It includes crucial details such as the loan amount, interest rates (if any), repayment terms, and default provisions. The document should comply with Dutch Civil Code requirements while remaining accessible and understandable for individuals without legal expertise. This type of contract is commonly used for personal loans ranging from small to substantial amounts and can be particularly useful for maintaining clarity in relationships and preventing future misunderstandings.

1. Parties: Identification of the lender and borrower with full legal names, addresses, and contact details

2. Background: Brief context of the relationship between parties and purpose of the loan

3. Definitions: Clear definitions of key terms used in the agreement

4. Loan Amount and Purpose: Specification of the exact amount being lent and its intended use

5. Interest Rate: Agreed interest rate (if any) and calculation method

6. Repayment Terms: Schedule of repayments, including payment amounts, frequency, and duration

7. Method of Payment: Specified payment methods and bank account details for transfers

8. Default Provisions: Consequences of missed payments or breach of agreement terms

9. Early Repayment: Terms and conditions for early loan repayment

10. Representations and Warranties: Basic statements about the parties' capacity to enter into the agreement

11. Governing Law: Specification that Dutch law governs the agreement

12. Signatures: Space for dated signatures of both parties