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1. Parties: Identification of the lender and borrower, including full legal names, addresses, and relationship
2. Background: Brief context of the family loan arrangement and purpose of the vehicle purchase
3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Loan Amount', 'Interest Rate' (if applicable), 'Payment Schedule'
4. Loan Details: Specific details of the loan including principal amount, interest rate (if any), and term of the loan
5. Vehicle Information: Detailed description of the vehicle including make, model, year, VIN, and condition
6. Payment Terms: Schedule of payments, payment methods, and due dates
7. Security Interest: Details of the vehicle serving as collateral for the loan
8. Default Provisions: Consequences of missed payments or default, including any grace periods
9. Vehicle Maintenance and Insurance: Requirements for maintaining and insuring the vehicle during the loan period
10. Termination: Conditions under which the agreement can be terminated and consequences
11. Governing Law: Specification that Belgian law governs the agreement
1. Interest Provisions: Used when the loan includes interest charges - details calculation method and rates
2. Early Repayment: Include when parties want to specify terms for early loan repayment
3. Death or Incapacity: Used to specify what happens to the loan in case of death or incapacity of either party
4. Vehicle Use Restrictions: Include when lender wants to impose specific restrictions on vehicle use
5. Dispute Resolution: Used when parties want to specify a particular method for resolving disputes
6. Transfer of Ownership: Include when there's a possibility of transferring the loan or vehicle to another family member
7. Tax Implications: Used when parties want to address potential tax consequences of the loan arrangement
1. Schedule A - Payment Schedule: Detailed breakdown of payment amounts and due dates
2. Schedule B - Vehicle Documentation: Copies of vehicle registration, insurance certificates, and technical inspection reports
3. Schedule C - Vehicle Condition Report: Detailed description of vehicle condition at time of agreement
4. Appendix 1 - Vehicle Photographs: Dated photographs documenting the vehicle's condition at agreement signing
5. Appendix 2 - Insurance Requirements: Detailed specifications of required insurance coverage
6. Appendix 3 - Maintenance Schedule: Required maintenance schedule and documentation requirements
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