It's used primarily to avoid
financial misunderstandings and shouldn't be confused with a loan agreement, which contains an assortment of legally enforceable
terms and
remedies.
He has particular experience of the sale of goods and supply of services, contracts of agency (estate agencies, recruitment agencies and
financial consultancies), franchise agreements, seeking and resisting injunctive relief in cases concerning covenants in restraint of trade and misuse of confidential information, contracts of guarantee (enforceability and construction of
terms), civil fraud, bailment and conversion, debt recovery and restitutionary
remedies.