A short-term sales contract can protect both parties from future differences of opinion and legally protect businesses. It functions as a bridge between the lender and the borrower and clearly indicates the clauses they must comply with. For another idea and a detailed overview, you can download the following example of a deficit agreement. This agreement mentions all the necessary clauses, the duration of the repayment, the interest rate, the amount of the loan and the guarantee in the contract. In the event of a large mortgage deficit, and in particular for other debts, the borrower should be advised by a specialized money advisory agency. You can assess the borrower`s circumstances and advise when insolvency is an appropriate option. .