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hi im jesse david eisenberg with the jde law firm im a business litigation attorney which means that my business is to protect your business today i want to talk about not doing any contract where youre loaning money to family and friends without actually doing a written contract so i talk about this topic probably all the time the reason is people tend to get screwed by friends and family and what they do it always goes the same way its always hey can you loan me this amount of money im gonna pay back in six weeks six months two months and inevitably they dont and then my clients say to me well he was my best friend it was my brother ive known him for 30 years people get crazy when it comes to money and it causes rifts and friendships and families and it should never be done without a contract for example i had a client just recently loaned an asset two years ago theyre promised to be paid back plus interest in six four months then four months come they ask for another three m
