Term sheets from lenders read like a summary of the interest rate. The facility agreement that follows is where the actual obligations live — financial covenants tested quarterly, restrictions on distributions, change of control provisions, cross-default clauses reaching into agreements you signed years ago.
Most borrowers sign because the funding is needed and the documents arrived late. Nobody models whether the covenants can actually be met if a single quarter goes badly.
The first anyone hears about a breach is a letter from the lender, and by then the leverage has moved entirely to one side of the table.
Facility and Loan Agreement Documentation
Drafting, review and negotiation of facility and loan agreements — the drawdown mechanics, interest and fees, conditions precedent, representations, financial and general covenants, events of default and their consequences, together with the security package supporting the facility.
Your Vision, Backed by the Right Legal Support
You build the business. We help you protect it.
Imagine knowing exactly which covenants your business is tested against, when they are tested, and how much headroom you have. Restrictions negotiated to fit how you actually operate. A facility that funds the business rather than constraining it in ways nobody anticipated.
Who this service is for
This Is For You If…
Companies borrowing from banks or financial institutions
Businesses granting or taking intercompany and shareholder loans
Groups refinancing or restructuring existing facilities
Parties providing corporate or personal guarantees
Borrowers who have been offered terms and want them assessed before accepting
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What we will do for you
This is what we will do for you
<ul><li>Review the term sheet and flag what the facility agreement will actually require</li><li>Negotiate covenants, restrictions and default provisions against how your business operates</li><li>Draft or review the facility agreement and the security documents supporting it</li><li>Manage the conditions precedent to first drawdown</li><li>Advise on stamping, registration of charges and the discharge position on repayment</li></ul>
What’s Included
What’s Included in our service for you
Term sheet review with the real obligations identified
Covenant and restriction negotiation against your operating reality
Facility agreement and security documentation drafted or reviewed
Conditions precedent managed through to drawdown
Advice on stamping, charge registration and discharge
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Why Choose Legal That Works?
Why Choose Us To Assist You?
Digital-first
No office visit required—review and sign online
Transparent fees
Fixed price, no billing surprises
Deep experience
Various contracts across industries
Accessible
Our client portal keeps you informed
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We've Helped
You Need To Act Now
Important: Limited Slots
Covenants are negotiable before acceptance and very rarely afterwards. Once drawn down, a variation is a request rather than a negotiation.
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Nothing to Lose. Everything to Protect.
No Surprises. No Guesswork. Just Legal That Works.
Before anything starts, we speak with you to understand your business and make sure the service is the right fit. If it is not, we will say so upfront. No pressure. No wasted time. We only take on matters we are confident we can deliver with quality. That is why business owners trust us to get it right.
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Frequently Asked Questions
What is Legal That Works?
Legal That Works is a digital-first legal service designed by ASCO LAW (Messrs Akmal Saufi & Co) specifically for business owners and founders. We help you structure, grow, and protect your business through practical legal solutions—delivered fast, in plain English & Bahasa Malaysia, and with no office visit required.
What if I’m not sure what legal service I need?
No problem. Most business owners aren’t legal experts! Just reach out. Our team will guide you to the right service or help you understand your options—without jargon or upselling.
Can we negotiate a bank's standard facility agreement?
More than most borrowers assume, particularly on covenant levels, cure rights and the reach of cross-default clauses. It is worth trying.
What security will be required?
It depends on the facility and the lender, but commonly a debenture, charges over property, assignments of receivables, and guarantees. We document all of these.
What happens if we breach a covenant?
That depends entirely on how the events of default and cure provisions are drafted, which is why they deserve attention before signature.
Do intercompany loans need formal documentation?
Yes. Undocumented intercompany lending creates tax, accounting and enforceability problems, and is one of the first things a buyer's diligence will find.
Can you act for the lender?
Yes, we act on both sides of financing transactions, though never on the same one.
Are your services affordable?
Our transparent fee structure means no billing surprises. Membership unlocks the best rates, but even one-off services are designed to be clear and competitive. You’ll always know what you pay.
Who will be helping me?
All our services are delivered by our licensed lawyers under the Malaysian Bar with proven experience across industries. You’ll work with a real legal team, not chatbots or generic customer support.
Is everything done online?
Yes. Our service is fully digital. You can consult, review documents, sign agreements, and access your files securely from anywhere. No office visit required unless you want to meet in person. No office visit is required. If you require us to attend at your office or outside meetings, additional charges will apply.
What’s the difference between One-Off Service and Membership?
(1) One-Off Service: Pay for what you need, when you need it. Perfect for single transactions or urgent matters (2) Membership: Subscribe for ongoing access, priority support, and special pricing. Membership means you get a legal partner who truly understands your business.
