Money between family and friends is almost never written down, which is exactly why it damages relationships. Nobody wants to hand a relative a contract, and nobody wants to pay a lawyer to draft one for a $4,000 loan.
LendRight makes the written version take four minutes. A guided questionnaire asks what you would expect — amount, repayment schedule, whether there is interest — and builds an agreement against the law of the borrower’s province as you go. You can watch the document take shape while you answer. Both parties then sign from their phones through secure links, and the result is a sealed, tamper-evident PDF with a signing certificate.
The compliance checks are the part I care most about. It enforces proper interest disclosure under the Interest Act, blocks anything above the 35% APR ceiling, and checks age of majority against the right province. Those are the things a handshake agreement gets wrong without anyone noticing.
Covers the common-law provinces and territories. Quebec runs on civil law and needs its own treatment, so it is not supported yet.
Drafting is free. You only pay the $29 when you send it for signature, and either party can be the one who pays.