When it comes to lending money, it is important for both parties to come to an agreement in order to ensure clarity and avoid misunderstandings. Here are some key elements to include in an agreement on lending money:

1. The loan amount – This is the amount of money being lent. It should be clearly stated in the agreement.

2. The repayment schedule – This outlines the specific dates when payments are due. It is important to agree on a repayment schedule that works for both the lender and borrower.

3. The interest rate – If interest is charged on the loan, the rate should be clearly stated in the agreement.

4. The consequences of late or missed payments – It is important to outline what will happen if the borrower is unable to make their payments on time. This could include late fees or legal action.

5. Collateral – If the loan is secured by collateral, such as a car or property, this should be clearly stated in the agreement.

6. Signatures – Both the lender and borrower should sign the agreement to signify their acceptance of the terms.

In addition to these key elements, it is always a good idea to include any additional terms or conditions that are specific to the loan. This could include a clause stating that the loan can be paid off early without penalty, for example.

By having an agreement in place, both the lender and borrower can feel confident that they are on the same page and that expectations are clear. It is important to seek legal advice and ensure the agreement follows your jurisdiction`s laws and regulations.