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The best way forward would be to download a loan agreement at http://www.lawdepot.co.uk - it should be free of charge to do this. You can tailor it to your requirements, so you can specify the loan amount and frequency of payments. Once signed by you both it creates a binding contract which you can use if your ex defaults. If you go to the site and type in "loan agreement", it will bring up a template which you can then tailor and download. It has the standard wording required for the loan agreement so you are covered.
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