This form is a Promissory Note. The form provides that this promissory note is payable upon demand. The agreement also provides that there will be no pre-payment penalty on the note.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Yes, a handwritten promissory note is valid as long as it includes all necessary details and both parties sign it. Just make sure it's neat and easy to read.
There’s no strict format, but it should include the date, the amount, the interest rate (if any), and the signatures of both parties. It's wise to keep it simple and clear.
Yes, you can modify a promissory note, but both parties need to agree to the changes and ideally put the new agreement in writing.
While it's not always necessary to have a lawyer, it's a good idea to get one involved to make sure everything is clear and legal.
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