A Promissory Note that states that a set sum shall be paid with interest of a per annum amount on the unpaid balance and that entire principle and any accrued interest is due paid in full and at any time demanded by the holder. Further, this Promissory Note has terms set out for default in making payment.
It's not required to have a lawyer, but having one can help ensure everything is in order and clear as day. They can help avoid any misunderstandings down the line.
People may need this note for quick loans or personal transactions where trust is key. It helps keep things clear and straightforward, like putting it in writing.
Trusted and secure by over 3 million people of the world’s leading companies