Promissory notes, unlike bank loans, are generally made between individual parties, but, like bank loans, can contain payment schedules, due dates, payments accepted, and more.
You might also notice note that this promissory note template is fairly short. That’s not an accident. A promissory note can sometimes be only a few pages long. But it’s still a legally binding contract when signed by both parties.
Going from a promissory note template to your own personalized promissory note is easy on Rocket Lawyer. It takes about five minutes.
Looking for more? Here are a few additional sample documents you might find helpful:
This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.