Make Your Document In 3 Easy Steps:
What is a Promissory Note?
When should I use a Promissory Note?
- you want to create a legally enforceable contract for repayment of a sum of money (ie a debt) between yourself (ie a creditor) and another party (ie a debtor)
- you know who owes the money (eg a private individual or a business)
- the loan amount and the amount to be repaid is certain and the time scale for repayment has a fixed start and end date