Use this QuickForm "Promissory Note" to document the terms and conditions on which a Borrower will repay money owed to a Creditor.The debt can be a specific amount of money or the Note can establish a "revolving" line of credit with a fluctuating loan balance. The Note can bear interest or it can be interest-free. The debt can be repaid under an installment plan, in a single lump sum on a certain date, or at any time "on demand" of the Creditor.The Note can be signed by one Borrower, or co-signed by two Borrowers (e.g., husband and wife, two business partners). The Note can be guaranteed by a third party, who will pay if Borrower defaults. The Note can also be secured by Collateral of the Borrower or a Third Party.Note: if you need a Payment Plan under a Software License or System Acquisition Agreement, in which the System Price is paid over time under a separate contract, consider the QuickForms "System Payment Plan Agreement" instead.
The debt can be a specific amount of money or the Note can establish a "revolving" line of credit with a fluctuating loan balance. The Note can bear interest or it can be interest-free. The debt can be repaid under an installment plan, in a single lump sum on a certain date, or at any time "on demand" of the Creditor.
The Note can be signed by one Borrower, or co-signed by two Borrowers (e.g., husband and wife, two business partners). The Note can be guaranteed by a third party, who will pay if Borrower defaults. The Note can also be secured by Collateral of the Borrower or a Third Party.
Note: if you need a Payment Plan under a Software License or System Acquisition Agreement, in which the System Price is paid over time under a separate contract, consider the QuickForms "System Payment Plan Agreement" instead.
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