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TOP > LEGAL FORMS & DOCUMENTS > PROMISSORY NOTE FORMS Make sure you get paid. Get it in writing with a Promissory Note.
If you have loaned money to a friend, associate or family member, or if you are selling a business or property on payment terms, have the borrower or purchaser sign a Promissory Note in your favor. These fill-in-the-blank templates are easy to use and understand, and are fully editable to fit your needs.
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FREQUENTLY ASKED QUESTIONS
What is a promissory note?
A promissory note is a legal contract containing a promise by the maker of the note to pay a specified sum of money, either with or without interest, to the holder of the note. The obligation may arise from the repayment of a loan or from another form of debt. For instance, if the borrower buys a real estate property from the lender for a percentage of the purchase price, and the lender agrees that the balance may be paid in instalment payments.
The lender will retain the original promissory note until the debt is paid in full, and then return it, marked "PAID" to the borrower.
The foregoing summary is provided for information purposes only and is not to be considered legal or business advice. The information may not be complete, accurate or applicable for any particular situation and should not be relied upon.
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