A simple Promissory Note evidencing a promise or other obligation to pay a sum of money, designed for use when U.S. law applies.
The document contains 7 main sections covering
- promise to pay
- repayment of principal and interest
- right to prepay
- event of default
- choice of law; dispute resolution
- a general clause detailing waivers, usury laws, and security (as applicable)
You need this document if you want a written record of a promise to pay a sum of money. It is designed for use under U.S. law.
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