Promissory Note (US110)

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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
  • interest
  • 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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