Promissory Note Kit - With CD-ROM

Promissory Note Kit - With CD-ROM
  • Publisher: InfoAmerica
  • List Price: $19.95
  • Our Price: $15.95

Description

A Promissory Note is just as it sounds - a document (a note) stating that one party promises (promissory) to pay another party back for monies he or she is going to borrow. It is a written promise to pay a certain amount of money over a specified period of time in the future. If the obligation is not put in writing, it may be very difficult to enforce the payment terms later. Also, a promissory note differs from an IOU in that the first one is a promise to pay and the second is simply an acknowledgment of the debt. Protect yourself! Get it in writing!

This kit contains the forms you need to create a complete and detailed, but easy-to-understand, Promissory Note. The note covers the following issues:

  • the loan amount
  • interest rate to be paid
  • length of loan
  • designates what exact date payments begin and end
  • designates what state that laws will govern
  • what the grace period is (if any,) on late payments
  • what the late payment amount is
  • states that the borrower will incur all legal fees if the lender needs to place the borrower for collection on any unpaid amounts
  • states that the note may be prepaid at any time, in whole or in part, without any penalty
  • you may designate if something is being put up as security for the loan (this is an option.)
  • states that the note may become due and payable at any time upon a listing of certain events (which are stated in the document)
  • and much more!

Promissory Note Kit - With CD-ROM
By Mail
Our Price: $15.95
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