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Michael D Moore DDS Simple Promissory Note & Financial Agreement This Simple Promissory Note & Financial Agreement is made between (Your Office Name Here) and, who agrees and promises to pay (Your
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How to fill out a simple promissory note:

01
Begin by writing the date at the top of the promissory note. This is important for record-keeping purposes and will indicate when the agreement was made.
02
Identify the parties involved. Clearly state the full legal names and addresses of both the borrower (the person who owes the debt) and the lender (the person who is owed the debt).
03
Describe the loan. Clearly state the amount of money that is being borrowed and the terms of repayment, including the interest rate and any other applicable fees or penalties.
04
Include the repayment schedule. Specify the due dates and frequency of payments, whether it is in installments or lump sum, and mention any consequences for late or missed payments.
05
Define the collateral (if applicable). If the promissory note is secured by an asset, such as a car or property, provide a detailed description of the collateral and how it will be used in case of default.
06
Provide a space for signatures. Both the borrower and lender should sign and date the promissory note to indicate their agreement to the terms and conditions stated.

Who needs a simple promissory note:

01
Individuals who are lending money to family or friends. A promissory note can help formalize the agreement and protect both parties involved.
02
Business owners who are providing loans to employees or contractors. This can be useful for documenting any advance payments or salary loans.
03
Lenders who are offering loans to customers. A promissory note can be a crucial legal document to ensure repayment and protect the lender's interests.
Remember to consult with a legal professional to ensure that the promissory note follows all necessary legal requirements and accurately reflects the terms of your agreement.
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A simple promissory note is a written agreement to repay a loan or debt under specific terms.
The borrower who is receiving a loan or incurring a debt is required to file a simple promissory note.
To fill out a simple promissory note, include the names of the parties involved, the loan amount, repayment terms, and any applicable interest rates.
The purpose of a simple promissory note is to legally document a loan or debt agreement between a borrower and a lender.
The simple promissory note should include the names of the parties, the loan amount, repayment terms, interest rates, and signatures of both parties.
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