Free Promisory Note

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Writing well, just like speaking well is a valuable communication skill especially when it comes to business matters.

Business letters tend to be more formal and are often sent to people we don’t know.

They need to convey the right tone - whether it be authority, disagreement, satisfaction or gratitude.

Whenever you write to a prospect, customer, supplier or an employee, it's vital to present a professional document so you can make the right impression.

To get you started, we've prepared a list of standard business letter templates. You can use them freely for your own use with our compliments.

You are not permitted to reproduce these letters on any medium for public display or re-sale.

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Promissory Note
(Installment Note Short Form)

FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of , the sum of ($___.00 together with interest thereon at the rate of %(_)per annum on any unpaid balance.

Said sum, inclusive of interest, shall be paid in (monthly/weekly) installments of $___ each, with a first payment due,(date) 20 , and a like amount on the same day of each (month/week) thereafter until the full amount of this note and accrued interest shall be fully paid.

All payments shall be first applied to accrued interest the balance to principal. The undersigned reserves the right to prepay this note in whole or in part without penalty.

This note shall be fully payable upon demand of any holder in the event the undersigned shall default in making any payments due under this note within days of its due date.

In the event of any default, the undersigned agree to pay all reasonable solicitor fees and costs of collection to the extent permitted by law. This note shall take effect as a sealed instrument and be enforced in accordance with the laws of the payee's state.

Dated: ____________________.

___________________________
Undersigned

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