Promissory note is a legal document which makes one party responsible to pay back the money received from the other party. It can simply be considered as a contract so there must be due diligence while forming a promissory note to make sure that there is no ambiguity in understanding it. This document is drafted by the promisor, who promises to pay a decided amount of money in future. A promissory note should contain information including amount of money, interest component, and mode of payment and date of payment. One can use Promissory Note Template to ensure record of all necessary information.
We have designed a Promissory Note Template for your kind assistance. You can use this template to enter you and other party in a contract. This template has been designed in MS Word 2007 and can be edited freely. You can change its text, images and give color to it as well. Complexity of promissory note depends on nature of contract. Here is a preview of this Promissory Note Template.
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