Promissory Note

PROMISSORY NOTE

Date: [Date]

FOR VALUE RECEIVED, I, [Your Name], promise to pay [Recipient's Name] the sum of [Amount] dollars ($[Amount]) under the following terms:

  1. Payment Date: The full amount will be paid by [Due Date].

  2. Interest Rate: This note will incur an interest rate of [Interest Rate]% per annum.

  3. Payment Method: Payments will be made at [Recipient's Address] or another location as agreed upon.

In the event of default, I agree to pay all reasonable costs and expenses incurred by [Recipient's Name] in the collection of this note.

Signed:

[Your Name]