Australia IOU
I. Borrower's Details
Name: [YOUR NAME]
Company: [YOUR COMPANY NAME]
Email: [YOUR COMPANY EMAIL]
Address: [YOUR COMPANY ADDRESS]
Phone Number: [YOUR COMPANY NUMBER]
Website: [YOUR COMPANY WEBSITE]
Social Media: [YOUR COMPANY SOCIAL MEDIA]
II. Lender's Details
Name: [LENDER'S NAME]
Company: [LENDER'S COMPANY NAME]
Email: [LENDER'S COMPANY EMAIL]
Address: [LENDER'S COMPANY ADDRESS]
Phone Number: [LENDER'S COMPANY NUMBER]
Website: [LENDER'S COMPANY WEBSITE]
Social Media: [LENDER'S COMPANY SOCIAL MEDIA]
III. Principal Amount
The Borrower acknowledges a debt of [AMOUNT] to the Lender, which constitutes the principal amount of this obligation.
IV. Repayment Terms
The total amount is due and payable by the Borrower to the Lender on or before [DUE DATE]. The preferred method of payment is [PAYMENT METHOD]. Any modifications to this agreement must be made in writing and signed by both parties.
V. Interest
Interest on this debt will accrue at an annual rate of [INTEREST RATE], calculated and compounded monthly. The accumulated interest will be due along with the principal amount on the specified repayment date.
VI. Security
The Borrower hereby provides [Collateral Details] as security for the repayment of the loan.
VII. Governing Law
This IOU agreement shall be governed by and construed in accordance with the laws of Australia.
VIII. Signatures
This IOU is a legally binding agreement between the Borrower and the Lender intended to encourage prompt and full repayment in accordance with the terms outlined above. In witness whereof, the parties hereto have executed this IOU:
[Your Lender]
[Date]
[Borrower's Name]
[Date]
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