New Jersey IOU (I Owe You)

I. The Parties

Borrower Information
Name: [YOUR NAME]
Company Name: [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]

Lender Information
Name: [LENDER NAME]
Company Name: [LENDER COMPANY NAME]
Email: [LENDER EMAIL]
Address: [LENDER ADDRESS]
Phone Number: [LENDER PHONE NUMBER]

II. Principal Amount

The principal amount of the debt hereby acknowledged by the Borrower to the Lender is [PRINCIPAL AMOUNT] dollars ($).

III. Interest

No interest shall accrue on the principal amount except in the event of default, in which case interest shall accrue at an annual rate of [INTEREST RATE]%.

IV. Repayment Terms

Repayment of the principal amount shall be due and payable on or before [DUE DATE]. Payments shall be made in the manner directed by the Lender.

V. Prepayment

The Borrower may prepay this IOU in whole or in part at any time without penalty.

VI. Default

In the event of default, which occurs if the Borrower fails to pay the debt by the due date, the entire balance shall become immediately due and payable upon demand of the Lender.

VII. Governing Law

This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of New Jersey, United States.

VIII. Amendment

This Agreement may only be amended or modified by a written agreement signed by both parties.

IX. Signatures

Both parties agree to the terms of this IOU and shall sign below to bind themselves to this agreement on the dates indicated.

Borrower's Signature

Date: [DATE]

Lender Signature

Date: [DATE]

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