Promissory Notes | |
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A Promissory Note is a written contract between Lender and Borrower that sets forth the terms and conditions upon which money is being borrowed and will be paid back. Promissory Notes are also commonly used in sales transactions where the Buyer does not pay the balance in full at the time of the purchase. If a Borrower defaults on the terms of a Promissory Note, the Lender can take legal action. TotalLegal makes it easy to create a Promissory Note customized to meet your needs.
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