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Demand Promissory Note

This demand promissory note outlines an agreement where an individual promises to pay a specified amount plus interest to another party. The unpaid balance and interest are due in full upon demand by the creditor. If payment is not made within a set number of days after demand, the note will be turned over to collections and the debtor agrees to be responsible for resulting legal fees.

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Shiv Raj Mathur
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3K views1 page

Demand Promissory Note

This demand promissory note outlines an agreement where an individual promises to pay a specified amount plus interest to another party. The unpaid balance and interest are due in full upon demand by the creditor. If payment is not made within a set number of days after demand, the note will be turned over to collections and the debtor agrees to be responsible for resulting legal fees.

Uploaded by

Shiv Raj Mathur
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
  • Demand Promissory Note: A legal document outlining the terms of a demand promissory note, specifying the debtor, creditor, amount, and repayment terms.

Demand Promissory Note

I, {name}, hereby promise to pay {other name} the amount of {amount}, plus
interest of {number} percent per {day/month/etc.}.

I understand that the entire unpaid balance, including interest, must be paid in full
to the creditor upon demand.

If I do not make the payment within {number} days of the demand, this note will
be turned over to collection. I agree that I will be held responsible for all legal
fees resulting from this action.

Debtor Printed Name Debtor Signature

Date:

Witness Printed Name Witness Signature

Date:

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