Promissory note by individual maker(s)

The following Banking & Finance precedent provides comprehensive and up to date legal information covering:

  • Promissory note by individual maker(s)

Promissory note by individual maker(s)

PROMISSORY NOTE

Principal amount: £[insert amount in figures] ([insert amount in words])

[insert date]

[I, (the ‘Promisor’), OR We, (the ‘Promisors’), jointly, OR We, (the ‘Promisors’), jointly and severally,] promise to pay to [insert name of payee] of [insert address of payee] (the ‘Payee’) [or to the order of the Payee OR or to bearer] [on demand OR [insert number of months] months after date OR [insert number of days] days after sight], at [insert address where the promissory note may be presented for sight or payment that will serve for all of the makers], the sum of £[insert amount in figures] ([insert amount in words]) for value received [by [insert number of instalments] instalments of £[insert amount in figures] ([insert amount in words]) each, payable on [insert dates for payments of instalments] with interest on the balance for the time being

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