Promissory Note Demand Alternate

This sample letter, the Promissory Note Demand Alternate, serves as a variation of the first demand note.  Either sample notes could be and should be 

each and every time you want establish a new customer and a new account. 

Putting this "promise" to pay in writing is the only way to be legally bound to the debt! 

Use this template letter to put all the details of the agreed upon payment in a written agreement that is signed by all parties involved. 

This template needs only a few small alterations to ensure it fits the needs of you and the needs of your business cohorts.

******************************


PROMISSORY NOTE

[Demand]

  

     FOR VALUE RECEIVED, the undersigned jointly and severally

promise to pay to the order of _, the sum of _ [$_] Dollars,

together with interest of _% per annum on the unpaid

balance.  The entire unpaid principal and any accrued interest

shall be immediately payable UPON DEMAND of any holder of this

note.

     Upon default in making payment within _ days of demand,

the undersigned agree to pay all reasonable legal fees and

costs of collection to the extent permitted by state law. This

note shall take effect as a sealed instrument and be enforced

in accordance with the laws of the payee's state.

 

 

Dated: ____________

 

_______________________________

 

Related Pages
Promissory Note
Promissory Note Demand
Promissory Note Installment

Other Pages You Might Like
Promissory Note Long Form
promissory Note Installment Short Form
Promissory Note Installment with Acceleration Clause

Exit Promissory Note Demand Alternate - See More Sample Business Letters