Instructions For Promissory Note

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INSTRUCTIONS FOR PROMISSORY NOTE
Sometimes in your dealings you will find yourself in need of money or in need of purchasing a piece of
equipment. Often, family members or donors will offer to assist in the purchase with the idea that the money can be
paid back at a later time. This can be done without any documents and many do that. I have found that doing these
types of transactions in a business-like manner often frees up all of the parties and answers many questions that may not
be considered at the time of the transaction.
The Promissory Note form provided is simple and straightforward. In some cases doing something as simple
as this helps extended family members should a situation arise where one of the parties is no longer available to
establish what did take place. Again, merely fill out the form making sure that it reflects what in fact took place.
Should a change need to be made on the form, merely draw one line through the correction and have all of the parties
initial the change.

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