Non-Negotiable Short Form Promissory Note | Practical Law
A short form promissory note, to be used when there is no separate loan agreement and the parties do not intend the note to be a negotiable instrument. This form of promissory note includes all the terms of the loan, including payment terms, interest rate, payment mechanics, events of default, remedies, and dispute resolution provisions. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.