Repayment Terms: Specify the repayment terms, including the repayment schedule, the frequency of payments (e.g., monthly, quarterly),

and the due dates for each payment. Additionally, include the total number of payments required to repay the loan in full.

Interest Rate: State the agreed-upon interest rate for the loan, if applicable. Include details on how the interest will be calculated and whether it is a fixed or variable rate.

Late Payment & Default Clause: Include provisions that address the consequences of late payments or default.

Collateral: If the loan is secured by collateral, provide details about the collateral being pledged, such as property,

Governing Law: Specify the governing law that will be used to interpret and enforce the promissory note.

Avoid using complex legal jargon that may confuse or mislead the borrower. Instead, use clear and straightforward language that can be easily

Structure the promissory note in a logical and organized manner. Use headings, subheadings, and bullet points to break down