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The Simple Promissory Note Between Family Members is designed for use in the United Arab Emirates when one family member wishes to formally document a promise to pay money to another family member. This document type is particularly useful in situations involving family loans, gifts with delayed payment, or inheritance planning. It must comply with UAE Federal Law No. 18 of 1993 (Commercial Transactions Law) and consider Sharia principles, while maintaining the more informal nature of family transactions. The document includes essential elements such as the amount promised, payment terms, parties' details, and their family relationship, while incorporating UAE-specific requirements like Arabic language considerations and local authentication procedures where necessary. It's commonly used in family business contexts, estate planning, or when families wish to formalize financial arrangements while maintaining clear documentation for future reference.

1. Header: Title of document as 'Promissory Note', date, and place of issuance (required by UAE law)

2. Parties: Full legal names and addresses of the promisor (person making the promise to pay) and promisee (person to whom payment is promised)

3. Promise to Pay: Unconditional promise to pay a specific sum of money, including the amount in both numbers and words (as required by UAE law)

4. Payment Terms: Due date or payment schedule, method of payment, and currency

5. Place of Payment: Specific location where payment should be made (required by UAE law)

6. Relationship Declaration: Statement describing the family relationship between the parties

7. Governing Law: Statement that the note is governed by UAE law

8. Signatures: Space for signatures of both parties, with date and witness provisions