¶¶Òõ¶ÌÊÓƵ

The Standard Promissory Note is a fundamental financial instrument in Danish business and legal practice, commonly used to document and formalize debt obligations between parties. This document type is governed by Danish law, particularly the Danish Promissory Notes Act (Gældsbrevsloven), and is used in various contexts from simple personal loans to complex business transactions. The Standard Promissory Note contains essential information including the principal amount, interest rate, payment terms, and parties' details, creating a legally binding obligation that can be enforced in Danish courts. It serves as both evidence of debt and a negotiable instrument, making it a versatile tool in financial transactions. The document is particularly useful when parties need a straightforward, legally compliant way to document a loan or debt obligation under Danish law.

1. Parties: Identification of the Lender (Creditor) and Borrower (Debtor) with full legal names, addresses, and any registration numbers

2. Promise to Pay: Clear and unconditional promise by the Borrower to pay a specific sum to the Lender

3. Principal Amount: The exact amount being borrowed, stated in numbers and words

4. Interest Rate: Specification of the applicable interest rate, calculation method, and payment frequency

5. Payment Terms: Details of when and how payments must be made, including payment schedule and method

6. Date and Place of Payment: Specification of payment due date(s) and location/method of payment

7. Event of Default: Definition of what constitutes a default and its consequences

8. Governing Law: Statement that the note is governed by Danish law

9. Signatures: Space for dated signatures of all parties