The International Promissory Note is a vital financial instrument used in cross-border transactions where one party formally promises to pay a specified sum to another party. This document is particularly useful in international trade, corporate lending, and business transactions requiring deferred payment arrangements. When drafting under Nigerian law, the document must comply with the Bills of Exchange Act and Central Bank of Nigeria regulations governing international financial transactions. The International Promissory Note typically includes comprehensive details about payment terms, interest rates, currencies, and enforcement mechanisms, making it suitable for various commercial purposes while ensuring legal validity and enforceability in both Nigerian and international contexts.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Promissory Note Details: Date, place of issuance, and unique identification number of the note
2. Maker Information: Full legal name, address, and contact details of the party making the promise to pay
3. Payee Information: Full legal name, address, and contact details of the party to whom payment is promised
4. Promise to Pay: Unconditional promise to pay a specific sum, including the currency and amount in both figures and words
5. Payment Terms: Due date, place of payment, and whether payable on demand or at a fixed/determinable future time
6. Interest Rate: Applicable interest rate, calculation method, and payment frequency if interest is chargeable
7. Governing Law: Specification of Nigerian law as the governing law and jurisdiction clause
1. Security Arrangements: Details of any collateral or security provided to guarantee the payment
2. Acceleration Clause: Conditions under which the full amount becomes immediately due and payable
3. Default Interest: Additional interest rate applicable in case of default
4. Transfer Rights: Specific conditions or restrictions regarding the transfer or assignment of the note
5. Force Majeure: Provisions for unforeseen circumstances affecting payment obligations
6. Tax Provisions: Provisions regarding responsibility for any applicable taxes or withholdings
1. Payment Schedule: Detailed schedule of installment payments if not a single payment
2. Currency Exchange Provisions: Specific terms regarding exchange rates and currency conversion if payment is in foreign currency
3. Security Details: Detailed description of any security or collateral provided
4. Authorized Signatories: List of authorized signatories and their specimen signatures if multiple parties are involved
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Oil and Gas
Agriculture
Real Estate
Construction
Telecommunications
Mining
Retail and Distribution
Professional Services
Relevant Teams
Legal
Finance
Treasury
International Trade
Compliance
Risk Management
Corporate Finance
Credit Control
Commercial Operations
Company Secretariat
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
International Trade Manager
Financial Controller
Legal Counsel
Compliance Officer
Credit Manager
Risk Manager
Corporate Finance Manager
Trade Finance Manager
Business Development Director
Commercial Director
Company Secretary
Find the exact document you need
Demand Letter For Payment Of Promissory Note
A formal demand letter under Nigerian law requesting payment of an outstanding promissory note, including payment terms and legal consequences of non-payment.
Download
Bill Of Sale And Promissory Note Auto
A Nigerian law-governed document combining vehicle sale agreement and financing terms through a combined Bill of Sale and Promissory Note structure.
Download
Iou Promissory Note
A Nigerian law-governed written promise to pay a specified sum of money, containing payment terms and complying with local legal requirements.
Download
Short Promissory Note
A legally binding document under Nigerian law where one party promises to pay a specified sum of money to another party at a determined time.
Download
Promissory Note For Payment
A legally binding financial instrument under Nigerian law where one party promises to pay a specific sum of money to another party on specified terms.
Download
Promissory Note For Tuition
A legal document under Nigerian law establishing a formal promise to pay educational tuition fees, including payment terms and obligations.
Download
Promissory Note For Rental Agreement
A Nigerian law-governed financial instrument that provides a tenant's legally binding promise to pay specific rental amounts to a landlord, serving as both payment guarantee and negotiable instrument.
Download
Promissory Note For Late Payment
A Nigerian law-compliant financial instrument that acknowledges existing debt and establishes new payment terms for overdue amounts, providing legal enforceability and payment structure.
Download
Promissory Note To Pay Rent
A Nigerian legal document establishing a tenant's formal promise to pay rent, combining promissory note requirements with rental agreement principles.
Download
Auto Promissory Note
A Nigerian law-governed financial instrument combining a promissory note with vehicle security provisions, used for automotive financing transactions.
Download
Guarantor Promissory Note
A Nigerian law-governed financial instrument combining a promissory note with a guarantee agreement, establishing debt payment obligations with guarantor backing.
Download
Promissory Note For Services Rendered
A Nigerian law-governed financial instrument documenting a promise to pay for services already rendered, including payment terms and service acknowledgment.
Download
Promissory Letter For Work
A legally binding document under Nigerian law that commits one party to pay another for specified work or services to be performed.
Download
Cash Promissory Note
A Nigerian law-governed financial instrument containing an unconditional promise to pay a specified sum of money, either on demand or at a specified future date.
Download
International Promissory Note
A Nigerian law-governed promissory note for international transactions, containing an unconditional promise to pay a specified sum with defined payment terms.
Download
Simple Promissory Note For Personal Loan
A Nigerian law-governed promissory note documenting a personal loan agreement, including loan amount, payment terms, and parties' obligations.
Download
Trust Deed And Note
A Nigerian law-governed document establishing a trust structure combined with note issuance terms, defining rights and obligations of trustees, beneficiaries, and noteholders.
Download
Promissory Note With Notary
A legally binding, notarized financial instrument under Nigerian law containing an unconditional promise to pay a specified sum of money to a named recipient.
Download
Promissory Note For Tuition Fee With Partial Payment
A Nigerian law-compliant promissory note documenting a student's commitment to pay remaining tuition fees through structured installments after initial partial payment.
Download
Promise Promissory Note For Hospital Bill
A legally binding promissory note under Nigerian law that documents a patient's formal promise to pay for medical services received from a healthcare facility.
Download
Note Trust Deed
A Nigerian law-governed document establishing the terms of notes issuance and appointing a trustee to protect noteholders' interests.
Download
Hospital Bill Promissory Note
A Nigerian legal document establishing a patient's formal promise to pay outstanding medical bills to a healthcare provider, compliant with local financial and healthcare regulations.
Download
Bank Promissory Note
A Nigerian law-governed financial instrument where a bank promises to pay a specified sum to a designated party, subject to Central Bank of Nigeria regulations.
Download
Promissory Note With Personal Guarantee
A Nigerian law-governed financial instrument combining a promise to pay a specified sum with a personal guarantee, providing dual recourse for creditors.
Download
Promissory Note With Collateral
A Nigerian law-governed financial instrument combining a promise to pay with collateral security, providing a secured lending framework under Nigerian financial regulations.
Download
Promissory Note Mortgage
A Nigerian law-governed security instrument combining a promissory note with a mortgage over real property, requiring land registry registration and Governor's consent.
Download
Promissory Note Installment Payments
A Nigerian law-governed financial instrument documenting a promise to pay a specified sum through scheduled installment payments.
Download
Payable On Demand Promissory Note
A Nigerian law-governed financial instrument containing an unconditional promise to pay a specified sum on demand to a named payee.
Download
Loan Note Agreement
A Nigerian law-governed agreement documenting loan terms and conditions between lender and borrower, including repayment and security provisions.
Download
Lender Promissory Note
A Nigerian law-governed financial instrument documenting a borrower's unconditional promise to repay a specified sum to a lender under defined terms.
Download
Promissory Note For Business Purchase
A Nigerian law-governed promissory note documenting a buyer's formal promise to pay for a business purchase, including payment terms and security arrangements.
Download
Joint And Several Promissory Note
A Nigerian law-governed financial instrument where multiple parties jointly and individually promise to repay a specified sum to a payee, with each party being liable for the full amount.
Download
Unsecured Demand Promissory Note
A Nigerian law-governed financial instrument containing an unconditional promise to pay a specified sum on demand, without security backing.
Download
Letter Of Promissory Note For Tuition Fee
A Nigerian law-governed promissory note establishing a legally binding commitment to pay specified educational tuition fees to an institution.
Download
Short Term Unsecured Promissory Note
A Nigerian law-governed financial instrument containing an unconditional promise to pay a specified sum without collateral, typically used for short-term financing needs.
Download
Promissory Note Secured By Real Property
A Nigerian law-governed instrument combining a promissory note with real property security, establishing debt repayment terms and property collateral arrangements.
Download
Promissory Note For Land Purchase
A Nigerian legal document combining a formal promise to pay for land purchase with essential property transaction elements under Nigerian law.
Download
Compound Interest Promissory Note
A Nigerian law-governed promissory note documenting repayment of funds with compound interest, including payment terms and enforcement mechanisms.
Download
90 Day Promissory Note
A Nigerian law-governed financial instrument containing an unconditional promise to pay a specified sum within 90 days.
Download
Pledge Note
A Nigerian law-governed security document creating and evidencing a pledge of assets as security for obligations, commonly used in banking and commercial transactions.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)