Promissory Note With Notary

Promissory Note With Notary Generator for Singapore

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Key Requirements PROMPT example:

"I need a Promissory Note With Notary for a business loan of SGD 250,000 to be repaid in monthly installments over 36 months, starting from March 2025, with my office building as collateral."

Document background

The Promissory Note With Notary is a crucial financial instrument in Singapore's legal framework, commonly used when parties need a secure and formally authenticated promise of payment. This document combines the basic elements of a promissory note with the additional security of notarization, making it particularly valuable for significant financial transactions. It includes specific details about the payment amount, terms, parties involved, and any security arrangements, while complying with Singapore's Bills of Exchange Act and Notaries Public Act. The notarization process adds an extra layer of authenticity and protection against fraud, making it easier to enforce in legal proceedings.

Suggested Sections

1. Date of Execution: Specific date when the note is made

2. Promise to Pay: Unconditional promise to pay a specific sum

3. Principal Amount: The exact sum promised to be paid

4. Payment Terms: Specific details about when and how payment will be made

5. Maker's Details: Full legal name and address of the person making the promise

6. Payee's Details: Full legal name and address of the person to whom payment is promised

7. Signature Block: Space for signatures of maker and notary

Optional Sections

1. Interest Rate: Terms of interest if applicable - include when the note includes interest payments

2. Security/Collateral: Details of any assets securing the note - include when the note is secured by specific assets

3. Acceleration Clause: Conditions under which full payment becomes immediately due - include when early payment provisions are desired

4. Late Payment Penalties: Consequences of delayed payments - include when specific penalties for late payment are needed

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payment installments if applicable

2. Collateral Description: Detailed description of any security/collateral if applicable

3. Witness Attestation: Additional witness signatures if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking and Finance
Real Estate
Small Business
Private Lending

Relevant Teams

Finance
Legal
Treasury
Credit
Risk Management

Relevant Roles

Chief Financial Officer
Finance Manager
Business Owner
Loan Officer
Corporate Treasurer

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Let's create your Promissory Note With Notary

Authors

Alex Denne

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