23 Aug 2022
Promissory Notes Explained … Watch This!
This short video provides an overview of promissory notes and the terms that should be included in to make them enforceable and complete.
Related Content
- Promissory Notes (Construction Loan)
Read this practice note providing an overview of the use of promissory notes in a construction loan transaction.
- Promissory Notes (Acquisition Loan)
Review this practice note discussing promissory notes in an acquisition loan. Acquisition loan promissory notes may provide for regularly scheduled payments of interest only or regularly scheduled payments for amortized principal and interest.
- Revolving Promissory Note (Credit Agreement)
Use this template revolving promissory note for a credit agreement in a typical syndicated loan transaction. Promissory notes are not necessary in syndicated loan transactions, but certain lenders prefer physical evidence of their loans as an acknowledgment by the borrower of its obligation to repay that specific lender.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Market Standards—Finance
- Waiver and Consent Requests Video
- Market Trends 2021/22: Asset-Based Lending
- SBA Loans
- The Practical Guidance Journal Summer 2022 Edition
- Share this fundamental guidance, the Summer Associate Resource Kit: Finance, with your firm’s summer associates to help them sharpen their research and writing skills, get the inside scoop on summer associate survival, and hit the ground running.
- Listen Up! The Practical Guidance Podcast features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Check out the new Practical Guidance Author Center! Learn about the 1500+ leading attorney authors contributing to our 21 practice areas, and find out how you can Become a Practical Guidance Author.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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