FREE UK Promissory Note - Demand

When a party lends another party money in the United Kingdom, they can use this free Promissory Note to memorialize the transaction. This document provides for repayment on demand.

Disclaimer:This was not drafted by an attorney & should not be used as a legal document.




PROMISSORY NOTE- DEMAND

For value received, the undersigned [Name], (the Borrower”) hereby acknowledges that he shall be indebted to Mr. [Name of the Lender] and promises to pay, unconditionally to the Lender at [Address of the Lender] on demand by the Lender or as otherwise directed by the Lender in writing, the Principle sum of £ [amount] in advance, both before and after demand, maturity, default and judgment until paid.

The Borrower shall have the right to prepay without penalty. In the event any payment due hereunder is not made when due, the entire unpaid balance shall, at the option of the Lender, become immediately due and payable.

The Lender may assign his rights, title and interest under this Note. All payment required to be made hereunder shall be made by the Borrower without any right of set off or counterclaim.

DATE:

Borrower Lender:



The forms on this site are provided "As-Is." By using these forms you agree that you are using them at your own risk. Most of the free forms are not prepared by an attorney and may need substantial modification. Additional disclaimers can be found in our Terms of Use.