Promissory Notes

When lending or borrowing money, reduce your agreement to writing. Banks would never loan their money without a legally binding, written agreement ensuring they get repaid.  Even borrowers should protect themselves by setting forth the repayment terms in an agreement that cannot be changed without their consent.

When lending a portion of your assets, why leave the terms to a cookie-cutter form that was drafted by an unknown writer from the internet?  If there’s a disagreement, the note document itself will govern the terms that the court will enforce. Instead of a leap of faith in an unknown drafter’s ability, talk to an attorney with Long Law Group to ensure that you’re important terms are integrated into an agreement that is clear, concise, and will protect your best interests if there ever is a disagreement.

Our attorneys have drafted promissory notes with varying terms. From balloon payments, adjustable rates, to shared appreciation arrangements, they have experience with various types of agreements. If you have questions or would like to schedule a time to discuss your situation, give the attorneys at call at 720-922-1120 or info@longlg.com.