What Is The Importance Of A Promissory Note?

A promissory note is an agreement between two parties to perform an action or to do something. The promissor signs the note and promises to pay for or compensate the one who is being promised for certain performance. A note signed by both is known as a promissory note. A promissory note is a type of negotiable instrument issued by a borrower promising to pay a specified amount of money at some future date. You can find a free promissory note template in Louisiana online at any of the websites where legal forms and templates are available at no cost.