Customer (I Owe You)

This IOU Agreement ("Agreement") is made as of [DATE], by and between the following parties:

I. Parties

Borrower/Issuer:

• Name: [YOUR NAME]

• Company: [YOUR COMPANY NAME]

• Email: [YOUR COMPANY EMAIL]

• Address: [YOUR COMPANY ADDRESS]

• Phone Number: [YOUR COMPANY NUMBER]

• Website: [YOUR COMPANY WEBSITE]

• Social Media: [YOUR COMPANY SOCIAL MEDIA]

Lender:

• Name: [LENDER NAME]

• Contact Information: [LENDER CONTACT INFO]

II. Promise to Pay

For value received, [YOUR NAME], herein referred to as the Borrower, promises to pay to [LENDER NAME], the Lender, the principal sum of [AMOUNT], in [CURRENCY], by [PAYBACK DATE].

III. Payment Terms

The Borrower agrees that the borrowed amount will be repaid in accordance with the following schedule:

• Initial payment of [INITIAL PAYMENT AMOUNT] due on [INITIAL PAYMENT DUE DATE]

• Subsequent payments in the amount of [SUBSEQUENT PAYMENT AMOUNT] each, due monthly on the [DAY] of each month

IV. No Interest

This loan shall be made without interest; the total amount to be repaid will be [AMOUNT].

V. Prepayment

Borrower may prepay this loan in whole or in part at any time without penalty.

VI. Default

Failure to make a payment within [NUMBER OF DAYS] days of the due date shall constitute a default under this Agreement.

VII. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the state/province of [YOUR STATE/PROVINCE], without regard to its conflict of law principles.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the aforementioned date.

Borrower:

Lender:

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