Client IOU
Client IOU (I Owe You)
This IOU Agreement is made on [DATE], between the following parties:
I. Borrower Information
[YOUR NAME]
[YOUR COMPANY NAME]
Email: [YOUR COMPANY EMAIL]
Address: [YOUR COMPANY ADDRESS]
Phone Number: [YOUR COMPANY NUMBER]
Website: [YOUR COMPANY WEBSITE]
Social Media Page: [YOUR COMPANY SOCIAL MEDIA]
II. Lender Information
Name: [LENDER'S NAME]
Company: [LENDER'S COMPANY NAME]
Email: [LENDER'S EMAIL]
Address: [LENDER'S ADDRESS]
Phone Number: [LENDER'S PHONE NUMBER]
III. Principal Amount
The Borrower agrees to owe the Lender a principal amount of [PRINCIPAL AMOUNT], which will be paid in accordance to the terms set forth below.
IV. Repayment Terms
The total amount owed shall be repaid in full by [DUE DATE]. Details regarding payment increments, if applicable, are as follows: [PAYMENT PLAN DETAILS].
V. Interest
This loan will bear an interest rate of [INTEREST RATE] percent per annum. Interest will be calculated on a [INTEREST CALCULATION METHOD] basis, beginning from the date the loan is issued.
VI. Agreement Conditions
The Borrower promises to pay the full amount by the due date. Failure to repay the loan as agreed will result in [CONSEQUENCES OF NON-PAYMENT].
Both parties agree that this IOU is legally binding and enforceable in a court of law under the jurisdiction of [GOVERNING LAW].
VII. Additional Terms
Any additional terms agreed upon by both parties should be listed here: [ADDITIONAL TERMS].
VIII. Signatures
Each party hereby agrees to the terms outlined in this IOU Agreement:
Borrower's Name:
[YOUR NAME]
Date:[DATE]
Lender's Name:
[VENDOR NAME]
Date:[DATE]
