Freelancer IOU
Freelancer IOU (I Owe You)
I. Parties
Borrower/Creator Name: [YOUR NAME]
Company Name: [YOUR COMPANY NAME]
Contact Information:
Phone: [YOUR COMPANY NUMBER] | Email: [YOUR COMPANY EMAIL]
Address: [YOUR COMPANY ADDRESS]
Website: [YOUR COMPANY WEBSITE]
Social Media: [YOUR COMPANY SOCIAL MEDIA]
Lender Name: [LENDER NAME]
Contact Information:
Phone: [LENDER PHONE NUMBER] | Email: [LENDER EMAIL]
Address: [LENDER ADDRESS]
II. Acknowledgment of Debt
I, [YOUR NAME], the undersigned, hereby acknowledge and confirm that as of the date below, I owe the sum mentioned to [LENDER NAME] (the "Lender"), which amount has been loaned to me or my company, [YOUR COMPANY NAME], and for which I am fully responsible for repayment.
III. Amount
The total amount owed under this IOU is [AMOUNT] ([AMOUNT IN WORDS]).
IV. Repayment
The entire outstanding amount shall be payable on or before [REPAYMENT DATE]. Payment will be made in full via [PAYMENT METHOD]. Early repayment is permitted without penalties.
V. Default
In event of default, when [YOUR NAME] fails to make any scheduled repayment on or before the due date, additional charges or interest might apply as agreed upon by both parties in subsequent communications.
VI. Amendments
This IOU may only be amended or modified by a written agreement duly signed by both [YOUR NAME] and [LENDER NAME].
VII. Governing Law
This IOU shall be governed by and construed in accordance with the laws of [GOVERNING STATE/COUNTRY].
VIII. Signatures
This document, executed as an IOU, acts as a binding agreement between the Borrower and the Lender the moment both parties affix their signatures below.
Borrower's Name:
[YOUR NAME]
Date:[DATE]
Lender's Name:
[VENDOR NAME]
Date:[DATE]
