Nevada IOU (I Owe You)

I. Acknowledgment of Debt

The Borrower acknowledges and agrees that they are indebted to the Creditor in the principal amount of the sum indicated, and hereby promises to pay this sum under the terms set forth herein.

II. Terms of Repayment

The Borrower agrees to repay the aforementioned principal sum in full on or before the due date set forth. The specific terms of repayment, including any installment payments, are as follows:

Total Amount Owed: [AMOUNT IN US DOLLARS]
Due Date for Repayment: [DUE DATE (mm/dd/yyyy)]
Agreed Installments: [DETAILS OF ANY INSTALLMENT PAYMENTS]

III. Interest

Interest will accrue on the unpaid balance of the loan at a rate of [INTEREST RATE PERCENTAGE] per annum from the date hereof until paid in full.

IV. Prepayment

Borrower may prepay the principal amount outstanding in whole or in part at any time without penalty.

V. Default and Remedies

If the Borrower fails to make any payment as agreed, the Borrower will be in default of this Agreement. The Creditor, upon such default, may demand immediate payment of all remaining indebtedness.

VI. Entire Agreement

This document represents the entire agreement between the parties and supersedes any previous written or oral agreement. This agreement may be amended only by written agreement signed by both parties.