New Hampshire IOU
New Hampshire IOU (I Owe You)
I. Introduction
This IOU Agreement ("Agreement") is made as of [DATE], by and between [YOUR NAME], hereinafter referred to as the "Borrower," with contact details as follows:
Company Name: [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: [LENDER NAME]
II. Principal Amount
The Borrower hereby unconditionally promises to pay the Lender the principal sum of [PRINCIPAL AMOUNT] U.S. Dollars ($[AMOUNT IN NUMBERS]).
III. Payment Terms
This debt shall be due and payable on [DUE DATE] unless otherwise agreed upon by both Parties in writing. The method by which the payment shall be made will be as follows: [PAYMENT METHOD DETAILS].
IV. Interest
The following interest rate will apply to the unpaid balance of the loan: [INTEREST RATE]%. Interest will be calculated on a [COMPOUNDING PERIOD] basis starting from [DATE OF FIRST PAYMENT].
V. Default and Remedies
In the event of a default, where the Borrower fails to pay the principal amount or interest by the due date, the Lender has the right to demand immediate payment of the entire remaining unpaid balance and any accrued interest. The Lender may also pursue other legal remedies available under New Hampshire law.
VI. Severability
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions will continue to be valid and enforceable.
VII. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of New Hampshire.
VIII. Amendment
This Agreement may only be amended or modified by a written agreement signed by both Parties.
IX. Signatures
Both Parties acknowledge and agree to the terms outlined hereunder by their signatures:
Borrower's Signature
Date: [DATE]
Lender Signature
Date: [DATE]
