Editable IOU Outline (I OWE YOU)

This IOU document serves as a formal acknowledgment of the debt incurred for services rendered by the lender to the borrower. The borrower agrees to repay the amount specified under the terms outlined below.

I. Parties Involved

A. Lender:
a.1 Name: Cassandra Meyers
a.2 Address: 4 Lauren Drive, Madison WI 53703
a.3 Contact Information: 222 999 7777

B. Borrower:
b.1 Name: [YOUR NAME]
b.2 Address: 520 Farland Street, Chicago IL 60628
b.3 Contact Information: 222 555 7777

II. Description of Services Rendered

A. Service Provided:
a.1 Detailed Description: Web design and development for company website
a.2 Date of Service: August 15, 2024

III. Amount Owed

A. Total Amount Due: $1,200.00
(This amount is the agreed-upon payment for the services rendered.)

IV. Repayment Terms

A. Due Date:
a.1 The full amount must be paid by: September 15, 2024

B. Method of Payment:
b.1 The borrower agrees to make the payment via:

• Cash

• Check

• Bank Transfer

• Other (Specify): Credit Card

C. Late Payment Penalties:
c.1 A late fee of $50.00 will be added for each day payment is delayed beyond the due date.

V. Date of Agreement

a.1 Date: August 25, 2050

VI. Signatures

a.1 By signing below, both parties agree to the terms outlined in this IOU.

Cassandra Meyers

Lender

August 25, 2050

[YOUR NAME]

Borrower

August 25, 2050

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