IOU for Informal Lending
IOU for Informal Lending (I OWE YOU)
Date: September 2, 2050
Borrower’s Details:
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Name: [YOUR NAME]
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Address: [YOUR COMPANY ADDRESS]
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Contact Number: [YOUR COMPANY NUMBER]
Lender’s Details:
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Name: Jamie Smith
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Address: [YOUR COMPANY ADDRESS]
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Contact Number: [YOUR COMPANY NUMBER]
Loan Amount:
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Amount Borrowed: $2,500.00
Repayment Terms:
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Repayment Date: October 2, 2050
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Repayment Method: Full repayment by check or bank transfer
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Additional Terms: [ANY ADDITIONAL TERMS OR CONDITIONS]
Signatures:
[YOUR NAME]
Borrower
Jamie Smith
Lender
Notes:
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This IOU serves as a record of the debt and repayment terms.
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Both parties should retain a copy of this document for their records.
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In case of any disputes, both parties agree to attempt resolution through mutual discussion.
