IOU for Informal Lending (I OWE YOU)

Date: September 2, 2050

Borrower’s Details:

• Name: [YOUR NAME]

• Address: [YOUR COMPANY ADDRESS]

• Contact Number: [YOUR COMPANY NUMBER]

Lender’s Details:

• Name: Jamie Smith

• Address: [YOUR COMPANY ADDRESS]

• Contact Number: [YOUR COMPANY NUMBER]

Loan Amount:

• Amount Borrowed: $2,500.00

Repayment Terms:

• Repayment Date: October 2, 2050

• Repayment Method: Full repayment by check or bank transfer

• Additional Terms: [ANY ADDITIONAL TERMS OR CONDITIONS]

Signatures:

[YOUR NAME]

Borrower

Jamie Smith

Lender

Notes:

• This IOU serves as a record of the debt and repayment terms.

• Both parties should retain a copy of this document for their records.

• In case of any disputes, both parties agree to attempt resolution through mutual discussion.

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