DIY Legal Forms

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Joint And Several Promissory Note

$ ---------- [date]

[city], [state]

[Number] days after date, we jointly and severally promise to pay to [name], or order, the sum of ---------- dollars ($---). Value received.

Representations. Each party acknowledges that this agreement has been entered into of his or her volition with full knowledge and information including tax consequences. In some instances, it represented a compromise of disputed issues. Each believes the terms and conditions to be fair and reasonable under the circumstances. No coercion or undue influence has been used by or against either party in making this agreement. Each party acknowledges that no representations of any kind have been made to him or her as an inducement to enter into this Joint And Several Promissory Note other than the representations set forth herein.

Modifications. A modification or waiver of any of the provisions of this Joint And Several Promissory Note shall be effective only if made in writing and executed with the same formality as this Joint And Several Promissory Note. Failure of either party to insist upon strict performance of any of the provisions of this Joint And Several Promissory Note shall not be construed as a waiver of any subsequent default of the same or similar nature.

No Harassment. Both parties agree not to molest, harass, interfere with, or impose any restraint upon the other, except as set out in this Joint And Several Promissory Note.

Notices. Any notice to be given or to be served upon any party hereto must be in writing and may be given by certified or registered mail, but shall be deemed to have been given and received when a certified or registered letter containing such notice, properly addressed with postage prepaid, is deposited with the United States Postal Service. If notice is given in some manner other than by certified or registered mail, it shall be deemed to have been given when delivered to and received by the party to whom it is addressed, Such notices shall be given to the parties hereto at the following addresses:

If to the [Name]:
[name]
[street address]
[city, state, zip]

If to the [Name]:
[name]
[street address]
[city, state, zip]

All such notices and communications shall be deemed to have been duly given when delivered by hand, if personally delivered; three (3) business days after deposit in any United States Post Office, postage prepaid, if mailed; when answered back, if faxed; and when receipt is acknowledge. Any party hereto may change its address for purposes of this paragraph by written notice given in the manner provided above.

Binding. This Joint And Several Promissory Note shall be binding both of the parties hereto.

[signature]

Maker

[signature]

Maker