Example of a Joint Promissory Note

A I will jointly note, also called joint promissory note, is a promissory note that is signed by two or more people and obliges each member to pay the amount guaranteed therein.

This document must contain the data of each of the persons and their respective signatures.

The characteristics of this document are exactly the same as those of a simple promissory note, but in the payment they can There are differences that must be noted on the back of the document and are the way in which each of the parts:

1. That any of the obligated parties can pay the total amount guaranteed with the document.
2. That the amount be divided among the obligated persons in an equitable manner.
3. Indicate specifically what is the amount that each of the obligated parties will pay.

In the event that one of the obligated parties pays the amount assigned to him, it will be recorded on the back of the document for the corresponding legal effects.

If the obligated parties are jointly and severally, each of the obligated parties will be obligated until the payment is fully paid. debt and in the event that it reaches a legal instance, all the obligated parties will be responsible and must respond equally to the debt.

The joint promissory note can be made in a document taken from a promissory note blog, but a special promissory note may be made for these cases, which is done explicitly in which the names of each of the obligated parties, the corresponding amounts and their signatures are added respective.

Example of a joint promissory note:

Click to create a promissory note online.