▲ 1 r/legaladvice
Location: Florida
Was curious to see if anyone had insight on using a promissory note for private lending. Are there specific things other than the basics of loan generation that need to be included? How well would one hold up in court if borrower was to default? I understand it’s basically an IOU contract but are there things I can include to make it more valid?
u/ASGroup_ — 11 days ago