The International Promissory Note is a crucial financial instrument used in cross-border commercial transactions where formal documentation of debt or payment obligation is required. This document type is particularly relevant when parties need a legally enforceable promise of payment that can be used across jurisdictions while maintaining compliance with UAE law. The note must conform to the UAE Commercial Transactions Law (Federal Law No. 18 of 1993) requirements while incorporating international best practices for negotiable instruments. It typically includes essential elements such as the unconditional promise to pay, specified amount, payment date, maker's details, and payee information. The International Promissory Note can be used in various contexts including trade finance, commercial lending, asset purchases, or as security for other obligations. Its format ensures it can be easily transferred or used as collateral while maintaining its enforceability under UAE law.

1. Title and Date: Clear identification as a Promissory Note and date of issuance

2. Unconditional Promise to Pay: Express unconditional promise to pay a specific sum, including the currency and amount both in figures and words

3. Payee Details: Full legal name and details of the person/entity to whom or to whose order the payment is to be made

4. Payment Terms: Specific date or determinable future time when payment is due, including whether payable on demand

5. Place of Payment: Specific location where the payment is to be made

6. Maker's Details: Full legal name, address, and contact information of the person/entity issuing the note

7. Governing Law Declaration: Clear statement that UAE law governs the promissory note

8. Signature Block: Space for maker's signature, with company stamp if applicable