Contingent Promissory Note for Germany

Contingent Promissory Note Template for Germany

A legally binding financial instrument governed by German law that combines the characteristics of a promissory note (Schuldschein) with specific contingency conditions. The document represents a written promise to pay a specified sum of money, but the payment obligation only becomes effective upon the occurrence or fulfillment of predetermined conditions. The instrument is structured in accordance with the German Civil Code (BGB), particularly §§ 780-782, and must comply with German commercial law requirements. It serves as a sophisticated financial tool for transactions where payment obligations are dependent on specific triggers or conditions.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Contingent Promissory Note

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Contingent Promissory Note?

The Contingent Promissory Note is a specialized financial instrument used in German business and commercial transactions where parties wish to create a binding payment obligation that is triggered by specific conditions or events. This document type is particularly useful in complex commercial arrangements, project financing, or business transactions where payment obligations need to be aligned with certain milestones, performance metrics, or external events. The instrument combines the formal requirements of a promissory note under German law with clearly defined contingencies, making it suitable for scenarios where parties need a legally enforceable commitment that depends on verifiable conditions. It provides security to the holder while offering flexibility to the issuer by linking payment obligations to specific triggers. The document must comply with German Civil Code requirements and commercial law principles, particularly regarding form and content of promissory notes and conditional obligations.

What sections should be included in a Contingent Promissory Note?

1. Identification of Parties: Full legal names and addresses of the issuer (promisor) and the initial holder (promisee) of the note

2. Amount and Currency: The specific sum of money promised to be paid, stated both in numbers and words, with currency clearly specified

3. Payment Terms: Details of when and how payment will be made, including payment date or trigger events

4. Contingency Conditions: Clear and specific description of the conditions that must be met for the payment obligation to become effective

5. Place of Payment: Specific location or method where/how payment will be made

6. Date and Place of Issuance: Date when and place where the note is issued

7. Transferability: Statement regarding whether and how the note may be transferred or assigned to other parties

What sections are optional to include in a Contingent Promissory Note?

1. Interest Provisions: Include when the note bears interest, specifying rate and calculation method

2. Default Provisions: Include when specific consequences of default need to be outlined

3. Security: Include when the note is secured by collateral or guarantees

4. Prepayment Terms: Include when early payment is permitted or restricted

5. Tax Provisions: Include when specific tax implications need to be addressed

6. Governing Law and Jurisdiction: While German law applies, include when specific jurisdiction needs to be specified

What schedules should be included in a Contingent Promissory Note?

1. Schedule A - Calculation Method: Detailed methodology for calculating the payment amount if complex or variable

2. Schedule B - Verification Documentation: List of documents or evidence required to verify that contingency conditions have been met

3. Schedule C - Payment Schedule: If applicable, detailed payment schedule or installment terms

4. Appendix 1 - Security Details: If secured, detailed description of collateral or security arrangements

5. Appendix 2 - Relevant Agreements: Reference to or copies of agreements related to the contingent conditions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Germany

Publisher

Genie AI

Document Type

Promissory Note

Sector

Banking

Cost

Free to use
Relevant Industries

Banking and Financial Services

Real Estate

Manufacturing

Construction

Energy

Technology

Infrastructure

Import/Export

Professional Services

Healthcare

Telecommunications

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Commercial Operations

Business Development

Corporate Administration

Project Management

Credit Management

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Corporate Lawyer

Contract Manager

Financial Controller

Risk Manager

Business Development Director

Project Finance Manager

Compliance Officer

Commercial Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Negotiable Instrument Promissory Note

A German law-governed financial instrument containing an unconditional promise to pay a specified sum, which can be transferred between parties and is regulated under the Wechselgesetz.

find out more

Basic Promissory Note

A German law-governed formal promise to pay a specified sum of money, structured as a Schuldschein (promissory note) with defined payment terms and parties.

find out more

Simple Promissory Note

A German law-governed written promise to pay a specified sum of money, structured according to BGB requirements.

find out more

Straight Note Loan

A German law loan agreement where interest is paid periodically and principal is repaid as a lump sum at maturity.

find out more

Secured Demand Note

A German law-governed debt instrument that combines on-demand payment features with security over specified collateral.

find out more

Debt Promissory Note

A German law Debt Promissory Note (Schuldschein) documenting a bilateral loan agreement, combining features of both a loan and a negotiable instrument under German legal requirements.

find out more

Bill Of Sale With Promissory Note For Automobile

A German law-governed agreement combining vehicle sale terms with a promissory note payment arrangement for automobile purchase and financing.

find out more

Installment Promissory Note

A German law-governed debt instrument documenting installment repayment terms and conditions between a debtor and creditor.

find out more

International Promissory Note

A German law-governed promissory note containing an unconditional promise to pay a specific sum in an international context, complying with both German and international legal requirements.

find out more

Loan Note

A German law debt instrument documenting a bilateral loan agreement between a borrower and lender, combining features of both a loan agreement and a transferable security.

find out more

Standard Promissory Note

A German law-governed Standard Promissory Note (Schuldschein) documenting an unconditional promise to pay a specified sum of money, subject to German Civil Code requirements.

find out more

Promissory Note Without Interest

A German law-governed financial instrument containing an unconditional promise to pay a specified sum without interest, regulated by the Wechselgesetz.

find out more

Promissory Deed

A German law Promissory Deed (Schuldschein) documenting an unconditional promise to pay a specified sum of money, subject to BGB requirements.

find out more

Promise Promissory Note For Hospital Bill

A German law-governed promissory note documenting a patient's formal commitment to pay outstanding hospital bills, with specified payment terms and conditions.

find out more

Hospital Bill Promissory Note

A German law-governed promissory note documenting a patient's commitment to pay outstanding hospital bills, establishing payment terms and conditions in compliance with German healthcare and consumer protection regulations.

find out more

Government Promissory Note

A German law-governed debt instrument representing a direct obligation of the Federal Republic of Germany, establishing terms for government borrowing through bilateral loan arrangements.

find out more

Balloon Promissory Note

A German law-governed debt instrument documenting a loan with regular payments and a larger final balloon payment, structured according to German civil law requirements.

find out more

Simple Note Payable Agreement

A German law-governed debt instrument documenting a promise to pay a specified sum with defined terms and conditions, compliant with BGB requirements.

find out more

Senior Promissory Note

A German law-governed Senior Promissory Note (Schuldscheindarlehen) establishing terms for senior-ranking debt obligations between issuer and noteholder.

find out more

Recourse Promissory Note

A German law-governed debt instrument containing a promise to pay a specified sum with recourse rights against additional parties if the primary debtor defaults.

find out more

Promissory Note With Collateral

A German law-governed debt instrument (Schuldschein) containing an unconditional promise to pay combined with security interests in specific collateral assets.

find out more

Non Recourse Promissory Note

A German law-governed debt instrument that limits the lender's recovery rights exclusively to specified collateral, structured as a Schuldschein under the German Civil Code.

find out more

Note Agreement

A German law-governed agreement establishing terms and conditions for the issuance of debt instruments (notes), including financial terms, rights, and obligations of all parties.

find out more

Loan Promissory Note

A German law debt instrument combining a loan agreement and promissory note, providing a streamlined approach to corporate financing under the German Civil Code.

find out more

Promissory Note Secured By A Deed Of Trust

A German law-governed secured lending document combining a promissory note with a deed of trust as security over real property.

find out more

Credit Card Promissory Note

A German law-governed debt instrument documenting a cardholder's promise to pay an outstanding credit card balance, incorporating consumer protection requirements.

find out more

Personal Promissory Note

A German law-governed formal written promise to pay a specific sum of money, structured according to BGB requirements and enforceable under German jurisdiction.

find out more

Short Term Unsecured Promissory Note

A German law promissory note documenting an unsecured short-term loan agreement between lender and borrower, governed by BGB provisions.

find out more

Secured Demand Promissory Note

A German law-governed financial instrument combining an unconditional promise to pay on demand with security interests in specified collateral.

find out more

Business Promissory Note

A German law-governed financial instrument representing an unconditional promise to pay a specified sum of money, commonly used in commercial transactions.

find out more

Vehicle Promissory Note

A German law-governed promissory note establishing payment terms and security interest for a vehicle purchase, compliant with BGB requirements.

find out more

Time Note Loan

A German law-governed loan agreement documenting terms for a fixed-term lending facility with specified repayment dates and interest calculations.

find out more

Short Form Promissory Note

A German law-governed financial instrument documenting a formal promise to pay a specified sum of money, structured as a simplified but legally binding debt acknowledgment.

find out more

Home Loan Promissory Note

A German law-governed promissory note document establishing terms and conditions for a residential property loan, including principal, interest, and security arrangements.

find out more

Forgivable Promissory Note

A German law-governed debt instrument combining a standard promissory note with provisions for conditional debt forgiveness.

find out more

90 Day Promissory Note

A German law-governed financial instrument containing a written promise to pay a specified sum after 90 days, structured according to German legal requirements.

find out more

Standard Promissory Note Unsecured

A German law-governed unsecured promissory note (Schuldschein) documenting a binding promise to pay a specified sum under defined terms.

find out more

Pledge Note

A German law-governed security document (Pfandschein) evidencing the creation of a pledge over specified assets as security for obligations.

find out more

Individual Promissory Note

A German law-governed written promise to pay a specified sum of money, creating a legally binding payment obligation between the maker and payee under the German Civil Code (BGB).

find out more

Credit Promissory Note

A German law Credit Promissory Note (Schuldschein) documenting a bilateral loan agreement with simplified documentation compared to traditional loan agreements.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now