The Simple Note Payable Agreement is a fundamental debt instrument used in German business and personal lending transactions. It serves as documentary evidence of a loan and the borrower's promise to repay, structured in compliance with German civil law requirements, particularly the Bürgerliches Gesetzbuch (BGB). This document type is commonly used when there is a need to formalize a lending arrangement with clear, legally enforceable terms, but without the complexity of a full loan agreement. The Simple Note Payable Agreement includes essential information such as loan amount, interest rate, payment schedule, and maturity date, while incorporating necessary provisions to ensure enforceability under German law. It's particularly useful for straightforward lending arrangements between parties where a formal record of debt and repayment terms is required.

1. Parties: Identification of the Lender and Borrower with full legal names and addresses

2. Background: Brief context of the loan arrangement and purpose

3. Definitions: Key terms used in the agreement including 'Business Day', 'Interest Rate', 'Maturity Date', etc.

4. Loan Amount: Principal amount of the loan in specified currency

5. Interest Rate: Agreed interest rate, calculation method, and payment frequency

6. Repayment Terms: Schedule of repayment including maturity date and payment mechanics

7. Payment Mechanics: Bank account details, payment method, and timing requirements

8. Representations and Warranties: Basic statements about borrower's capacity and authority to enter into the agreement

9. Events of Default: Circumstances constituting default and consequences

10. Notices: How and where formal communications between parties should be made

11. Governing Law: Specification of German law as governing law and jurisdiction