A Legal IOU Form serves as a formal record of debt and repayment obligation under the jurisdiction of England and Wales. This document is particularly useful for private loans between individuals or small businesses where a full loan agreement might be unnecessarily complex. The Legal IOU Form includes essential details such as the loan amount, repayment terms, and parties involved, while maintaining legal enforceability. It provides a balance between formal documentation and practical simplicity, offering protection for both lender and borrower while avoiding the complexity of more elaborate financial instruments.
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.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Date: Date of IOU creation
2. Parties: Full legal names and addresses of lender and borrower
3. Amount: Sum of money owed, in both figures and words
4. Repayment Terms: When and how the debt will be repaid
5. Signatures: Signatures of both parties and witness(es)
1. Interest Rate: Terms of any interest charged, use when agreed between parties
2. Security: Details of any collateral, use when debt is secured
3. Default Provisions: Consequences of non-payment, use in larger loans
4. Payment Schedule: Detailed repayment plan, use for installment payments
1. Payment Schedule: Detailed breakdown of installment payments if applicable
2. Security Details: Description of any collateral or security provided
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Promissory Note For Vehicle Purchase
A legally binding promise to pay for a vehicle purchase under English and Welsh law, documenting the debt obligation between buyer and seller.
find out more
Time Promissory Note
An England & Wales legal document formalizing a debt obligation with a specific future payment date.
find out more
Straight Promissory Note
An England & Wales legal document formalizing a promise to repay a specified sum under agreed terms.
find out more
Shareholder Promissory Note
An England & Wales legal document formalizing a shareholder's deferred payment or debt obligation to the company.
find out more
Simple Note Payable Agreement
An England & Wales document formalizing a straightforward loan arrangement with essential debt details and legal enforceability.
find out more
Senior Promissory Note
An England & Wales legal document detailing senior debt obligations with priority over junior creditors.
find out more
Recourse Promissory Note
An England & Wales debt instrument ensuring personal liability for payment defaults under the Bills of Exchange Act 1882.
find out more
Promissory Note With Real Estate Mortgage
An England & Wales legal document securing a loan against real property with detailed terms and enforcement rights.
find out more
Promissory Note With Personal Guarantee
An England & Wales legal document securing debt with a promissory note and personal guarantee.
find out more
Promissory Note With Collateral
An England & Wales legal document securing debt with collateral under specific legislative compliance.
find out more
Promissory Note Secured By Personal Property
An England & Wales legal document securing debt with personal property as collateral.
find out more
Promissory Note Secured By A Mortgage
An England & Wales legal document evidencing debt and securing property interest for secured financing arrangements.
find out more
Promissory Note Repayment Schedule
An England & Wales document outlining structured loan repayment terms, including schedules, interest, and default provisions.
find out more
Promissory Note Providing For Interest
An England & Wales legal document formalizing a loan repayment promise with interest between parties.
find out more
Promissory Note Mortgage
An England & Wales legal document securing a loan with property collateral, detailing repayment and default terms.
find out more
Promissory Note Monthly Payments
An England & Wales legal document outlining structured monthly repayments for a loan, detailing obligations and protections.
find out more
Promissory Note Lien On Property
An England & Wales legal document securing a loan with property as collateral and detailing debt obligations.
find out more
Promissory Note Letter
An England & Wales legal document formalizing a promise to pay a specified sum under agreed terms.
find out more
Promissory Note Installment Payments
An England & Wales legal document detailing debt repayment terms through scheduled installments.
find out more
Promissory Note For Property
An England & Wales legal document securing deferred property payment with the property as collateral.
find out more
Promissory Note Cosigner Agreement
An England & Wales legal document ensuring cosigner liability for a primary borrower's loan obligations.
find out more
Promissory Note Convertible To Equity
An England & Wales legal document allowing deferred equity valuation for immediate startup funding.
find out more
Promissory Note Agreement
An England & Wales legal document formalizing a promise to repay a specified sum with outlined terms.
find out more
Promissory Contract Of Purchase And Sale
An England & Wales legal agreement outlining future sale terms and conditions for property or goods transactions.
find out more
Promise To Pay Letter For Rent
An England & Wales legal document outlining a tenant's commitment to repay overdue rent with a structured plan.
find out more
Payable On Demand Promissory Note
An England & Wales legal document acknowledging debt, allowing immediate repayment upon demand by the payee.
find out more
Note Agreement
An England & Wales legal document detailing terms for borrowing through note issuance and compliance with financial regulations.
find out more
Non Recourse Promissory Note
An England & Wales legal document limiting lender recourse to specific assets in project finance transactions.
find out more
Loan Promissory Note
An England & Wales legal document outlining loan terms, repayment schedule, and borrower obligations.
find out more
Loan Note Document
An England & Wales legal document outlining debt terms for corporate financing through alternative lending arrangements.
find out more
Interest Only Balloon Note
An England & Wales legal document outlining interest-only loan terms with a final balloon payment.
find out more
Full Recourse Promissory Note
A formal request document for borrowing funds from a bank in England & Wales, detailing financial information.
find out more
Family Promissory Note
An England & Wales legal document authorizing a third party to handle specific claims on behalf of another.
find out more
Cash Loan Promissory Note
An England & Wales document authorizing specific salary payment arrangements between employers, employees, and financial institutions.
find out more
Borrower Promissory Note
An England & Wales legal document authorizing delegated banking responsibilities under specific conditions.
find out more
Promissory Note Personal Guarantee Language
A legally binding document under English and Welsh law where an individual personally guarantees payment or performance of another party's obligations.
find out more
Payment Plan Promissory Note
A legally binding document under English and Welsh law that establishes structured repayment terms for a debt through scheduled installments.
find out more
Promissory Note For Stock Purchase
A legal document under English and Welsh law evidencing a promise to pay for company shares, combining elements of a promissory note and stock purchase agreement.
find out more
All Inclusive Promissory Note
A comprehensive financial instrument under English and Welsh law combining multiple debt obligations into a single promissory note.
find out more
Private Loan Promissory Note
A legally binding document under English and Welsh law evidencing a debt obligation and containing a borrower's written promise to repay a loan under specified terms.
find out more
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
.png)
.png)