The Promissory Note With Notary is a crucial financial instrument in Singapore's legal framework, commonly used when parties need a secure and formally authenticated promise of payment. This document combines the basic elements of a promissory note with the additional security of notarization, making it particularly valuable for significant financial transactions. It includes specific details about the payment amount, terms, parties involved, and any security arrangements, while complying with Singapore's Bills of Exchange Act and Notaries Public Act. The notarization process adds an extra layer of authenticity and protection against fraud, making it easier to enforce in legal proceedings.
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1. Date of Execution: Specific date when the note is made
2. Promise to Pay: Unconditional promise to pay a specific sum
3. Principal Amount: The exact sum promised to be paid
4. Payment Terms: Specific details about when and how payment will be made
5. Maker's Details: Full legal name and address of the person making the promise
6. Payee's Details: Full legal name and address of the person to whom payment is promised
7. Signature Block: Space for signatures of maker and notary
1. Interest Rate: Terms of interest if applicable - include when the note includes interest payments
2. Security/Collateral: Details of any assets securing the note - include when the note is secured by specific assets
3. Acceleration Clause: Conditions under which full payment becomes immediately due - include when early payment provisions are desired
4. Late Payment Penalties: Consequences of delayed payments - include when specific penalties for late payment are needed
1. Payment Schedule: Detailed breakdown of payment installments if applicable
2. Collateral Description: Detailed description of any security/collateral if applicable
3. Witness Attestation: Additional witness signatures if required
Relevant legal definitions
Principal Amount
Due Date
Interest Rate
Default Interest Rate
Business Day
Place of Payment
Maker
Payee
Maturity Date
Payment Date
Event of Default
Notary Public
Security
Collateral
Payment Schedule
Governing Law
Acceleration Event
Late Payment
Prepayment
Stamp Duty
Notice
Singapore Dollars
Banking Day
Due Date
Interest Rate
Default Interest Rate
Business Day
Place of Payment
Maker
Payee
Maturity Date
Payment Date
Event of Default
Notary Public
Security
Collateral
Payment Schedule
Governing Law
Acceleration Event
Late Payment
Prepayment
Stamp Duty
Notice
Singapore Dollars
Banking Day
Clauses
Promise to Pay
Payment Terms
Interest
Default Interest
Prepayment
Security/Collateral
Events of Default
Acceleration
Late Payment Penalties
Representations and Warranties
Notice Requirements
Assignment
Waiver
Severability
Governing Law
Jurisdiction
Amendment
Execution
Notarization
Force Majeure
Remedies
Stamp Duty
Costs and Expenses
Payment Terms
Interest
Default Interest
Prepayment
Security/Collateral
Events of Default
Acceleration
Late Payment Penalties
Representations and Warranties
Notice Requirements
Assignment
Waiver
Severability
Governing Law
Jurisdiction
Amendment
Execution
Notarization
Force Majeure
Remedies
Stamp Duty
Costs and Expenses
Relevant Industries
Relevant Teams
Relevant Roles
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