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Sample Promissory Note Balloon Letter

by emily on March 7, 2012

PROMISSORY NOTE

For Value Received, [Borrower name], the ‘Borrower’, hereby pledges to pay [Lender name], the ‘Lender’, the sum of $[amount] (‘Principal) with interest in accordance with the interest and imbursement plan herein.
INTEREST –

Interest on the unpaid part of the Principal amount shall accumulate at the rate of [interest rate] % per annum from the date of this note.
PAYMENT –

The Borrower agrees to pay the principal balance and accumulated interest to the Lender in legal money of the United States in [installment numbers] equal [period] installments, due [due day] starting [first payment date], except the final payment which shall equivalent the balance of both principal and accumulated interest left unpaid, and which shall be due on [final payment due date].

Upon failure to pay by Borrower on any listed payment of principal or interest, the whole Principal amount and all accumulated interest shall, at the choice of the Lender, become payable immediately.

The Borrower may, at any time and without authorization or fine, prepay this Note in whole or in part, provided that Borrower accepts that such payment will be applied to any installments in reverse maturity order.

The Borrower agrees to pay any and all costs of collection that includes realistic attorney’s fees, in case such an action is required to gratify or leave all or a portion of this Note.

For [Borrower name]:

________________________________________ Date: _______________

Name: __________________________________ Title: _______________

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Sample Promissory Note Demand or Installment Letter

by emily on March 7, 2012

PROMISSORY NOTE

For Value Received, [Borrower name], the ‘Borrower’, hereby swears to pay [Lender name], the ‘Lender’ the sum of $[amount] (‘Principal’) with interest accumulated in accordance with the interest and payment schedules herein.

INTEREST
Interest on the due segment of the Principal shall grow at the rate of [interest rate] % per annum from the date of this note.

PAYMENT-
The Principal and interest shall be paid to the Lender in legalized money of the United States [payment plan].

Upon non-payment by Borrower on any scheduled payment of principal or interest, the whole Principal amount and all added interest shall, at the choice of the Lender, become payable immediately.
The Borrower may at any time and with no consent or fine, prepay this Note in full or in part, provided that Borrower accepts that such payment will be applied to the installments mentioned above in reverse maturity order.
The Borrower agrees to pay any and all collection costs that include realistic attorney’s fees, in case such action is required to gratify or leave whole or a part of this Note.

For [Borrower name]:

________________________________________ Date: _______________

Name: __________________________________ Title: _______________

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Sample Notice of Right of Rescission Letter

by emily on March 7, 2012

NOTICE TO CUSTOMER REQUIRED BY FEDERAL LAW

 

Today, [date], you have entered into a deal which Federal Law gives you the right to cancel, if you so want, with no penalty or compulsion at any time within three business days from the date mentioned above.

 

By canceling this deal, any lien, mortgage or other security interest that results from this deal is negated automatically. Any upfront payment or other considerations you may have made for this transaction must be paid back to you in the event you revoke.

 

If you want to cancel this deal, you may do so by informing the following party:

[First name, Last name]
[Complete address]

 

by post or telegram before midnight [three days from now], or by other written form of notice sent to the address mentioned above no later than midnight [three days from now].

Please acknowledge the receipt of this notice by signing the form indicated below.
ACKNOWLEDGMENT OF RECEIPT OF NOTICE:

Each of the undersigned hereby accepts the receipt of two filled copies of this Notice of Right of Rescission.

___________________________________ Date: _____________

___________________________________ Date: _____________

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Sample Independant Contractor or Consultant Agreement Letter

by emily on March 6, 2012

INTRODUCTION –

 

This is an Agreement between [Contractor Name], SSN [no. here], the ‘Contractor’ and [Company name], a [state name] Corporation, located at [address here].

Effective Date 

This Agreement becomes effective when signed and executed by all parties.

Agreement Termination -

This Agreement remains in force until [termination date], or until ended by any party upon [duration] of advance notice to the other party.

Responsibilities & Payment -
The Contractor agrees to carry out such duties at times in such manner as the Company may direct.

[Optional Particular Deliverables]

The Company agrees to pay the Contractor for work performed as follows:

[Payment terms]

The Contractor accepts that no federal or state withholdings or deduction will be acquired or paid by Company on (his/her) behalf, and agrees to be liable to report and pay for the same.

The Contractor accepts that as a free contractor <he/she> will not be qualified nor entitled to any of the benefits afforded regular workers, that includes but does not limit to unemployment cover, heath benefits, holiday, profit distribution and annuity plans.

Rights –
The Contractor hereby allocates to the Company all the rights of formation and possession of all materials, thoughts and other physical and indescribable assets produced by or resultant from the work done under the terms of this Agreement. Contractor recognizes that all such assets shall be the belongings of Company. All trademarks, patents, copyrights, and products that result from the work done under this Agreement shall similarly be the property of the Company only.

Novelty –

The Contractor justifies that the work performed and/or assets created under this Agreement are original that have not been created previously and are not in the public domain. Contractor additionally warrants that the work shall be free of any hindrances and that Contractor has complete rights to allot ownership of work to Company.

Trade Secrets

Any information that related to the plans of Company and its business, including but not limited to objects, plans and patron lists, are to be deemed trade secrets of Company. Contractor agrees to sign and bear by a non-disclosure agreement in regard to the use and privacy of this information. Infringement of the non-disclosure agreement shall result in direct termination of this Agreement.
Non Competition -

During the time of this Agreement, Contractor agrees to not, directly or in any other way, participate in the progress, production or promotion of any produce which directly or indirectly rivals with Company’s existing or identified future products or business. Contractor agrees not to involve in activities which contend with Company’s business where such actions could call on Contractor to disclose or use any confidential information or business secrets that belong to Company.
General Provisions -

If the work is not performed timely mentioned herein, or if the work does not meet the specifications or quality requirements as stated by Company, or if for any other violation of any condition of this Agreement by Contractor, Company may, at its choice and upon written notice to Contractor, either (a) end this Agreement and demand a refund of all amounts paid to Contractor (upon the disbursement of which all rights in the work shall be allocated to Contractor), or (b) keep the work in its then existing state and stop additional payments to Contractor hereunder. The preceding remedies are not limited and shall be in addition to such other rights and remedies as Company may have under the regulation or this Agreement.

In any deed or suit to implement any right or remedy under this Agreement or to understand any condition of this Agreement, the winning party shall be entitled to make recovery of its expenses that includes, but does not limit to attorney’s fees.

Any changes to this Agreement must be signed by all parties.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

Contractor:

___________________________________________

Name: _____________________________________ Date: _____________

Title: _____________________________________

For [Company name]
Name: _____________________________________ Date: _____________

Title: _____________________________________

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Sample Full and Final Release to Be Obtained By an Employer From an Employee When the Employee Has Been Terminated Letter

by emily on March 5, 2012

Full and Final Release to Be Obtained By an Employer from an Employee When the Employee Has Been Terminated

EMPLOYEE FINAL RELEASE -

 

In Consideration of the payment of $[amount], received by me, which is recognized, I, [employee name], on behalf of myself, my successors, overseers and allocates (hereinafter jointly referred to as the ‘Releaser’, hereby release and discharge [employer name], its parent, auxiliaries, and associates and each of its and their respective executive, directors, staff, servants and representatives, and their descendants and allocates (hereinafter jointly referred to as the ‘Releasee’, together and severally from any and all actions, roots of action, and agreements, whether express or implied, claims and demands for damages, indemnity, expenses, interest, loss of every kind whatsoever occurring, which I may have had, may now have or may hereinafter have and with no limits for the generality of the preceding, all claims in any way that relates to the hiring of, the service by or the employment termination of the Releaser by the Releasee and, I hereby purposely agree, stand for and warrant to the Releasee that I have no additional claim against the Releasee for or occurring out of my employment or termination of employment which particularly includes but does not limit to any claims for notice, pay in lieu of notice, unfair discharge, disconnection pay, bonus, overtime pay, incentive payment, interest, holiday pay or any claims under any employment.

AND FOR THE SAID CONSIDERATION I additionally pledge and agree to save safe and cover the Releasee from and against all claims, allegations, taxes or fine and, demands which may be made by any legislative power that requires the Releasee to pay any recognized federal, regional and local taxing authorities in respect of income tax owed by me in addition of the income tax previously pending.

IT IS UNDERSTOOD AND ACCEPTED    that the under the aforesaid consideration is deemed to be no liability admission on the part of the said Releasee, said legal responsibility, in fact, being denied.

IN WITNESS WHEREOF I have hereunto executed this Employee Final Release by affixing my hand and seal on [date], in the presence of the witness who signed below.

 

Date: __________________________________

 

…………………………………………..                  ………………………………………….

Witness                                                                        [Employee Name]

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Sample Employment Agreement Letter

by emily on March 5, 2012

This paper has important lawful consequences. You should sincerely consider having it reviewed by an attorney before you sign it
EMPLOYMENT AGREEMENT’ –

This Agreement is made between [Company name with address], and [Employee name with address] –
Responsibilities:
The Company hereby agrees to employ employee to carry out tasks in such manner as the Company may from time to time direct.

The Employee agrees that (he/she) will perform the tasks assigned to (him/her) to the best of (his/her) capability, to keep a complete account of (his/her) job and expenses, to remit Company any amount paid to (him/her) or, placed in (his/her) possession belonging to Company, to dedicate (his/her) full and complete time to the business of Company, and to avoid engaging in any other business during the tenure of his service with Company.

Rights:

The Employee hereby assigns to Employer the all rights of formation and possession of all materials, ideas and other physical and indefinable assets produced by or resulting from the efforts under the terms of this employment agreement. All trademarks, patents, copyrights, and products that result from the work don under this Agreement shall also be the sole property of the Employer.

Confidential Information:
Any information related to the developments of Employer and its business are to be deemed ‘trade secrets’ of Employer. The Employee agrees to sign and abide by a non-disclosure contract about the use and discretion of this information, when required by the Employer. Infringement of the non-disclosure may, may result in immediate termination from the organization under this Agreement.
Non-Competition:

The Employee agrees that upon employment termination, whether voluntary or involuntary, (he/she) will not involve in commercial activity that could reasonably be understood as a competition with the Employer for a period of [non-competition period] from the concluding employment date, and termination of this Agreement.

Compensation:
In consideration of the preceding, the Company agrees to pay to the Employee, a salary of $[amount], per [payment basis], plus reasonable accepted expenses incurred for the Company business.

 

Effective Date:

This agreement shall is effective from [start date], and remains in effect until it is ended by either party. Any party may end this agreement by giving the other party a notice of [duration] about their intention. In case this agreement is ended by any party, the Employee agrees that the imbursement to the date of employment termination shall fully satisfy all claims against the Company under this agreement.

The Employee understands and agrees that the job is terminable at will by employer and, shall not be considered an employment contract for a particular term or minimum period.
General Conditions:

In any action or suit to implement any right or remedy under this Employment Agreement or to construe any provision of this Agreement, the winning party shall be entitled to recover its expenses that includes the attorney’s fees.

 

IN WITNESS WHEREOF, the parties have executed this agreement on [date].

__________________________________
[Employee name]

__________________________________
[Company Signatory]

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Sample Employee Nondisclosure Agreement Letter

by emily on March 5, 2012

From:
[Your Name, & Address here]

 

To:

[Recipient Name & address here]

[Date here]

Dear [name],

 

As per the court order, your [alimony/child support] of $[amount] falls due on [due date] of every month.

So, your payment for [names or no. of months] is overdue. We request you to please submit payment for this amount within [duration] from the receipt of this letter, if you want to avoid any legal proceedings.

In case you have been facing some problems because of which you were unable to make the payment, please inform us immediately so that we can discuss it and find some solutions.

Look forward to hear from you.
Regards,

[Your name]

Encl: [Enclosures List here]

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Sample Demand For Payment Strong Tone Letter

by emily on March 5, 2012

Demand for Payment, Strong Tone

[Name, Company Name & Address here]
[Date]

Dear [name],

 

This is our official notice to you regarding the due payment. You have defaulted to pay the dues – you owe $[amount] lent to you on [date on which money lent].

This sum is due since [last payment date], you did not make the payment, despite repeated requests from our side.

If we do not receive the payment in full by [deadline], we will have to do whatever we can under the law to recover our money with accumulated interest from you that includes, but does not limit to legal proceedings against you, not to mention the legal expenses shall also be borne by you.

We are open to discussion before the [deadline], but after this date, we will have no other option, but to go with the legal proceedings.

[Your name]

Encl: [Enclosures List here]

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Sample Demand For Payment of Promissory Note Letter

by emily on March 5, 2012

From:
[Your Name, & Address here]

 

To:

[Recipient Name & address here]

[Date here]

Dear [name],
We acknowledge the receipt of the promissory note sent by you, dated [date].

We want payment against the due balance of principal and accumulated interest in the amount of $[total amount].

We look forward to receive the full payment by [deadline]. In case you cannot make the payment before this date, please inform us immediately.

Thank you for your prompt attention regarding this matter.

 

Regards,

[Your name]
Encl: [Enclosures List here]

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Sample Demend Promissory Note Letter

by emily on March 2, 2012

Promissory Note, Payable on Demand, Variable Interest, Principal Payable on Maturity

 

 

DEMAND PROMISSORY NOTE

 

 

 

[Loan Amount]                                                                           Due:  ON DEMAND

 

 

 

FOR VALUE RECEIVED, the undersigned, [borrower name], the ‘Borrower’, hereby acknowledges itself obliged to [Lender name], the ‘Lender’, and swears to pay ON DEMAND to the Lender or, as otherwise instructed in writing by the Lender, the principal sum of $[loan amount] in legal money of [currency of the United States of America] with interest at a changeable rate per annum equivalent to the interest rate commonly known as the ‘prime rate’ of interest declared from time to time by [Bank name of the Lender] as a reference rate then in effect for concluding interest rates and amount more than prime rate, calculated and owed monthly, not in advance, on the [day] of each and every month, beginning (first loan payment date), and both before and after claim, maturity, non-payment and judgment until paid.

 

 

The Lender may allot all of its right, title and interest in, to and under this promissory note. The payments required to be made within shall be made by the Borrower with no any right of set-off or counterclaim.

 

 

Dated: [document date]

 

 

 

 

…………………………………………..                  ………………………………………….

Witness                                                                        Seller Name

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