Although many people think not, Brazil still uses the promissory note a lot. The note is very common in situations that do not involve bank transactions. For example, business between family, friends, or even a small shop that sells on credit to some of its customers. For this reason, filling it out correctly is essential. That way, you avoid mistakes and charge everyone correctly. In this article, we will show you how to fill out the promissory note. Let's go!

A promissory note is an out-of-court document. This document can function as a credit or collection instrument. Business cases between families and also in small establishments frequently use the promissory note.

In this way, it is guaranteed that the debt or loan will, in fact, be paid. Basically, the promissory note serves for those negotiations done in a conversational, friendly way. No need for court interference.

It is worth mentioning that even though it is an extrajudicial note, the promissory note has legal value in Brazil. That is, not paying a promissory note can lead to legal problems.

For a promissory note to be valid, it must contain the data of who is issuing it and also of the beneficiary. The person who fills in the note is the debtor himself, and until payment is made, it must remain in the creditor's possession. Thus, those who owe avoid charges.

In addition, there are two types of promissory note:

If one of the parties fails to comply with the agreement, the promissory note cannot be cancelled. Therefore, it is necessary to resort to justice to guarantee the promised money.

In this modality, the promissory note can be canceled if the issuer or beneficiary does not comply with the agreement. In this way, any impediment in relation to this note can be resolved outside the judicial environment.

Now let's get to the most important part, how to fill out the promissory note. First of all, to buy the note, just go to any stationery store. In addition, it is currently possible to make your own promissory note online.

It just needs to be filled in correctly. In that sense, filling in online is also good, as the website reminds you of important fields that are empty. However, let's list some steps when filling out the physical promissory note.

First, the note must have a number and title. The title is usually “Promissory Note”. The number, on the other hand, represents whether the note is unique or whether the payment will be made in more installments. For example, 01/05 or 01 of 05. Second, it must contain the due date and date of issue of the document. Payment is made by the debtor on the due date shown on the note. If this date is blank, the beneficiary deposits the note on the same day.

In addition, it is also essential to put the amount to be paid. The amount follows the same logic as checks. Therefore, it is necessary to write in full and with numbers. Together with the city and state in which the debtor will make the payment.

Finally, it is necessary to fill in the name, CPF or CNPJ and address of the issuer and beneficiary. And of course, signatures. The note cannot contain any erasures, otherwise it runs the risk of losing its validity.

After this step by step, it was simple to fill out your promissory notes, right? Now how about also seeing our article on how to write checks? So, click on the recommended content below and check it out!