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Official Promissory Note Templates: https://eforms.com/promissory-note/ Promissory notes detail money borrowed and a structured plan to pay the funds back. Two kinds of Promissory Notes are available: Secured Promissory Notes: Secured notes offer a condition where if the borrowed money is not returned to the lender, some type of security, which is typically a valuable asset or property, is relinquished to the lender. Unsecured Promissory Notes: These agreements don’t offer special security. If the lender has trouble obtaining the money, they must settle their dispute through legal proceedings. Both Promissory Note templates are available for your use via the link above. Disclaimer: This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and/or damages in connection with the use of our videos. ----- 0:00 Intro 0:12 Secured Promissory Note Explained 0:24 Unsecured Promissory Note Explained 0:40 Why Use A Promissory Note? 0:50 Certainty Of Payment 1:00 Marketability 1:09 Judicial Certainty 1:38 What Is To Be Included In A Promissory Note