1. The basic composition of an IOU.
An IOU is a legal document that proves the existence of a lending relationship between two parties, usually signed by both the borrower and the lender. The IOU should contain the following basic contents:
1.Basic information such as the name, ID number, ** and other basic information of the borrower and the lender;
2.Borrowing details such as loan amount, loan term, loan interest rate, etc.;
3.repayment plans such as repayment methods, repayment periods, etc.;
4.Signature or seal of both parties, and the date of signing.
Second, the main points of writing IOUs.
1.Be concise and clear in language: The text of the IOU should be concise and clear, and avoid using vague language. Key information such as the amount of the loan and the term of the loan should be clear and correct.
2.Completeness: The content of the IOU should be complete and ensure that it contains all the necessary information. If necessary, additional information such as the purpose of the loan can be indicated in the IOU.
3.Compliance with laws and regulations: The content of the IOU must comply with the provisions of relevant laws and regulations, such as interest rate caps, etc. If in doubt, it is advisable to consult a professional lawyer.
4.Signature confirmation: The IOU must be signed or stamped by both the borrower and the lender to ensure that both parties have no objection to the content of the IOU.
5.Proper preservation: IOUs should be kept in a safe place to avoid damage or loss. It is recommended to back up both the electronic and paper versions.
3. Examples of IOUs.
Here's a simple example of an IOU:
IOUs. I (the Borrower, hereinafter referred to as "I") borrowed RMB (capitalized) from (the Lender, hereinafter referred to as "you") in the amount of RMB 100,000, i.e. 100,000 yuan. The term of the loan is from 20xx/x/x/x, to 20xx/x/x, a total of x months. The borrowing interest rate is 1% per annum (xx%), and the total interest is RMB (capitalized) yuan, i.e. yuan. The repayment method is monthly interest payment, and the principal is repaid at maturity. If I fail to repay the principal and interest on time, I am willing to bear all legal liabilities and expenses arising therefrom.
This is hereby substantiated.
Borrower's signature: xxx
Lender's signature: xxx
Date: 20xx/x/x.
4. Precautions.
1.When writing an IOU, both parties should fully understand each other's rights and obligations and ensure that the content of the IOU is true, legal and valid. If you have any questions or needs, it is recommended to consult a professional lawyer or legal advisor.
2.Before signing the IOU, both parties should carefully read and understand the content of the IOU to ensure that it is correct before signing for confirmation. If there is any amendment or supplement, it shall be signed or sealed at the place of amendment or supplement.
3.When signing the IOU, both parties should use their real names and ID numbers, and provide accurate *** and address so that they can be contacted and resolved in a timely manner in the event of a dispute.
4.Before the expiration of the repayment period, the two parties shall keep in touch and communicate the repayment situation in a timely manner. In case of overdue or breach of contract, it should be resolved through negotiation as soon as possible to avoid unnecessary disputes and losses.