Promissory note

A promissory note is particularly important when spouses or cohabiting partners have a debt between them, for example in connection with a property purchase where one party has contributed a cash deposit. In such situations, a promissory note is essential. The legal framework surrounding these matters can be complex, and it is important to involve a lawyer to ensure that the debt amount is calculated correctly and to gain insight into the rules regarding limitation periods and the due date of the debt.

In a promissory note, you may agree on when the debt becomes payable, whether interest shall apply, any amortization requirements, and whether the debt may be transferred. By clearly documenting these details, you can avoid future disputes and create security both in the debt relationship and in your relationship overall.

We can assist you in preparing a promissory note that reflects your specific needs and agreements. We can also provide advice regarding relevant legal aspects to ensure that you fully understand your rights and obligations.