Guarantee of Claim Promissory Note

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Promissory Note Details

**Date:** {{date}}

**Promise to Pay:** For value received, I, the undersigned, {{maker_name}} (hereinafter referred to as the “Maker”), whose address is {{maker_address}}, promise to pay to the order of {{payee_name}} (hereinafter referred to as the “Payee”), whose address is {{payee_address}}, the principal sum of {{amount}} ({{amount_words}}), together with interest at the rate of {{interest_rate}}% per annum.

Payment Terms

The principal sum and accrued interest shall be due and payable in full on or before {{due_date}}.

Payments shall be made in {{currency}} in lawful money of the Republic of [{{country_name}}] at the address of the Payee as stated above, or at such other place as the Payee may designate in writing.

Guarantee of Claim

The Maker hereby unconditionally guarantees the existence and validity of the claim underlying this Promissory Note and further guarantees that no part of the principal or interest has been paid, set off, or discharged. This Promissory Note is issued in respect of {{description_of_claim}}.

Default

If the Maker fails to pay the full amount of principal and any accrued interest on or before the due date, the Maker shall be in default. Upon default, the entire unpaid principal balance and accrued interest shall become immediately due and payable without further notice.

In the event of default, the Maker agrees to pay all reasonable costs of collection, including but not limited to, attorney’s fees, court costs, and other legal expenses incurred by the Payee in enforcing this Promissory Note.

Governing Law

This Promissory Note shall be governed by and construed in accordance with the laws of the Republic of {{country_name}}.

Waiver

The Maker and any endorsers, guarantors, and sureties hereof, severally waive presentment, demand, protest, notice of protest, notice of dishonour, and all other notices or demands of any kind.

Amendment

No amendment, modification, or waiver of any provision of this Promissory Note shall be effective unless in writing and signed by both the Maker and the Payee.

Signature Block

**IN WITNESS WHEREOF**, the Maker has executed this Promissory Note on the date first above written.

____________________________

**Maker’s Signature**

Printed Name: {{maker_name}}

____________________________

**Witness Signature**

Printed Name: {{witness_name}}

Address: {{witness_address}}

____________________________

**Payee’s Signature (Acknowledgement of Receipt)**

Printed Name: {{payee_name}}