FREE Canadian Promissory Note - Demand
This free Canadian Promissory Note on Demand can be used in Canada when a person loans money to another person. It sets forth the amount and terms of the loan.
Disclaimer:This was not drafted by a attorney & should not be used as a legal document.
PROMISSORY NOTE- DEMAND
For value received, the undersigned [Name], ("the Borrower") hereby acknowledges that he shall be indebted to [Name of the Lender] and promises to pay, unconditionally to the Lender at [Address of the Lender] on demand by the Lender or as otherwise directed by the Lender in writing, the Principle sum of CAD $ [amount] in advance, both before and after demand, maturity, default and judgment until paid.
The Lender may assign his/her rights, title and interest under this Note. All payment required to be made hereunder shall be made by the Borrower without any right of set off or counterclaim.