Consumer Contracts
Promissory Notes
A Promissory Note is a legally binding document in which a borrower promises to repay a lender. Unlike an I.O.U., it not only acknowledges the debt but also sets out the loan’s terms—such as amount, interest rate, repayment schedule, late fees, and consequences for nonpayment.
Bill of Sale
A Bill of Sale is a document that records the sale of an item, like a car, and transfers ownership from the seller to the buyer. Both parties should keep a signed copy as proof of the transaction. It’s typically used when the buyer pays in full and accepts the item “as is.”
Sale Agreement
A Sales Agreement is a legally binding contract between a buyer and seller that outlines the terms of a transaction. It can be created by either party and typically includes details about the parties, the goods or services being exchanged, price and payment terms, delivery, and any liability or warranty.