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A promissory note is used when one party, the issuer, is making a "promise" to pay a certain amount of money to another party, known as the payee.

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This Lease Agreement is legally binding in Maine according to your state's specific rules and regulations.

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Maine Promissory Note: What Is It?

A Maine promissory note is a document that explains the agreement of two parties to give and repay a loan of some sort. A Maine promissory note is subject to Maine contract law. Make sure that you include the amount of the loan, the amount of the payments, the due date for the payments, what will happen if the payments are not made, and the document should be signed and dated by both the creditor and the debtor.

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