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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 Minnesota according to your state's specific rules and regulations.

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Minnesota Promissory Note: What Is It?

A Minnesota promissory note is a signed agreement documenting a loan that was given and the terms of which repayment should follow. Although a Minnesota promissory note can be oral, a written one is important because it is easier to prove that an agreement exists if there is a legal dispute regarding the agreement.

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