Collect Data For Legal West Virginia Confidentiality Agreement Forms For Free

A personal guarantee is when one person agrees to pay the debts or obligations of another person or a company. It is a legally binding personal promise to step into the shoes of the original party to the contract.

Although it is legally enforceable, a promissory note is less formal than a loan agreement and is suitable where smaller sums of money are involved. However, its terms - which can include a specific date of repayment, interest rate and repayment schedule - are more certain than those of an IOU.

Promissory notes are legally binding documents that all lenders require. You can't obtain a loan without signing a promissory note. Lenders, on the other hand, may or may not require a personal guarantee. Most lenders don't require a personal guarantee for secured business loans.

A promissory note is used for mortgages, student loans, car loans, business loans, and personal loans between family and friends.

To be valid, a Non-Disclosure Agreement only needs two signatures ? the disclosing party and the receiving party. It doesn't need to be notarized or filed with any state or local administrative office.

To create a Non-Disclosure Agreement, include the following information: The parties' names and contact information. The length of the non-disclosure period. The scope and definition of the confidential information. The obligations of the Non-Disclosure Agreement. The ownership and return information.