The Importance Of Using A Promissory Note Template For Borrowing And Lending Money Among Friends

Carlglendon18 Oct, 2022Business

Borrowing and lending money is a very common thing among friends. When you lend a certain sum of money to a friend of yours, you naturally trust your friend that he or she is going to pay you back as and when you need the money. In most of these cases, the terms and conditions of such an agreement are not clear and precise and this can lead to a conflict later on. Given the worst-case scenario, it can even lead to the breakup of the friendship due to a breach of trust.