Question by bonkaswirl074u: How do i draw up a personal loan contract?
im about to loan a friend of mine a sum of money and i was wondering how do i draw up a personal loan contract, one that will be legally binding in case they dont pay up.. what needs to be included in it? how many witnesses do i need? what info of thiers would be benefitial?
Answer by jack spicer
write it up how you’d like & when the terms are agreed to, have you, your friend & a witness sign in front of a notary. that would be legally binding in court.
just your & their signatures would be enough, but why not have it even more secure?
Give your answer to this question below!