This Demand Note Payable on Demand (the "Note") is made and effective the [DATE],
BETWEEN: [LENDER NAME] (the "Lender"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:
AND: [YOUR COMPANY NAME] (the "Borrower"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:
[YOUR COMPLETE ADDRESS]
FOR VALUE RECEIVED, the undersigned Borrower jointly and severally promises to pay to the order of Lender, the sum of [AMOUNT], together with interest of [%] per annum on the unpaid balance. The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of Lender thereof.
Upon default in making payment within [NUMBER] days of demand, and providing this note is turned over for collection, Borrower agrees to pay all reasonable legal fees and costs of collection to the extent permitted by law. This note shall take effect as a sealed instrument and be enforced in accordance with the laws of the payee's state. All parties to this note waive presentment, notice of non-payment, protest and notice of protest, and agree to remain fully bound notwithstanding the release of any party, extension or modification of terms, or discharge of any collateral for this note.
IN WITNESS WHEREOF, the undersigned has caused this Demand Note to be duly executed as of the date first written above.
Authorized Signature Authorized Signature
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