I want to write a contract for money owing ($19,000) not sure what to stipulate in contract, any suggestions?

Answer 1

Generic form from U.S. government.
http://www.fas.usda.gov/excredits/scgp/standard2000.pdf


Other information you may want to know:
http://www.in.gov/sos/securities/investmentwatch/pdf/Promissory_Note.pdf

Answer 2

if the money is already owed to you than good luck getting anyone to sign it. If you are borrowing it and want to develop a contract just stipulate i am borrowing 19000 from so and so and i agree to pay it back in payments of ______ this debt will be completely paid off by this date_____. go to a bank with the second party and get it notorized. give them a copy and you a copy.

Answer 3

You can find a simple promisory note form at:

http://www.expertlaw.com/library/business/promissory_note_form.html

Given the amount of money involved, however, it might be prudent to consult an attorney. Just be clear what type of contract you want and agree upon a fee in advance.

Answer 4

Off-hand, you need specific terms in the contract, such as:

Parties to the agreement;

Terms of the agreement--money amount, interest amount, time for payment, consequences of missing payments, et al;

Date of the execution of the agreement;

Signatures of the parties.

Answer 5

for that amt of $$$, may I suggest an attorney.

If you don't have one, call the local bar association, explain your situation and ask them to refer you.

Answer 6

terms of repayment, and penitalies