I am a Respiratory Therapist and am being hired for my first job. There is a nebulous statement in the incentive package that I don't understand.
"The maker and endorser hereof waives demand and presentment for payment, notice of non-payment, protest and notice of protest of the Promissory Note."
What does this mean?
2007-08-12
10:43:38
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4 answers
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asked by
James S
5
in
Business & Finance
➔ Careers & Employment
➔ Law & Legal
For context, this clause is from my Promissory Note for an Incentive and Recruitment package. With what has already been explained by posters so far and how my contract reads that I can understand, I would be responsible for more money than I would receive (because I would not be asking for the maximum in moving expenses) and they would not have an obligation to actually pay the agreed amount.
If this condition was on the bonus/moving expenses/temporary housing for your job, would you consider taking it?
2007-08-12
12:08:59 ·
update #1