Business Promissory Note Template for Germany

1. Interest Rate Provision: Optional clause specifying any interest rate applicable to the promissory note, used when interest is to be paid in addition to the principal amount

2. Installment Payment Terms: Used when the payment is to be made in installments rather than as a single sum

3. Security Provisions: Details of any security or collateral backing the promissory note, included when the note is secured

4. Transfer Restrictions: Any limitations on the transferability of the note, included when the note should not be freely transferable

5. Governing Law Declaration: While German law applies by default, an explicit governing law clause may be included for clarity in international contexts

1. Payment Schedule: If payments are to be made in installments, a detailed schedule of payment dates and amounts

2. Security Documentation: If the note is secured, details and documentation relating to the security or collateral

3. Corporate Authorization: For corporate issuers, evidence of authority of the signatory to issue the promissory note on behalf of the company

4. Guarantee Agreement: If the note is guaranteed by a third party, the guarantee documentation