Document background
The Promissory Note With Notary is a crucial financial instrument in Singapore's legal framework, commonly used when parties need a secure and formally authenticated promise of payment. This document combines the basic elements of a promissory note with the additional security of notarization, making it particularly valuable for significant financial transactions. It includes specific details about the payment amount, terms, parties involved, and any security arrangements, while complying with Singapore's Bills of Exchange Act and Notaries Public Act. The notarization process adds an extra layer of authenticity and protection against fraud, making it easier to enforce in legal proceedings.
