Promissory Notes

Signing Duplicate Copies of a Promissory Note

Sometimes people make copies of a contract or an agreement, and each party signs a copy. With promissory note forms, this should be avoided.

Remember each signed promissory note is enforceable. If there are two copies of signed notes, it means the borrower has promised to pay the money specified in the Promissory Note twice.

If you, the borrower, like to keep the copy of the promissory note as a record, make copies before you sign the note. And sign the original Promissory Note only that the lender will keep.