Negotiable Instruments and Lending Agreements

When making a private loan, using a negotiable instrument like a promissory note to prove the existence of a loan and to govern the terms of loan repayment has many advantages over using a contract.  

For example, a promissory note is governed by statutory law and not contract law.  If a contract is the only financial agreement you use to lend, then the repayment of your loan is subject to numerous legal defenses that could allow your borrower to avoid repayment.

When properly drafted, a promissory note can better protect against a defaulting borrower than many other types of legal agreements and could help save you time and money.

Contact the Mariano Law Firm to help save you time and money when making your next loan or seeking your next round of funding.

NEGOTIABLE INSTRUMENT DRAFTING AND REVIEW:

Paul has prepared and negotiated numerous unsecured promissory notes and promissory notes secured by deeds of trust.

PHONE

(540) 339-7701

LOCATION

1327 Hamilton Terr SE

Roanoke, VA 24014

HOURS

By Appointment Only