Contingent Promissory Note: Definition, Terms, Example
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Quick Facts — Contingent Promissory Note Lawyers
- Avg cost to draft a Promissory Note Agreement: $710.00
- Avg cost to review a Promissory Note Agreement: $390.00
- Lawyers available: 178 financial lawyers
- Clients helped: 266 recent contingent promissory note projects
- Avg lawyer rating: 4.97 (27 reviews)
What is a Contingent Promissory Note?
A contingent promissory note (CPN) is a legal agreement between two parties in which one party agrees to pay a certain sum of money to the other party under specific circumstances. For example, if you are lending money to a friend, you may agree to give them a CPN in case they are unable to repay the loan at a later date. This can help protect both parties in case of default. If you're considering entering into a CPN agreement, it's important to understand the terms and conditions involved.
Common Sections in Contingent Promissory Notes
Below is a list of common sections included in Contingent Promissory Notes. These sections are linked to the below sample agreement for you to explore.
Promissory Note Templates
Contingent Promissory Note Sample
Reference:
Security Exchange Commission - Edgar Database, EX-10.2 5 exhibit102formofsubordinat.htm EXHIBIT 10.2, Viewed April 19, 2022, View Source on SEC.
Who Helps With Contingent Promissory Notes?
Lawyers with backgrounds working on contingent promissory notes work with clients to help. Do you need help with a contingent promissory note?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate contingent promissory notes. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
See Real Promissory Note Agreement Projects
Georgia Help Reviewing Promissory Note for Loan Review
- Georgia
- 4 lawyer bids
- $350 - $599
Texas Draft Promissory Note Template and provide consultation and review Drafting
- Texas
- 6 lawyer bids
- $440 - $1,750
California Secure Promissory Note for loans provided to Comet Skateboards, Inc Drafting
- California
- 2 lawyer bids
- $700 - $750
New Jersey Draft Promissory Note for a loan Drafting
- New Jersey
- 8 lawyer bids
- $250 - $1,200
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Meet some of our Contingent Promissory Note Lawyers
Drew B.
Drew is an entrepreneurial business attorney with over twenty years of corporate, compliance and litigation experience. Drew currently has his own firm where he focuses on providing outsourced general counsel and compliance services (including mergers & acquisitions, collections, capital raising, real estate, business litigation, commercial contracts and employment matters). Drew has deep experience counseling clients in healthcare, medical device, pharmaceuticals, information technology, manufacturing, and services.
"Hired for a settlement contract to be written out in legal manner. Ammended contract as well to add clauses that we had not written.Efficient, professional. Said the time-frame would be about 4 business days and he did deliver on that in fact worked through the weekend and mlk day. Offered one final revision as well as a call to finalize language of contract. The final document delivery was more than we expand also he went above and beyond to deliver extra documents we may need. Would highly recommend."
Jerome L.
My experience includes 25 years of phone and customer facing customer service; 5 years managing a non profit with a focus in transportation; 10 years commercial/ residential asset management; 15 years project management in logistics and transportation, property management and law office management/civil litigation; 10 years working in the legal field, to include legal practice, marketing, managing office operations, human capital, etc, 5 years as a business and legal consultant, assisting entrepreneurs with business formation, evaluating business plans, partnering them with viable resources for success; and assisting businesses owners with improving business operations, development and customer experience
"Jerome was fantastic! He is very prompt, flexible, and easy to work with. Thank you!"
Faryal A.
Ms. Ayub is an attorney licensed to practice in Texas. Before moving to the US, she has a number of years of experience in contract review, analysis and drafting. Ms. Ayub is available to help you with your legal problems, as well as filling LLC and other business entity formation documents. To know more about her practice, please visit https://ayublawfirmpllc.com/.
"I needed my Operating Agreement completed in 3 days time, and she delivered as needed."
Amber M.
Amber Masters has 11 years of experience as a contracts attorney, helping small businesses with an array of agreements, such as purchase agreements, master service agreements, and employment contracts. She has an extensive background assisting health care providers through practice transitions including dentists, doctors, and other health care professionals. She is a highly rated and acclaimed estate planning attorney and personal finance expert, who has been featured on CNBC, NBC, and Yahoo Finance. She successfully launched and sold a fintech startup and can empathize with the issues small and mid-size businesses face. Licensed in Oklahoma and Arizona.
"Amber was great to work with. Clear scope delivery on schedule and budget. Very helpful and efficient. Would highly recommend her."
Rene H.
I am an attorney licensed in both California and Mexico. I offer a unique blend of 14 years of legal expertise that bridges the gap between diverse legal landscapes. My background is enriched by significant roles as in-house counsel for global powerhouses such as Anheuser-Busch, Campari Group, and Grupo Lala, alongside contributions to Tier 1 law firms. I specialize in navigating the complexities of two pivotal areas: AI/Tech Innovation: With a profound grasp of both cutting-edge transformer models and foundational machine learning technologies, I am your go-to advisor for integrating these advancements into your business. Whether it's B2B or B2C applications, I ensure that your company harnesses the power of AI in a manner that's not only enterprise-friendly but also fully compliant with regulatory standards. Cross-Border Excellence: My expertise extends beyond borders, with over a decade of experience facilitating cross-border operations for companies in more than 20 countries. I am particularly adept at enhancing US-Mexico operations, ensuring seamless and efficient business transactions across these territories.
"Rene gets the job done in an effective and efficient manner. Rene understood the goals of the project I hired him for; delivered and reached those goals with his knowledge and experience; as well as consistently following up on time, and is pleasant to work with."
Briana C.
Legal services cost too much, and are often of low quality. I have devoted my law practice to providing the best work at the most affordable price—in everything from defending small businesses against patent trolls to advising multinational corporations on regulatory compliance to steering couples through a divorce.
"Briana was responsive and quick to put the draft together. It has been a pleasure working with her!"
Meghan P.
I am a licensed attorney and a member of the California Bar. I graduated from the University of Dayton School of Law's Program in Law and Technology. I love IP, tech transfers, licensing, and how the internet and developing technology is changing the legal landscape. I've interned at both corporations and boutique firms, and I've taken extensive specialized classes in intellectual property and technology law.
"Meghan was great to work with! She understood everything perfectly and delivered greatly."
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Browse Lawyers NowLawyer Reviews for Contingent Promissory Note Projects
Drafting a Repayment Letter for Past Due Promissory Note
"Thorough assessment of the matter and quick response."
Promissory Note Review
"Great to work with Michael - very professional and easy to work with. Highly recommend."
Review Promissory Note
"David was very informative during our initial call, and helped me understand the scope of work that my project needed depending on how many legal avenues I wanted addressed and covered. The work he provided was detailed and completed by the deadline that he provided."
JHI Promissory Note Review
"Answered all of my questions promptly - even recommended some good podcasts related to my acquisition. 10/10"
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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ContractsCounsel User
Promissory note for borrowing money
Location: Washington
Turnaround: Less than a week
Service: Drafting
Doc Type: Promissory Note Agreement
Number of Bids: 3
Bid Range: $300 - $1,200
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