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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.
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.
Meet some of our Contingent Promissory Note Lawyers
Linda W.
o Experience includes meeting with clients, numerous court appearances and mediations concluded with successful settlements. Exceptional communication skills both oral and written. Available to travel…. Flexible schedule. A general practice with emphasis in contracts of any nature, landlord/tenant/ real estate, leases, prenuptial and antenuptial agreements, wills and trusts, collections, business..... * In addition, Florida Real Estate License with extensive experience in this area as well. • o Skills: Legal Matters · Legal Practice · Interpersonal Skills · Employment Contracts · Time Management · Mediation · Legal Document Preparation · Commercial Contracts · Writing · Dispute Resolution · Attention to Detail · Real Estate · Contract Negotiation · Due Diligence · Breach of Contract · Analytical Skills
Frank V.
Navy veteran with 14 years experience practicing law in Chicago.
August 16, 2023
Ashley M.
Trial attorney. Specializing in drafting and arguing complex criminal pretrial and contemporaneous motions. Former Public Defender. Cum Laude graduate of the University of Miami School of Law. Research assistant for multiple professors in the areas of Title IX defense, post-conviction litigation, reproductive healthcare rights, and the constitutionality of affirmative defenses. Trial Team Captain, Pro-Bono Challenge award recipient, Litigation Skills Book Award and Scholarship recipient, HOPE Public Interest Scholarship recipient. Cum Laude graduate of New York University with a focus on classical theatre text and performance.
August 18, 2023
Nicole G.
Legal and compliance professional with expertise in commercial transactions, government contracting, corporate governance, and nonprofits.
August 18, 2023
Michael D.
Primary areas of expertise are in providing solutions to folks in financial distress. Best suited for those tasks where out-of-the-box performance is expected and needed.
August 19, 2023
Richard P.
I’m passionate about IP, AI, privacy and business. Learning to code. Book some time to discuss how I can add value to your project. Hablo Español y português.
August 21, 2023
Brad T.
William Bradley Thomas, or Brad, is a seasoned attorney in South Carolina, offering expert counsel to both emerging and established businesses and individuals. His specialties encompass alcohol licensure, asset protection, business law, Counsel on Call Concierge Legal Service™, estate planning, NFA firearms trusts, legal research, and document review. Brad’s unique approach is informed by his rich experience and diverse background. Not only is he a devoted father to three daughters (Anna, Kate, and Jessica), but he also served as the assistant Oconee County, South Carolina attorney. A pioneer in the local industry, he co-founded Carolina Bauernhaus Brewery & Winery, the state’s first farmhouse brewery and winery. His other roles have included membership in the South Carolina Bar Association’s House of Delegates, a board member of the South Carolina Brewers Guild, and an affiliate member of the same organization. Moreover, Brad is a certified Design for Six Sigma (DFSS) Green Belt and has accumulated over a decade’s worth of experience conducting onsite audits and financial analyses on domestic and international secured credit transactions, totaling over $5 Billion across diverse industries. With such a comprehensive skill set, Brad can provide sound legal and business advice that can help you manage and expand your business operations effectively. He can assist with selecting and establishing the most appropriate legal entity for your company, securing and retaining federal and South Carolina alcohol licensure, securing company incentives, and drafting, reviewing, and negotiating favorable contracts. All these services are designed to minimize risk and maximize both earnings and tax savings. Brad also offers estate planning services. Recognizing that life’s ups and downs can sometimes distract from ensuring that your loved ones are well taken care of, Brad applies the same legal and business fundamentals to his estate planning practice. These services include the preparation of wills, NFA firearms trusts (gun trusts), power of attorneys, and advance directives. So when your day at the office is over, you can relax, knowing that your business is running smoothly and your family’s future is secure, thanks to a tailored estate plan. If you’re seeking a trusted ally to guide you in business and personal legal matters, contact Brad Thomas at bthomas@scattorneysatlaw.com or review his firms website at www.scattorneysatlaw.com and discover how he can help you confidently navigate and enjoy all aspects of your life!
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