NEGOTIABLE INSTRUMENTS - Legal Drafting in English

Download 16+ Negotiable Instruments legal templates in English including bill of exchange, promissory note formats, endorsements, and loan repayment documents.

Quick Overview

The Negotiable Instruments collection offers 16 ready-to-use legal templates in English for creating bills of exchange, promissory notes, endorsements, and related acknowledgments. It covers various types such as payable after date, after sight, on demand, with multiple payees, or with consideration details. Joint and several promissory note formats, instalment-based repayment notes, and receipts of consideration are also included. These templates comply with the Negotiable Instruments Act, 1881, making them suitable for businesses, banks, lenders, and individuals engaged in credit or payment transactions.

All templates are provided for reference and should be reviewed by legal professionals before use.

FAQs

What is a negotiable instrument?

A negotiable instrument is a written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

What is a bill of exchange?

A bill of exchange is a written, unconditional order directing one party to pay a fixed amount to another party on demand or at a predetermined date.

Difference between 'payable after date' and 'payable after sight'?

‘Payable after date’ is due after a specified number of days from the date of the bill, while ‘payable after sight’ is due after a specified number of days from the date the bill is presented for acceptance.

What is a promissory note?

A promissory note is a written unconditional promise by one party to pay a specific sum of money to another, either on demand or at a set future date.

What is a joint promissory note?

A joint promissory note is signed by two or more parties jointly agreeing to repay a debt as per the terms.

What does 'general endorsement' mean?

A general endorsement is an endorsement signed by the payee without specifying a new endorsee, making the instrument payable to whoever holds it.

Is registration required for a promissory note?

No, registration is not required, but promissory notes must be stamped according to applicable stamp duty laws.

What is a receipt of consideration of a promissory note?

It is a written acknowledgment that the lender has received the agreed consideration (loan amount) for which the promissory note is issued.

Are foreign bills of exchange governed by Indian law?

If payable or enforced in India, they are subject to the Negotiable Instruments Act, 1881, and Indian contract laws.

Who can use these templates?

Businesses, banks, lenders, finance companies, lawyers, and individuals issuing or accepting negotiable instruments.