How do I create an IOU?
An example of an AI chatbot conversation about creating an IOU document.
How do I create an IOU?
Creating an IOU is simple! Start by writing 'IOU' at the top of the document. Then include the amount owed, the date, and the names of both parties.
What details should I include in the IOU?
You should include the amount, the date it was issued, the names of the lender and borrower, and any repayment terms.
Do I need to sign it?
Yes, both parties should sign the IOU to make it legally binding. It's also a good idea to have a witness.
Can I create an IOU for a service instead of money?
Absolutely! You can create an IOU for services rendered, just specify the service and its value in the document.
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