1. How to write an effective IOU format

1. The format of an IOU must meet the requirements for validity, which are:

(1) When entering into an IOU Both parties must have corresponding civil capacity;

(2) The content of the IOU must express the true intentions of both parties;

(3) The IOU entered into does not violate the law , mandatory provisions of administrative regulations, and do not violate social order and good customs.

2. Legal basis: Article 143 of the "People's Republic of China and Civil Code"

Civil legal acts that meet the following conditions are valid:

< p>(1) The actor has the corresponding capacity for civil conduct;

(2) The expression of intention is true;

(3) It does not violate the mandatory provisions of laws and administrative regulations, and does not Violate public order and good customs.

2. What is the format of IOU

IOU

Lender (Party A): ____________

Borrower (Party B): ____________

Party A and B have reached the following agreement on the basis of equality, free will and friendly negotiation:

1. Party B will borrow RMB ____________ yuan from Party A.

2. The loan period is years, starting from ___month___ day of ______ year and ending on ___month___ day of ______ year.

3. When the loan period expires, Party B promises to return the loan, otherwise it is willing to bear all legal liabilities.

4. Party A will deliver the loan to Party B within two days after signing this agreement.

5. If Party A fails to deliver the money to Party B on time or Party B fails to repay the money on time, the defaulting party shall pay liquidated damages of __________ yuan to the non-defaulting party.

6. This agreement is made in ______ copies and shall take effect on the date when Party A and Party B sign and stamp it with their official seal (the official seal of the company). Party A and Party B each hold one copy as proof.

Party A: _______________ Party B: ____________

Signed: ______year___month___day