(1) title
The title of IOU is generally composed of language names, that is, the word "IOU" is written in large font at the top and middle of the text. Some people write the words "temporarily owed" or "now owed" in this position as the title, but the text of this title is written in the top box of the next line.
(2) Text
The subject of the IOU should write down what the person or unit owes, what it owes and how much it owes, and indicate the repayment date.
(3) Signature
Signature should be accompanied by the name of the owed unit and the personal signature of the handler, and the personal name of the owed party should be attached to the debit note issued by the individual. Meanwhile, the date of signing the debt. Units should build official seals and individuals should build private seals.
The difference between IOUs and IOUs
1, different scope of application:
(1) IOUs are applicable to many fields and have a wide range. Including debts arising from the loan relationship, as well as debts arising from buying and selling, labor services, enterprise contracting and damages.
(2) The reasons for the formation of IOUs are relatively simple, only specific borrowing facts.
2. The applicable limitation of action is different:
If the repayment period is clearly agreed, the limitation of action shall be calculated according to the agreement, generally three years. However, if the repayment period is not clearly agreed, the statute of limitations of IOUs and IOUs are obviously different:
(1) When the debtor issues an IOU with no time limit for performance, the creditor should know that his rights have been infringed. Therefore, the obligee should claim the rights to the people's court within 3 years from the date of issuance of the iou.
(2) For the IOUs with no repayment period, the creditor may demand the debtor to perform its obligations at any time. However, it is worth noting that within 20 years after the borrower issues the iou, if the lender does not claim the right, the statute of limitations will be exceeded.