The IOUs typed online should include the following contents: the basic identity information of creditors and debtors; The amount, currency and time of arrears; Reasons for arrears; Repayment time, repayment interest and repayment method; And the signatures of the parties concerned.

legal ground

Article 667 of the Civil Code is a loan contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest. Article 668 of the Civil Code provides that a loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.