1. Determine who is the lender;

2. Make clear who the borrower is;

3. The amount of the loan target;

4. Term of loan;

5. Loan interest;

6. Liability for breach of contract;

7. Under the iou, there must be the signature of the borrower, that is, the debtor, and indicate the date. Signature should be signed by the borrower's full name, which is consistent with the name of the ID card. The date should be indicated below the signature, and the date must be written completely.

What is the mode of IOUs?

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Debtor: _ _ _

Creditor: _ _ _

Guarantor: _ _ _

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When the loan term expires, creditors should claim their rights in time, because the loan relationship is governed by the general limitation of two years. If the creditor fails to claim his rights within two years from the expiration of the loan period agreed in the IOU, he will lose his right to win the lawsuit and the people's court will not protect him.

What are the basic formats of IOUs? When you make an IOU, you can clearly see whether it meets the legal requirements. If the IOU does not meet the legal requirements, the creditor may require the debtor to redraft the IOU.

Legal basis: