Electronic IOUs have legal effect. The premise is that both parties acknowledge the existence of a lending relationship before the court can determine that the online IOU is valid. Under normal circumstances, if the IOU signed is an electronic IOU, it will also have legal effect at this time. However, both parties must admit that there is a loan relationship before the online IOU can be deemed to be valid. Otherwise, it is best to make it in writing. sign.

A standardized IOU should have the following contents:

1. The full legal names of the borrower and the lender should be stipulated clearly;

2. The loan should be stipulated clearly Amount, including the amount in uppercase and lowercase;

3. The loan time period should be clearly agreed, including the start and end date of the loan and the clear loan period;

4. The loan period should be clearly agreed The specific year, month and day of repayment;

5. The interest on the loan should be clearly agreed, and there should be a clear annual interest rate or monthly interest rate, and the total amount of loan interest that should be paid in the end;

6. The year, month, day, time and method of payment for the repayment of the principal and interest of the loan should be clearly agreed upon;

7. The borrower should personally sign, handprint or hand-write the signature.

"People's Republic of China and Civil Code"

Article 465: A contract established in accordance with the law shall be protected by law. A contract established in accordance with the law is only legally binding on the parties, unless otherwise provided by law.

Article 466: If the parties have a dispute over their understanding of a contract term, the meaning of the disputed term shall be determined in accordance with the provisions of paragraph 1 of Article 142 of this Law.

If the contract text is concluded in two or more languages ??and agreed to have equal validity, the words and phrases used in each text are presumed to have the same meaning. If the words and phrases used in each text are inconsistent, they shall be interpreted in accordance with the relevant terms, nature, purpose, and the principle of good faith of the contract.

Article 470: The content of a contract shall be agreed upon by the parties and generally includes the following provisions:

(1) Name and address of the parties;

(2) Target;

(3) Quantity;

(4) Quality;

(5) Price or remuneration;

(6) Time limit, place and method of performance;

(7) Liability for breach of contract;

(8) Methods of resolving disputes.

The parties may conclude a contract by referring to the model texts of various types of contracts.

Article 490: If the parties conclude a contract in the form of a contract, the contract shall be established when both parties sign, seal or fingerprint. Before signing, sealing or fingerprinting, one party has performed its main obligations and the contract is established when the other party accepts it.

Laws and administrative regulations or the parties agree that a contract should be concluded in writing. If the parties do not use writing but one party has performed its main obligations and the other party accepts it, the contract is established.