Legal analysis

In general, the contract only needs to be signed by both parties, and there is no need for a third party to witness or notarize it. However, the lawyer's witness or notarization by notary office can help the parties to improve the contract content and avoid or reduce contract disputes. Just look at the content, nature and legal provisions of the contract. If it is not illegal, the signature of both parties will have legal effect. However, if the contract involves any agreement that violates the law, the contract is invalid. As a form of evidence, IOUs only need to meet the following points to take effect; 1, the debit note was written by the debtor himself. 2. At least one witness has no interest in both parties to the debt.

3. If the conditions do not allow, no one can prove it, but professional handwriting identification by the judicial department is needed. 4. The content of the loan does not violate the law. 5. Write down the amount owed, when to pay it back, and the calculation of interest. 6. Both parties to the debt sign and make a commitment. Last but not least, keep the IOUs and make sure that they are complete and identifiable. According to relevant regulations, the parties have corresponding capacity for civil rights and capacity for civil conduct, and enjoy the right to voluntarily conclude a contract according to law. The content of the contract does not violate the law, and there is no situation in which the contract is deemed invalid according to law. The contract is legal and valid.

legal ground

People's Republic of China (PRC) Civil Code

Article 490 Where the parties conclude a contract in the form of a contract, the contract is formed when the parties sign, seal or fingerprint it. Before signing, sealing or fingerprinting, one party has fulfilled its main obligations, and the contract is established when the other party accepts it. A contract shall be concluded in written form as stipulated by laws, administrative regulations or agreed by the parties. If the parties do not do this in writing, but one party has fulfilled its main obligations and the other party accepts it, the contract is established.

Article 143 A civil juristic act that meets the following conditions is valid: (1) The actor has corresponding capacity for civil conduct; (2) the meaning is true; (three) does not violate the mandatory provisions of laws and administrative regulations, and does not violate public order and good customs.