1. Are IOUs legally binding?

1. IOUs are legally binding. Under normal circumstances, IOUs must be signed and fingerprinted, because the law stipulates that if the parties conclude a contract in the form of a contract, they must sign or seal it. If the parties fingerprint the contract, the people's court shall determine that they have the necessary signature or seal. have the same legal effect.

2. Legal basis: Article 143 of the "People's Republic of China and Civil Code"

Civil legal acts that meet the following conditions are valid:

< p>(1) The actor has the corresponding capacity for civil conduct;

(2) The expression of intention is true;

(3) It does not violate the mandatory provisions of laws and administrative regulations, and does not Violate public order and good customs.

2. The contents of the IOU should be as follows:

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

2. The full legal names of the borrower and the lender should be clearly agreed upon; The amount of the loan, including the amount in uppercase and lowercase;

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

4. The time limit of the loan should be agreed upon clearly Be clear about 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, the total amount of loan interest that should be paid in the end, etc.;

< p>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.