Question: My friend lent me 200,000 yuan to do business. Wrote an IOU. But my name is not written on it. Everything else is available. Excuse me, does this IOU have legal effect? Lawyer Qin: It has legal effect. Lawyer Pan: It has legal effect, but it's better to save trouble. In daily life, it is inevitable that someone will borrow money from others or others will borrow money from you. At this time, it is best to write an IOU. How should I write an IOU? In order to avoid disputes as much as possible, the IOUs should be written as follows: first, find a piece of paper with good quality and thickness (easy to save) and should be complete. In this case, someone sued with an iou written on half a piece of paper, and the other party claimed how much money he had paid back. The plaintiff indicated in the lower part of the paper, resulting in a dispute. The borrower, currency, loan amount (just in case) and purpose (not used for illegal activities, such as knowing that the other party is borrowing money for illegal activities, such creditor's rights are not protected by law. ), interest rate (unlike interest, x% interest rate is the annual interest rate and x‰ interest rate is the monthly interest rate. The agreed interest rate is protected by law within 4 times of the bank's loan interest rate for the same period, and some of them are not protected by law. ), repayment time (the starting time that affects the limitation of action), borrower (the borrower and the borrower's name should be the same as the name on my resident ID card), and borrowing time (lunar or solar calendar).