The correct way to write IOUs is:

1. The legal full names of borrowers and lenders should be clearly written, and it is best to attach ID numbers;

2. The loan amount should be clearly written, including the amount expressed in words and figures;

3. The term of the loan should be clearly written, including the start and end dates of the loan and a clear loan term;

4. The loan interest should be clearly written, with a clear annual or monthly interest rate, the total amount of loan interest that should be paid in the end (including the amount expressed in words and figures) and the payment method;

5. The date, month, day, time and payment method of repayment of loan principal and interest shall be stated;

6. There should be the borrower's personal signature, handprint or handwritten signature.

7. If the amount is large, the loan purpose or payment record shall also be indicated.

Second, what is the legal effect of IOUs?

An IOU is a written document indicating the relationship between creditor's rights and debts, which is generally written and signed by the debtor, indicating that the debtor has owed the creditor the amount indicated in the IOU. An iou refers to a bill written to the other party when borrowing personal or public cash or goods, that is, an iou. After the money and goods are returned, the bill is revoked or torn by the bill holder. This is a document. Usually used in daily life and business management. From a legal point of view, an IOU is a written document showing the relationship between creditor's rights and debts, which is generally written and signed by the debtor, indicating that the debtor has owed the creditor the amount indicated on the IOU. When writing an IOU, the borrower, the date of borrowing, the date of repayment, the borrower's signature, the amount of borrowing, the reason for borrowing, etc. And there must be no mistakes in capital figures. Besides, you should pay attention to the following five points:

1. It's best to attach the ID numbers of the lender and the borrower in the debit note to avoid unnecessary disputes.

2. When the borrower signs, the lender must see his signature with his own eyes to prevent the borrower from signing with others, and finally refuse to recognize the IOU.

3. The borrower must be the borrower, not the lender, otherwise the borrower will argue that the content is not the original.

4. Try to avoid using different languages. Simple and semantically simple IOUs are the most standard IOUs. Avoid vague language like "A borrows money from B", because it is easy to tell who is the lender and who is the borrower.

The name should be written as IOU, not IOU. Their legal meanings are quite different. IOUs are valid for 20 years and IOUs for 2 years.

As for the writing of IOUs, it is only valid if both parties reach an agreement through consultation and sign voluntarily. It is clearly stipulated in the law that if one party makes the other party sign an IOU by threats or coercion, the IOU is invalid, and the specific circumstances can be determined in combination with the actual borrowing behavior.

legal ground

Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases

Article 2 When a lender brings a private lending lawsuit to a people's court, it shall provide creditor's rights certificates such as IOUs, receipts, IOUs and other evidence that can prove the existence of a legal relationship between lending and borrowing.

If the creditor's rights certificate such as IOUs, receipts and IOUs held by the parties does not specify the creditor, and the party holding the creditor's rights certificate brings a private lending lawsuit, the people's court shall accept it. The defendant raised a factual defense against the plaintiff's creditor qualification, and the people's court ruled that the plaintiff did not have the creditor qualification after examination and dismissed the prosecution.