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The Promissory Note Without Interest is a fundamental financial instrument used in the Netherlands when parties need to formalize a debt obligation without including interest charges. This document is particularly useful in situations involving straightforward monetary loans between parties who wish to maintain a simple repayment structure, such as family loans, business advances, or settlement agreements. The note must comply with Dutch civil law requirements and typically includes the principal amount, payment terms, and parties' details. While simpler than a full loan agreement, it still provides legal protection for both the maker and payee. The absence of interest makes it suitable for various situations, including Shariah-compliant transactions or arrangements where parties specifically want to avoid interest charges. The document can be used in both personal and business contexts, requiring careful attention to Dutch legal requirements for debt instruments.

1. Identification of Parties: Full legal names and addresses of the maker (promisor) and payee (promisee)

2. Promise to Pay: Clear and unconditional promise to pay a specific sum of money

3. Principal Amount: The exact amount of money being promised, stated in numbers and words

4. Payment Terms: Specific date or dates when payment is due, including whether it's a lump sum or installments

5. Place of Payment: Where and how the payment should be made, including any bank account details

6. Governing Law: Statement that the note is governed by Dutch law

7. Signature Block: Space for date and signatures of all parties