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The Non-Negotiable Promissory Note is a crucial financial instrument in UAE business operations, particularly when parties wish to document a debt obligation while ensuring it remains between the original parties. This document type is commonly used in various commercial contexts, including business loans, installment purchases, and debt restructuring arrangements. The non-negotiable nature distinguishes it from standard promissory notes by explicitly preventing transfer or negotiation to third parties. Under UAE law, specifically the Commercial Transactions Law (Federal Law No. 18 of 1993), these instruments must contain certain essential elements to be legally valid, including an unconditional promise to pay, specified amount, payment date, and place of payment. The document provides creditors with a strong legal position for enforcement while offering debtors a clear record of their payment obligations.

1. Title and Date: Clear identification as a Non-Negotiable Promissory Note and date of execution

2. Promise to Pay: Unconditional promise to pay a specific sum of money, including the exact amount in numbers and words

3. Maker Details: Full legal name, address, and identification details of the person/entity making the promise to pay

4. Payee Details: Full legal name, address, and identification details of the person/entity to whom payment is to be made

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

6. Place of Payment: Specific location or method where/how payment should be made

7. Non-Negotiability Statement: Clear statement that the instrument is non-negotiable and cannot be transferred

8. Governing Law: Statement that the note is governed by UAE law

9. Signature Block: Space for maker's signature, with witness provisions if required