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1. Title and Date: Clear identification as a Promissory Deed (Schuldschein) with execution date
2. Parties: Full legal names and addresses of the promissor (debtor) and promissee (creditor)
3. Promise to Pay: Clear, unconditional promise to pay a specific sum (essential element under 搂780 BGB)
4. Payment Amount: Precise statement of the principal amount in numbers and words
5. Payment Terms: Due date(s), interest rate if applicable, and payment method
6. Governing Law: Explicit statement that German law governs the deed
7. Signature Block: Space for handwritten signature of the promissor (required under German law)
1. Interest Provisions: Detailed terms regarding interest calculation and payment, used when the promise includes interest payments
2. Transfer Provisions: Terms governing the transferability of the deed, included when the deed is intended to be transferable
3. Security Arrangements: Details of any collateral or security provided, included when the promise is secured
4. Default Provisions: Consequences of default and acceleration rights, included in more complex commercial arrangements
5. Tax Provisions: Allocation of tax obligations, included when relevant for commercial or cross-border transactions
6. Representations and Warranties: Added for commercial transactions to confirm capacity and authority
1. Payment Schedule: Detailed schedule of installment payments if not a single payment obligation
2. Interest Calculation Schedule: Details of interest calculation methodology if complex interest arrangements apply
3. Security Documents: Copies or details of related security documents if the promise is secured
4. Corporate Authorizations: Copies of relevant corporate approvals if the promissor is a legal entity
Banking and Financial Services
Real Estate
Commercial Lending
Private Lending
Corporate Finance
Investment Management
Construction
Manufacturing
General Commerce
Professional Services
Legal
Finance
Treasury
Compliance
Risk Management
Credit Administration
Corporate Secretariat
Investment
Business Development
Commercial Operations
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Corporate Lawyer
Compliance Officer
Credit Manager
Investment Manager
Banking Relationship Manager
Loan Officer
Contract Manager
Risk Manager
Financial Controller
Corporate Secretary
Business Development Manager
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A German law-governed financial instrument containing an unconditional promise to pay a specified sum, which can be transferred between parties and is regulated under the Wechselgesetz.
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