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1. Document Title (Eigenwechsel/Promissory Note): Clear identification of the document as a promissory note
2. Promise to Pay: Unconditional promise to pay a specific sum (must include the word 'Wechsel' in the text and be written in the same language as the rest of the note)
3. Payment Amount: The sum to be paid, written in both numbers and words
4. Due Date: Specific date when the payment is to be made
5. Place of Payment: Location where the payment is to be made
6. Name of Payee: Person or entity to whom payment is to be made
7. Date and Place of Issue: When and where the promissory note was created
8. Maker's Details and Signature: Full name, address, and signature of the person making the promise
1. Guarantor Section: Used when a third party guarantees the payment (Aval)
2. Transfer Restrictions: Optional clause restricting transferability of the note, if desired
3. Place of Jurisdiction: Optional specification of jurisdiction for disputes, if different from statutory provisions
4. Reference to Underlying Transaction: Brief reference to the underlying transaction, though care must be taken not to make the promise conditional
1. Payment Schedule: If the payment is to be made in installments (though this must not affect the unconditional nature of the primary promise)
2. Underlying Agreement: Separate document detailing the relationship between the parties and circumstances leading to the promissory note
3. Identity Documentation: Copies of identification documents of the maker and payee for verification purposes
4. Corporate Authorization: If the maker is a company, documentation proving the signatory's authority to issue the promissory note on behalf of the company
Banking and Financial Services
Real Estate
Construction
Manufacturing
Retail
Professional Services
Family Business
Small and Medium Enterprises
Agriculture
Import/Export
Private Lending
Legal
Finance
Treasury
Credit Control
Accounts Receivable
Risk Management
Corporate Secretariat
Debt Collection
Commercial Operations
Chief Financial Officer
Finance Director
Treasury Manager
Accounts Receivable Manager
Credit Controller
Legal Counsel
Corporate Lawyer
Financial Controller
Business Owner
Managing Director
Debt Collection Officer
Risk Manager
Company Secretary
Finance Manager
Private Banking 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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