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The Promissory Note Letter is a crucial financial instrument in Indonesian business practice, primarily used when one party agrees to pay another party a specific sum of money at a future date or on demand. It serves as both a formal acknowledgment of debt and a legally binding promise to repay. Governed by Indonesian law, particularly the Commercial Code (KUHD) and Civil Code (KUHPer), this document must meet specific legal requirements to be valid and enforceable. It's commonly used in various scenarios including business loans, commercial transactions, installment purchases, and debt restructuring. The document's negotiable nature means it can be transferred to third parties, making it a valuable tool in commercial financing. While simpler than a loan agreement, a Promissory Note Letter carries significant legal weight and should be carefully drafted to ensure enforceability.

1. Date and Place of Issuance: Clear statement of when and where the promissory note is issued, as required by Indonesian law

2. Unconditional Promise to Pay: Clear and explicit promise to pay a specified sum of money, using the words 'surat sanggup' or 'promissory note'

3. Payee Details: Full name and address of the person or entity to whom or to whose order the payment is to be made

4. Payment Amount: The sum to be paid, stated both in numbers and words in Indonesian Rupiah

5. Payment Terms: When the payment is due (maturity date) and whether it's payable on demand or at a fixed/determinable future time

6. Maker Details: Full name, address, and signature of the person/entity issuing the promissory note