Document background
The International Promissory Note is a vital financial instrument used in cross-border business transactions where one party formally promises to pay a specified sum to another. Under Dutch law, these instruments must comply with specific requirements outlined in the Burgerlijk Wetboek (Dutch Civil Code) while also accommodating international business practices. This document type is particularly useful in international trade finance, corporate lending, and structured financial transactions where a formal, transferable payment obligation is required. The International Promissory Note typically includes essential elements such as the payment amount, currency, interest terms, payment schedule, and enforcement provisions. It can be used as a standalone document or as part of a larger financing arrangement, providing a legally robust mechanism for documenting and enforcing payment obligations across jurisdictions.
