Lastly, both parties would sign the letter.
Make sure to specify whether you borrowed a product or money. Lastly the date, month and year when the document was signed is mentioned. An IOU letter is a succinct, petite form of a promissory note.
Place your arguments on displaying the legal document before the court by the debtor.
Reading some of these templates will help you enhance your ideas of writing a standard IOU contract. Why is it important to write an IOU letter? It will be easy to prove that a verbal agreement took place 4.
The next line mentions the date, month and year of the event. Find and read some IOU templates from the internet and use them as a reference to create a simple iou form.