I made up a contract and signed it with a person. They borrowed money from me. I stated how much is owed, a certain date to pay and if they do not contact me telling me they need an extension then I can use the contract legally in court. I put exactly what was owed to me. We both signed it, dated it, put our ssn on it. Will this hold up in court?

Yes your contract will hold up in court.

Tick

So tell us more, why are you wodering, have they refused to pay by the due date

So tell us more, why are you wodering, have they refused to pay by the due date

I know they won't. It is for 4500.00 and they haven't started paying yet. I am giving them until 4/1/2012 to pay with 60 advance notice if they can't come up with the full amount to let me know. I put in there that I can use the contract legally in court.

They also have an additional 90 days to pay and then I go to court. I put it in there to be considerate.

Someone told me I might have to get it noterized to be legal... is this true? I live in IN if this helps