A friend offered to loan me $5000 and I need to find information on how to write a simple contract with all necessary information. What's a good source?
Thanks

Here's a sample:

Free Installment Promissory Note

Also here's a tongue-in-cheek example contract, which will require heavy editing, but has a lot of good elements;

Ready to Ruin a Friendship? We've Got a Loan Contract for You at SmartMoney.com

Hello!
Tell, please, as you know, that the today's economy is not good. Any way to do money quickly? In do a possible thing, happen. We, 5 friends, money of need as quickly cash loan $180.000.00 in the American dollars, on the security of an apartment or without maintenance without the mortgage and without guarantors. We assure you, that it not swindle. We shall pay to you interests, we shall negotiate to make the agreement through the information-866-971-4850Чтобы to divide the loan to us. It is a guarantee us to demand, quickly to exchange for money, to make it. I look any variants, on your conditions and what are necessary documents? Then please tell to us, that to you the best interest rate as I assure you 100 %-s' success
Yours faithfully and in advance I thank Ненадz
Email; [email protected]

That's about as believable as the Nigerian scam.

Quote:

---

Originally Posted by morgaine300

That's about as believable as the Nigerian scam.

---

I think you're insulting Nigerian scams -- which despite their poor english are usually understandable, and contain only two or three typos!

Lol!

Since you are such good friends you can just draw a simple contract with details such as repayment amount and payoff date . Then take it to have it notorized then it will be perfectly legal...