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PROMISSORY NOTE THIS PROMISSORY NOTE CONTAINS an ARBITRATION PROVISION Gbs Form

PROMISSORY NOTE THIS PROMISSORY NOTE CONTAINS an ARBITRATION PROVISION Gbs Form

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usually if somebody doesn't pay you money that they owe you then you have to sue them and that will cost typically thousands of dollars it will take months if not over a year Well a great way to address this is to ask for a promissory note with a confession of judgment if they sign a promissory note and a confession of judgment then assuming it's written this way if they don't make the payments on time instead of having to sue them you can simply take that confession of judgment to the courthouse record it and you don't have to sue them you're essentially getting the Judgment as long as you can demonstrate they didn't pay on time this is incredibly powerful when you're lending money or when you're agreeing to different payment terms than you originally agreed because you're saving the time and money of having to sue somebody who owes you in exchange for accepting their payment terms

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