Promissory Note/Interest Note

So you want to borrow some money. Or someone wants to borrow some from you. Sometimes a handshake alone just won’t cut it. When the lender wants to put it on paper and create terms for the loan, they create a Promissory Note—often referred to as a ‘note.’ How do you define this document? A Promissory Note is a written promise by a person to pay a specific amount of money, or principle to another usually to include a specified amount of interest on the unpaid principal amount. A schedule for repayment may be specified with a variety of different terms. A promissory note may contain other terms, such as a penalty for late payments or a provision for attorney’s fees and costs if there is a legal action to collect. The promissory note is usually held by the party to whom the money is owed. There are legal limitations to the amount of interest which may be charged. When the amount due on the note, including interest and penalties (if any), is paid, the note must be cancelled and surrendered to the person(s) who signed it. At Quick Law Docs, creating a Promissory Note is easy and convenient.

Before creating your Promissory Note, be sure to have the following:

- Amount of the loan
- Specific terms of the loan, including a payment schedule
- Established interest rate

Source: http://www.quicklawdocs.com/blog/promissory-noteinterest-note/

Assignment of Contract

Let’s say Joe has an organic produce delivery service. He delivers fresh fruits and vegetables to his clients every week. Suddenly, his wife gets transferred to a different city. He decides to sell his route to Dave who’s been looking for this type of business. Before Dave takes it over, they need to make it official. They decide to sign an Assignment of Contract to ensure that the agreement is in everyone’s best interest. An Assignment of Contract is useful when someone commits to a contract, and then their situation changes. Now they want to assign the obligations and benefits of that contract to someone else. To cement this deal—and protect both parties and their customers the way Joe and Dave did—an Assignment of Contract should be official. If you find yourself in this type of situation, Quick Law Docs is the perfect place to start.

Get Started Now

Before creating your Assignment of Contract, be sure to think through/research the following:

- Be sure there’s no anti-assignment clause in your contract.

- Check to see what your liability is. Some contracts will not release you from liability until the end of the contract—even if it is assigned to another party.

- Be sure the Assignee isn’t going to alter the product for which your clients originally contracted.

- Make a plan for how customers will be notified.

Source: http://www.quicklawdocs.com/blog/assignment-of-contract/

Advance Healthcare Directive


Life is full of curveballs. When you receive one you need to be ready to hit it out of the park. Health is a
value we all take for granted. What do we do when we cannot mentally or physically make our own decisions in this regard? Due to a new federal law dealing with disclosure to third parties (including spouses, children, dogs, cats etc.), hospitals and doctors cannot take direction or instruction from any individual without proper written authorization. This new law is called HIPPA and it makes it illegal for any health care provider to take any direction from one other than the patient without proper written authorization. Here at Quicklawdocs.com, we provide an answer. That answer is called an Advance Health Care Directive.

An Advance Health Care Directive, also known as living will, personal directive, advance directive, or advance decision, is a set of written instructions that a person gives that specify what actions should be taken for their health if they are no longer (physically or mentally) able to make decisions due to illness or incapacity. The instruction appoints someone, usually called an agent or a proxy, to make such decisions on their behalf.

As we all know, the last person you as the patient wants to make life altering or life saving decisions for your health would be a doctor you are unfamiliar with or a hospital employee. They are not familiar with your religious beliefs, needs and desires and may make a decision that impacts your life in a very permanent way.

An Advance Health Care Directive is a tool that can be used to alleviate this burden. It is a document that gives someone who you trust to act accordingly. When properly executed, it is the one tool that allows your own personal wishes to be implemented in your care and recovery plan.

Life prolonging procedures, invasive medical procedures or even simple treatment is not so simple to some and people maintain very strong beliefs that will be ignored if not but for this document. However, once this document is properly formed and signed, it is irrefutable evidence of the patient’s wishes and desires and must be followed by the medical personnel handling your care.

Don’t wait until it is too late. Prepare your Advance Health Care Directive today. Visit Quicklawdocs.com and for the $49.99 give you and your loved ones something priceless. Peace of mind

Power of Attorney


What do you do when you need something important taken care of but are not available to do it yourself? You are on vacation, out of town or simply unavailable? A simple answer would be to appoint another person (your agent) to act for you (the principal)? The legal name for this type of document is a Power of Attorney. A Power of Attorney is a very useful tool. When choosing your agent (the person who is to act for you) you must be very careful that this person is one that you trust to take care for your needs when you cannot.


A POWER OF ATTORNEY (POA) is a written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter. The person authorizing the other to act is the principal, grantor, or donor (of the power). The one authorized to act is the agent or attorney or, in some jurisdictions, the attorney-in-fact.
It is important to be prepared for life’s unexpected events. A Power of Attorney is a useful tool to allow someone who you trust to act for you in various scenarios. When preparing a Power of Attorney, it is extremely important to know what you wish the Power to be used for and what limits you are putting on your agent’s use of those powers.. There are many different types of Power of Attorney either specific in nature or more general. Which one do I choose?

GENERAL POWER OF ATTORNEY
A general Power of Attorney will include powers established by the Principal to give the agent the right to act for the principal in the situations that the principal (you) cannot so act. These powers may include among others real property, banking, investing and bill paying authority.

SPECIFIC POWER OF ATTORNEY
A specific Power of Attorney allows an agent to act for a principal in a specific instance or event. The document must specifically address the area in which the power is to be used and must specifically exclude all other scenarios. This is very prevalent in real estate transactions wherein a principal gives power to an agent to act in furtherance of that specific real estate transaction. Specificity must include the legal description of the property and the enumerated powers granted by the principal.

DURABLE VS. NON DURABLE
Do I use a Durable Power of Attorney or a Non Durable Power of Attorney?
The issue of durability is extremely important. Durability is defined as the ability to endure. Practically, it means that the Power of Attorney will survive the incompetence of the principal. If the principal is under a disability (either physical or mental) after the execution of the Power of Attorney, such disability will not render said Power of Attorney useless. It will still retain all it’s powers and useability throughout the period of disability suffered by the principal.
A Non Durable Power of Attorney would be useless if in the event the Principal became disabled (mentally or physically) if said disability occurred after the execution of the Power of Attorney
A Power of Attorney is a very useful and helpful tool. However it must be used carefully and powers granted to only those in an extremely trustful relationship with the Principal.

At QUICKLAWDOCS.COM we offer you all the different types of Powers of Attorney necessary for your needs. Armed with the proper information and choosing wisely, it will serve you well to accomplish your needs.

Source:- http://www.quicklawdocs.com/blog/power-of-attorney/

Notice To Pay Rent

Being a landlord is a wonderful thing—if you have good tenants. But what do you do if you have a tenant who won’t pay their rent? First you’ll probably get angry, frustrated and annoyed. When you calm down, it’s time to provide them with a Notice to Pay Rent or Three Day Notice. This form gives tenants formal notice that they haven’t paid rent, while laying out the consequences of continuing not to pay. In most states, a Notice to Pay Rent or Vacate the Premises given by a landlord to a tenant gives the tenant three days to pay or get out.

 When you serve the notice and the tenant fails to pay or vacate within three days, you then have the basis for a lawsuit for eviction for unpaid rent and can seek a court judgment ordering the tenant to leave. No more Mr. or Mrs. Nice Guy. When you need to follow through with a tenant who won’t pay up, get a Notice to Pay Rent today at Quick Law Docs.

Source:- http://www.quicklawdocs.com/blog/notice-to-pay-rent/

Powered by Blogger.