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The Demand Promissory Note is a crucial financial instrument in UAE business operations, commonly used to secure financial obligations and facilitate commercial transactions. This document type is specifically regulated under UAE Federal Law No. 18 of 1993 (Commercial Transactions Law) and must contain certain mandatory elements to be valid. A Demand Promissory Note is particularly useful in situations requiring immediate payment upon presentation, offering creditors a strong legal position due to its status as a negotiable instrument. It's frequently used in banking transactions, business loans, real estate dealings, and commercial arrangements where a party needs to document a clear, unconditional promise to pay. The document's enforceability through summary execution procedures in UAE courts makes it a preferred choice for securing financial commitments in various business contexts.

1. Title: Clear identification as 'Demand Promissory Note'

2. Date and Place: Date of execution and place where the promissory note is drawn

3. Promise to Pay: Unconditional promise to pay a determinate sum of money

4. Payment Amount: The sum payable in both numbers and words

5. Beneficiary Details: Full name and details of the party to whom or to whose order payment is to be made

6. Maker Details: Full name and details of the person who makes the promise (the maker/issuer)

7. Signature Block: Space for maker's signature and official stamp if applicable