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A Simple Promissory Note (Schuldschein) is a fundamental debt instrument used in German legal and business practice when one party needs to formally document a promise to pay a sum of money to another party. This document is particularly useful in situations involving loans, deferred payments, or debt acknowledgments. The Simple Promissory Note must comply with German Civil Code (BGB) requirements, particularly §780, which governs abstract promises to pay. It typically includes essential information such as the parties' details, the promised amount, payment terms, and any applicable interest rates. While primarily used in commercial contexts, it can also serve in private lending situations. The document's simplicity and legal recognition make it a valuable tool for documenting financial obligations in a clear, enforceable manner under German law.

1. Date and Place of Execution: The date and location where the promissory note is executed, essential for legal validity

2. Parties Information: Full legal names and addresses of both the promisor (issuer) and promisee (payee)

3. Promise to Pay: Clear and unconditional promise to pay, specifying the exact amount in numbers and words

4. Payment Terms: Due date, currency, and method of payment

5. Interest Rate: If applicable, the agreed interest rate and calculation method

6. Signatures: Formal signature block with full names of signing parties