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The Simple Note Payable Agreement is a fundamental financial instrument used in the Netherlands for documenting straightforward lending arrangements. This document type is particularly useful for business loans, personal loans, or inter-company financing where a formal record of debt is required but a more complex loan agreement would be excessive. The agreement must comply with Dutch Civil Code requirements regarding financial obligations and contract formation. It typically includes the principal amount, interest rate, payment schedule, and default provisions. While simpler than a full loan agreement, a Simple Note Payable Agreement still provides legal protection for both lender and borrower, making it suitable for both commercial and private lending scenarios. The document's straightforward nature makes it particularly popular among small to medium-sized businesses and for personal lending arrangements, while still being robust enough for larger commercial transactions.

1. Parties: Identification of the Lender and Borrower with full legal names and addresses

2. Background: Brief context of the loan arrangement and purpose

3. Definitions: Key terms used in the agreement including 'Principal Sum', 'Interest Rate', 'Maturity Date'

4. Loan Amount and Interest: Specification of the principal amount, interest rate, and calculation method

5. Payment Terms: Details of payment schedule, including due dates and payment methods

6. Prepayment: Terms and conditions for early repayment of the loan

7. Events of Default: Circumstances that constitute default and consequences

8. Notices: How and where formal communications between parties should be sent

9. Governing Law: Specification of Dutch law as governing law and jurisdiction

10. Execution: Signature blocks and date of agreement