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	Legal - Promissory Term Note
	Rating:		Price: $5.99
	At A Glance
	This Word document is a template for a promissory term note payable over a specific time frame, with the annual interest rate on the note changing based on the prevailing Prime Rate.
	Background
	There may be infrequent situations under which an employee may ask for a company loan -- for advance tuition payments, purchase of stock, assistance with a move , etc. If your company makes the decision to assist the employee, you will want to use some form of promissory note in order to secure a promise of repayment.
	Benefits
	Using this tool, you will have a legally-binding document by which to ensure repayment of a company loan.
	Time ROI
	It takes on average 2 hours to develop a legally-binding Promissory Term Note. By using MyWorkTools.com, you will save approximately 1.5 hours and will only need to fill in the blanks with the situation-specific data.

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