# Negotiable Instrument Agreement
**This Negotiable Instrument Agreement (“Agreement”) is made and entered into as of [Date] by and between the following parties:**
**1. Party A:**
- Name: [Full Name of Party A]
- Address: [Address of Party A]
- Contact Number: [Phone Number]
- Email: [Email Address]
**2. Party B:**
- Name: [Full Name of Party B]
- Address: [Address of Party B]
- Contact Number: [Phone Number]
- Email: [Email Address]
**RECITALS**
Whereas, Party A agrees to pay a certain amount of money to Party B as outlined in this Agreement.
Whereas, Party B agrees to accept this payment under the specified terms and conditions.
Now, therefore, in consideration of the mutual agreements and covenants contained herein, the Parties hereby agree as follows:
## 1. Description of the Negotiable Instrument
**1.1 Type of Instrument:** [Specify type e.g., Promissory Note, Bill of Exchange, etc.]
**1.2 Amount:** The total amount to be paid is [Amount in Words] ($[Amount in Numbers]).
**1.3 Issuance Date:** The instrument shall be issued on [Date].
**1.4 Maturity Date:** The instrument shall mature on [Date], and payment shall be due by this date.
## 2. Terms of Payment
**2.1 Payment Method:** Payment shall be made via [Specify Payment Method, e.g., Cash, Check, Bank Transfer, etc.].
**2.2 Interest Rate:** [If applicable, specify the interest rate or state ‘No interest shall accrue on the amount’].
**2.3 Late Payments:** Any late payment shall incur a penalty fee of [Specify Amount or Percentage] after [Number of Days] days past due.
## 3. Rights and Obligations
**3.1 Transferability:** This instrument is transferable. Party A and Party B may assign their rights under this Agreement, provided that any such assignment is documented in writing.
**3.2 Default:** In the event of default by Party A in making the payment as agreed, Party B shall have the right to pursue any legal remedies available to enforce this Agreement.
**3.3 Governing Law:** This Agreement shall be governed by the laws of the State of [Specify State/Country].
## 4. Miscellaneous
**4.1 Severability:** If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
**4.2 Entire Agreement:** This Agreement constitutes the entire understanding between the Parties with respect to the subject matter hereof and supersedes all prior negotiations, agreements, and understandings.
**4.3 Amendments:** Any amendments or modifications to this Agreement must be made in writing and signed by both Parties.
**IN WITNESS WHEREOF, the Parties hereto have executed this Negotiable Instrument Agreement on the day and year first above written.**
---
**Party A Signature:** _________________________
**Name:** [Printed Name of Party A]
**Date:** [Date]
---
**Party B Signature:** _________________________
**Name:** [Printed Name of Party B]
**Date:** [Date]
---
**Witness (if applicable):**
**Signature:** _________________________
**Name:** [Printed Name of Witness]
**Date:** [Date]
**Please Note:** This document is a template and may not be suitable for all situations. It is advisable to consult with a legal professional to ensure compliance with local laws and regulations.