You should be extremely careful when opting for Free Legal Forms. These forms may be worthwhile if they are offered by reputed law firms or other authentic organizations, because they contain clarifications about their limitations. But going blindly for them just because they are freely available may cost you dearly later on.
You need to ensure that the form that you use is accurate and up-to-date. It should be safe and functional with regard to the objective for which you are using it. The suppliers of these forms usually absolve themselves of their legal obligations if their forms defeat their purpose or even land you in trouble. So you may be left facing consequences, which otherwise you could have avoided had you been careful while choosing the right form in the first place.
Legal concepts keep on evolving and changing with the passage of time. Therefore, it is essential to see the relevance of the forms at a given time and place. The format and provisions in the form should reflect the latest legal positions prevailing at the time of their use. You may be residing in Washington and may be required to fill a form in California. You must be aware that the laws may differ from state to state.
There are innumerable websites offering a huge variety of Legal Forms on every conceivable subject, which can be downloaded by a click of the mouse. However, you should be careful before using them. You must read the instructions and thoroughly understand their legal implications. There may be many words, phrases and sentences written in thin lines with serious legal meanings in them. Skipping them can lead to severe legal hassles.
It is, therefore advisable to understand the instructions and consult your friends and other knowledgeable or legal authorities before signing and submitting Free Legal Forms.
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Question by thicks901: Anyone know where I can get free forms online?Free legal forms for promissary notes?
Igive loans sometimes to friends and family and would like to be able to draw up a legal installment promissary form. Are there any free places online where I can find these?
Answer by fdm215
You are better off not using a generic form which may include language that isn’t correct for your state. Instead, create a basic form of your own. You need to include all relevant terms, ie what is the agreement.
For example, a simple document that lays out the borrower, lender, amount, date of loan, repayment terms (dates, installments, etc) and what will happen if the loan isn’t repaid by a particular date.
The lender and the borrower(s) should sign and date the document. All parties should receive a copy of the signed document. This will be sufficient documentation to prove the terms of the loan should you ever have to sue for repayment.
Know better? Leave your own answer in the comments!
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A few legal forms free products I can recommend:
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Astoria, NY (PRWEB) June 19, 2012
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