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    Promissory Note for Asset Purchase or Rollover | Canada


    Secure the balance payable to the vendor under an asset purchase or rollover agreement with this Promissory Note form for Canadian businesses.

    • No interest will accrue on the principal balance prior to default or maturity.
    • The full amount outstanding will become due and payable on demand if the purchaser declares bankruptcy, ceases to do business, or otherwise defaults under the terms of the Note.
    • The balance may be totally or partially prepaid without bonus or penalty.
    • This is a Canadian legal form available in MS Word format.
    Download Type: Microsoft Word
    Last Updated: 23-April-2021
    SKU: 1078
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