Terms to be used in promissory note

ajaya kumar tata (Querist) 09 July 2014 This query is : Resolved
Hi Sir, I had worked in a private real estate company and the proprietor of the company is due the 7 months salary to me, and now he is telling he will write promissory note for the equivalent amount.

Can we take promissory note for that amount
due?

If yes what shall be the terms or wordings used in the promissory note?

Please guide me in this issue.

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Sudhir Kumar, Advocate (Expert) 12 July 2014
the same details which are entred in cheuqe.

who is promising?
whom he is promising?
how much amount he is promising?
On which date the payment will be due?

Further

who are witnesses (sound persons of your trust) who will come to court if you file a case?

why the payment is due?
when the agreement is being signed?
how much interest will be payable on principle?
how much stamp duty is being paid?

Sudhir Kumar, Advocate (Expert) 12 July 2014
This pronote business is 90/80 year old affair. When only selected elites had Bank accounts.

In case he is signing anything else than PDC his intention is not to pay and he is sure he knows how not to pay despite pronote?

real estate dealer ke pas aap jaise chhatison goomte hain.

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