Basic objective of this article is to write a form of Promissory Note. A promissory note form is often a legal written promise to repay a loan or debts under specific terms. This is generally upon demand or with a stated time, through specified variety of installments. The pros and cons of writing a promissory note versus purchasing a professionally drafted attorney ready promissory note online cheaper than ten dollars. This article briefly analysis two questions based on Promissory Note: how to write a Promissory Note and pitfalls to avoid.