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Summary: Many
occasions arise in which an employee needs to borrow money from their employer.
This employee promissory note formalizes the arrangement in which money is
loaned to an employee for any length of time. Formalizing the arrangement in an
employee promissory note makes sure that proper accounting for the loan takes
place and provides the lender with proof of the loan should any recourse against
the borrower become necessary.
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Save 1 to 2 hours over preparing this document
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