When creating a promissory note, the following information should be included: 1. Names and Contact Information: The full legal names, addresses, and contact information (phone numbers, email addresses) of both the lender (also known as the payee) and the borrower (also known as the maker). 2. Date: The date on which the promissory note is being created. 3. Principal Amount: The amount of money being borrowed, known as the principal or the face value. 4. Interest Rate: If applicable, the interest rate at which the borrowed amount will accrue interest. This can be specified as a fixed rate or a variable rate, depending on the agreements made between the parties. 5. Due Date: The date by which the borrower must repay the entire borrowed amount, including any accrued interest. 6. Payment Terms: The terms of repayment, including the frequency of payments (e.g., monthly, quarterly, annually), the amount of each payment, and the method of payment (e.g., checks, electronic transfer). 7. Late Fees and Penalties: Any charges or penalties to be assessed if the borrower fails to make timely payments or defaults on the loan. 8. Collateral: If the promissory note is secured by collateral, such as property or assets, it should be clearly mentioned. In such cases, additional information about the collateral should be included, like a description of the collateral, its estimated value, and any agreements related to it. 9. Governing Law: The jurisdiction or state under which the promissory note is governed and will be interpreted in case of any disputes. 10. Signatures: The promissory note should be signed by both the lender and the borrower, along with the date of signing. Ideally, it should also include the signatures of witness(es) to validate the agreement. It is important to note that the above information may vary depending on the specific jurisdiction or legal requirements. It is advisable to consult with a legal professional to ensure compliance with local laws and regulations.