Create & Manage
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AI Document Creation
Create polished, ready-to-send documents with AI in seconds
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AI Data Extraction
Extract key information from documents quickly and accurately
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Drag & Drop Agreement Builder
Build professional agreements quickly with an intuitive drag-and-drop editor
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Custom Branding & Themes
Customize agreements with your brand, colors, logos, and themes
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Content Locking
Lock approved content to prevent unwanted edits or changes
Send & Automate
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Signing Order Workflow
Set the signing sequence and keep every agreement moving
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Signature Request
Send secure signature requests and collect approvals with ease
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Document Workflow Automations
Automate repetitive document tasks and keep workflows moving
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Bulk Send
Send documents to multiple recipients at once and save valuable time
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Collect Payment
Collect payments directly from agreements for a faster process
Manage & Track
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Audit Trail & Version History
Track every document change, action, and version in one place
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Team Workspace Collaboration
Collaborate on agreements with your team from one shared workspace
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Search & Filter Agreements
Find the right agreement instantly with smart search and filters
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Agreement Activity Tracking
See who opened, viewed, signed, or updated every agreement
By Business Need
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Sales Agreements
Close deals faster with streamlined sales agreements and digital signatures
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HR Documents
Simplify employee documents, onboarding forms, and HR workflows
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Legal Agreements
Create, manage, and sign legal agreements with confidence and ease
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Vendor Agreements
Manage vendor contracts, approvals, and signatures in one simple workflow.
By Industry
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Healthcare
Simplify healthcare agreements, approvals, and signatures with secure digital workflows
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Real Estate
Move property deals forward with faster agreements, approvals, and digital signatures
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Financial Services
Streamline financial agreements, approvals, and signatures with secure digital workflows
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Insurance
Simplify insurance documents, approvals, and signatures with faster digital workflows
By Business Type
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Small Business
Simplify agreements and signatures with easy workflows built for growing businesses
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Startups
Move faster with flexible agreement workflows designed for growing startup teams
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Enterprise
Scale agreement workflows with secure, efficient tools built for enterprise teams
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Agencies
Manage client agreements, approvals, and signatures without slowing down your projects
IOU Debt Acknowledgement
An IOU Template helps you record money that one person owes to another in a simple, written form. Use this free, ready-to-edit document to add the amount owed, the date, the repayment terms, and both signatures. Fill in the details, download, and sign it in minutes.
IOU Template to Record Money You Owe or Are Owed
An IOU, short for "I owe you," is a simple written note that shows one person owes money to another. It states the amount owed, the names of both people, the date, and, if needed, when the money will be paid back. It works for personal loans, money lent to friends or family, small business debts, and unpaid bills. Without a written record, it is easy to forget the amount or the due date, and disagreements can quickly hurt relationships.
Benefits of Using a Ready-Made Template Instead of Writing One Yourself
Writing an IOU from scratch may seem easy, but it is common to miss key details like the exact amount, the repayment date, or signatures. These gaps can make it hard to prove the debt later. A ready-made IOU Template already includes all the key sections in simple language, so you only add your own details and sign.
Who Can Use This IOU Template
This template is useful for individuals, friends, family members, small business owners, freelancers, and landlords who lend or borrow money. It is also helpful for anyone who wants a quick and simple record of a small debt without hiring a lawyer. You do not need legal knowledge to use it, and it helps keep money matters clear and fair.
How to Fill Out and Use This IOU Correctly
Start by adding the date and the full names of the borrower and the lender. Write the exact amount owed in both numbers and words. Add the reason for the debt, if you wish, and the date when the money will be repaid. If the money will be paid in parts, list the payment plan. Mention any interest or late fees, if they apply. Both parties should read it carefully, sign and date it, and keep a copy.
How to Use Agreed Templates
Start With the Template
Open the Product Agreement Template in your Agreed workspace and begin with a ready-to-use agreement structure.
Customize Agreement Details
Add or edit product details, responsibilities, pricing, deliverables, timelines, and other terms to match your agreement needs.
Review, Sign & Manage
Send the agreement for review and approval, collect signatures, and manage the completed agreement securely in Agreed.
Frequently Asked Questions.
Everything you need to know about Agreed. Can't find what you're looking for?
It should include the names of both people, the amount owed, the date, the repayment date or plan, and the signature of the person who owes the money. Adding the lender's signature is also helpful.
In many places, a signed IOU can be used as proof that a debt exists. However, it is not as detailed as a loan contract. For large amounts, a promissory note or loan agreement is safer. Check your local rules for details.
An IOU simply admits that money is owed. A promissory note is more detailed and includes a clear promise to repay, with terms like the interest rate, due dates, and what happens if payment is missed.
Usually, no. A signed IOU is often enough for small debts. For larger amounts, adding a witness or notarizing the document gives extra proof and protection.
Related templates
See More
Letter of Explanation
A Letter of Explanation Template helps you clearly explain a gap, error, or unusual item in your records to a lender, employer, school, or government office. Use this free, ready-to-edit letter to share the facts, give your reason, and attach proof. Fill in the details, download, and sign it in minutes.
Letter of Intent to Sue
A Letter of Intent to Sue Template helps you formally warn another person or business that you plan to take legal action if a problem is not fixed. Use this free, ready-to-edit letter to describe the dispute, state what you want, and set a clear deadline. Fill in the details, download, and sign it in minutes.
Settlement Demand Letter
A Settlement Demand Letter Template helps you formally ask another party to settle a dispute by paying a set amount or taking a specific action. Use this free, ready-to-edit letter to describe the issue, state your settlement terms, and set a clear deadline. Fill in the details, download, and sign it in minutes.
Notice of Default
A Notice of Default Template helps lenders, landlords, and businesses formally tell a borrower or party that they have failed to meet the terms of an agreement. Use this free, ready-to-edit notice to describe the default, state the amount or action needed, and set a clear deadline to fix it. Fill in the details, download, and sign it in minutes.
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