@david We dont have a stock one (yet) for PACT. If you shoot me an email to redacted I can give you a copy of the forgiveable sellers note I used in one of my SBA backed deals.

Seller’s notes are usually handled by an attorney because they’re legal loan agreements between a buyer and a seller, and getting them right matters more than people think. If you’re only looking for an example to see how they’re structured, you can take a look at some sample clauses here: (redacted. You’ll notice the usual ingredients like interest, repayment terms, and what happens if things go sideways, but remember that’s just the skeleton. When it comes to a real deal, having a lawyer draft the document is the safest way to make sure both sides are protected and nobody ends up with nasty surprises.