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What's an unsecured demand promissory note?
A promissory note is an agreement to pay back a loan. Unsecured means that the loan is not guaranteed by security or collateral. The "demand" part means that it is payable on demand. In other words, when the lender asks for the money back. So this agreement clarifies to both parties how and when the borrower is going to pay the money back to the lender.
Who it's coming from
Determine if a business or individual is sending the doc and have the name and contact info ready.
Who it's going to
Know who this doc is going to and have the individual or business name and contact infoready. If it's a business, make sure you know the business type (LLC, corporation, etc.).
Which state will govern it
Specify a state so it's clear what laws apply to the document.
Have a summary of the general nature of the loan ready (e.g., the loan amount, and the rate of interest, if any).
Understand the effective dates of the loan.