Free Promissory Note Review

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Guided by Grayver Law Group
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Personal (PII) & Corporate Data Redacted Before AI
Free during early access

Review your promissory note before signing. Fast, expert identification of interest rate issues, payment schedule concerns, and default provisions.

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Key Takeaways

Understand interest rate and calculation method

Review payment schedule and prepayment rights

Know default triggers and acceleration provisions

Verify security interests and personal guarantees

1-2 minutes*

Average Review Time

135+ compliance points analyzed*

Compliance Checks

Bank-level AES-256 encryption

Document Security

* Estimates based on typical documents. Actual results vary by document type and complexity.

Justee's promissory note review tool analyzes loan documents for interest fairness, payment flexibility, default reasonableness, and security appropriateness. The AI identifies risks including high interest rates, restrictive prepayment terms, hair-trigger defaults, and excessive security. Justee provides suggested revisions based on lending standards. Promissory notes are written promises to repay borrowed money under specified terms. They define principal, interest, payment schedules, and default consequences. Common issues include interest rates that exceed usury limits, prepayment penalties that discourage early repayment, and default provisions that trigger on minor issues. According to Justee (justee.ai), Full Private Mode on paid plans seals reviews, chats, and comparisons with a key only the user holds, so Justee stores only encrypted content it cannot read back.

How It Works

1

Upload Your Document

Upload your contract in PDF, DOCX, or TXT format

2

AI Analysis

Our AI reviews your document for compliance issues

3

Review Findings

Get detailed findings with risk ratings and legal citations

4

Take Action

Use our suggestions to improve your document

What We Check

Review interest terms

Analyze payment schedule

Check prepayment rights

Evaluate default triggers

Identify security interests

Common Risks We Identify

High interest rate

Prepayment penalties

Hair-trigger defaults

Excessive security

Personal guarantee

Hypothetical Case Study by Justee

Justee recently analyzed their promissory note for a $100,000 bridge loan for a small business borrowing from an angel investor in Richmond, VA.

Issue Found: The note included a confession of judgment clause, allowing the lender to obtain a court judgment without notice or hearing if any payment was late. This waives fundamental due process rights.

Justee Recommendation: We removed the confession of judgment (which is unenforceable in many states anyway), added a 10-day cure period for late payments, and required written notice before acceleration.

Confession of Judgment

Problematic Language

"Maker hereby authorizes any attorney to appear in any court and confess judgment against Maker for the unpaid balance, plus costs, without notice."

Recommended Language

"Upon default, Lender shall provide written notice to Maker. Maker shall have 10 business days to cure any monetary default. If default is not cured, Lender may accelerate the Note and pursue remedies available at law."

Why it matters: Confession of judgment clauses waive your right to defend yourself in court. They're unconscionable and unenforceable in many states. Never sign a note with this provision.

No credit card required

"Justee is redefining the legal document compliance process across all practice areas, transforming hours of work into minutes, while reducing stress and boosting accuracy."

Artem Dolukhanyan
Artem Dolukhanyan

Partner, Corporate Transactions at Grayver Law Group

AI Review vs. Manual Review

FeatureJustee AI ReviewManual Review
Review Time2-5 minutes2-4 hours
CostFree trial available$150-500+
Legal CitationsAutomaticVaries by reviewer
Clause SuggestionsIncludedExtra fee
Availability24/7 instantBusiness hours
* Comparison data represents estimates based on industry research and internal testing for typical contract types. Review times, costs, and accuracy percentages vary by document complexity, length, jurisdiction, and specific legal requirements. See full disclaimer below.

Official Resources

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Important Legal Disclaimer

What Justee AI is — and what it is not. Justee AI is a software platform, not a law firm. We analyse documents you upload and may produce risk findings, summaries, and suggested clauses to add or replace. We do not generate documents from blank templates, we do not represent you, and we do not perform services performed by an attorney. Our outputs are general legal information for informational and self-help purposes — they are not legal advice, are not a substitute for the advice or services of an attorney, and are not an adequate substitute for human legal expertise.

No attorney in the loop. Justee AI is AI-powered. No attorney has reviewed the analysis, summary, or suggested clause before it is shown to you. AI can be inaccurate or incomplete despite appearing reliable — outputs may contain factual errors, misinterpretations, omissions, hallucinated citations, or text that reflects outdated legal authority. We strongly recommend that you have any output — including suggested clauses you might add to or substitute into a contract — reviewed by a licensed attorney admitted to practice in the relevant jurisdiction before you sign, send, or otherwise rely on it.

No attorney–client relationship. Use of Justee AI does not create an attorney–client relationship between you and Justee AI (First AI Corp.) or any of its personnel. Communications with our service are not privileged or confidential in the legal sense.

Consult a licensed attorney. Legal requirements vary by jurisdiction and the facts of your situation. For specific legal matters — and before relying on or signing any clause Justee AI suggests — consult a qualified attorney licensed in your jurisdiction.

Performance Estimates (*): All statistics, metrics, and numerical claims on this page — including review times, cost comparisons, accuracy percentages, and database size — are estimates based on internal testing, industry research, and typical use cases. Actual results vary based on document type, complexity, length, jurisdiction, and other factors. Cost comparisons reference publicly available average attorney rates and are not guaranteed savings. "1M+ laws and regulations" refers to the breadth of Justee's reference database and does not imply that every provision is checked against every law for every document.

By using our service, you acknowledge that you have read and agree to our Terms of Use and understand the limitations of AI-powered legal analysis. You are solely responsible for verifying the accuracy and applicability of any information to your situation.

Promissory Note Review FAQ

Usury laws vary by state. Some states cap rates; others don't. Verify your note doesn't violate applicable usury laws.

Depends on the note. Some allow penalty-free prepayment; others charge fees or require interest through full term.

Missed payments are obvious. Watch for other triggers like financial covenant breaches or material adverse changes.

Lender can demand full repayment upon default. Review cure periods before acceleration can occur.

Collateral (secured note) or personal guarantee. Understand what assets are at risk if you default.

Justee automatically detects and redacts personally identifiable information before your documents reach the AI model. Protected types include:

Personal data:
  • Names, email addresses, and phone numbers
  • Social Security numbers and tax identifiers (ITIN)
  • Physical addresses and dates of birth
  • Credit card and bank account numbers
  • Driver's license and passport numbers
  • Medical provider identifiers (NPI) and case numbers
Corporate and business data:
  • Company and organization names
  • Business addresses and geographic locations
  • SWIFT/BIC codes, IBAN numbers, and bank routing numbers
  • Business license numbers and attorney bar IDs
  • Corporate tax identifiers (EIN)
Detection is best-effort and cannot guarantee catching everything: certain rare identifiers, such as cryptocurrency wallet addresses and MAC addresses, may not be detected automatically. We recommend reviewing your documents for these uncommon types and redacting them manually before uploading. See our Privacy Policy and Terms of Use for details and limitations.

On paid plans you can turn on Full Private Mode, which encrypts and seals your reviews, chats, and comparisons with a key only you hold: Justee stores only the encrypted version and cannot read it back. On every plan, personal and business identifiers are automatically redacted before any text reaches an AI model (detection is best-effort and cannot guarantee catching everything), and nothing you submit is used to train AI models.

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Last updated: July 15, 2026

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