October 20, 2021

Pagares in Mexico

Pagarés: Rules You Need to Know Now for Valid Promissory Notes in Mexico.

Summary: Creditors who extend credit and loans require reliable and cost-effective security devices to protect them against non-payment. The pagare in Mexico is a convenient tool. Therefore, this article explains: 1) the rules that affect international promissory notes to be enforced in Mexico; 2) the laws that govern pagarés in Mexico; 3) the basic drafting of pagarés in Mexico; and 4) issues to consider before executing pagarés to be enforced in Mexico.