The Florida Security Agreement between Jon H. Row berry and Franklin Covey Company is a legally binding document that outlines the terms and conditions for securing a loan or credit extended by Franklin Covey Company to Jon H. Row berry. This agreement serves as a safeguard for Franklin Covey Company, ensuring that it has a legal claim to valuable assets in the event that Jon H. Row berry defaults on the loan. Keywords: Florida Security Agreement, Jon H. Row berry, Franklin Covey Company, loan, credit, terms and conditions, safeguard, valuable assets, default. There are different types of Florida Security Agreements that can be established between Jon H. Row berry and Franklin Covey Company, depending on the specific circumstances and assets involved. Some of these variations may include: 1. Real Estate Security Agreement: This type of agreement involves using real estate properties owned by Jon H. Row berry as collateral for the loan. It grants Franklin Covey Company a legal interest in the property, allowing them to seize and sell it to recover the outstanding debt in case of default. 2. Personal Property Security Agreement: In this scenario, personal assets such as vehicles, equipment, or valuable possessions owned by Jon H. Row berry are pledged as collateral. This agreement enables Franklin Covey Company to claim and sell these assets to recoup the loan amount if default occurs. 3. Accounts Receivable Security Agreement: If Jon H. Row berry operates a business, this agreement allows Franklin Covey Company to secure the loan by placing a lien on Jon H. Row berry's accounts receivable. This means that any outstanding invoices owed to Jon H. Row berry by his customers will be redirected to Franklin Covey Company until the debt is repaid. 4. Stock or Shares Security Agreement: If Jon H. Row berry holds stock or shares in a company, this agreement provides Franklin Covey Company with a security interest in those shares. If the loan is not repaid, Franklin Covey Company may exercise its right to sell the stock or shares to recover the outstanding debt. It is essential for both parties involved to thoroughly review and understand the specific Florida Security Agreement that best suits their circumstances, ensuring that all relevant details and terms are accurately recorded and properly enforced.
Florida Security Agreement between Jon H. Rowberry and Franklin Covey Company
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How to fill out Florida Security Agreement Between Jon H. Rowberry And Franklin Covey Company?
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