Puerto Rico Security Agreement between Jon H. Rowberry and Franklin Covey Company

• Category: Corporations - Public - Security
• State: Multi-State
• Control #: US-EG-9055
• Format: Word; Rich Text

Description

Security Agreement between Jon H. Rowberry and Franklin Covey Company dated September 23, 1999. 3 pages Puerto Rico Security Agreement between Jon H. Row berry and Franklin Covey Company is a legally binding contract that establishes the terms and conditions governing the security interests held by Franklin Covey Company over certain assets belonging to Jon H. Row berry in Puerto Rico. This agreement is designed to safeguard the interests of Franklin Covey Company in case of default or non-performance by Jon H. Row berry. The Puerto Rico Security Agreement stipulates the specific assets that will serve as collateral for the security interest, which may include real estate properties, personal belongings, equipment, inventory, accounts receivable, or any other valuable assets owned by Jon H. Row berry. These assets provide a means for Franklin Covey Company to recover its investment in case of default. The agreement outlines the responsibilities and obligations of both parties, including the maintenance and insurance requirements for the collateral, the procedure for handling any potential changes, and the circumstances under which Franklin Covey Company may exercise its rights as a secured party. Furthermore, the Puerto Rico Security Agreement may also include provisions related to interest rates, repayment terms, and the consequences of default. This ensures clarity and transparency between Jon H. Row berry and Franklin Covey Company regarding the financial obligations involved in the agreement. Different types of Puerto Rico Security Agreement between Jon H. Row berry and Franklin Covey Company may include variations in the specific assets used as collateral, the duration of the agreement, or the presence of additional guarantees or covenants. For instance, there could be agreements specific to intellectual property assets, such as patents or trademarks, or agreements relating to specific business transactions or loans. Overall, the Puerto Rico Security Agreement between Jon H. Row berry and Franklin Covey Company serves as a vital legal instrument protecting the interests of Franklin Covey Company while ensuring that Jon H. Row berry understands his obligations and responsibilities. This agreement serves as a safety net and a means of recourse in case of any unforeseen circumstances.

Puerto Rico Security Agreement between Jon H. Row berry and Franklin Covey Company is a legally binding contract that establishes the terms and conditions governing the security interests held by Franklin Covey Company over certain assets belonging to Jon H. Row berry in Puerto Rico. This agreement is designed to safeguard the interests of Franklin Covey Company in case of default or non-performance by Jon H. Row berry. The Puerto Rico Security Agreement stipulates the specific assets that will serve as collateral for the security interest, which may include real estate properties, personal belongings, equipment, inventory, accounts receivable, or any other valuable assets owned by Jon H. Row berry. These assets provide a means for Franklin Covey Company to recover its investment in case of default. The agreement outlines the responsibilities and obligations of both parties, including the maintenance and insurance requirements for the collateral, the procedure for handling any potential changes, and the circumstances under which Franklin Covey Company may exercise its rights as a secured party. Furthermore, the Puerto Rico Security Agreement may also include provisions related to interest rates, repayment terms, and the consequences of default. This ensures clarity and transparency between Jon H. Row berry and Franklin Covey Company regarding the financial obligations involved in the agreement. Different types of Puerto Rico Security Agreement between Jon H. Row berry and Franklin Covey Company may include variations in the specific assets used as collateral, the duration of the agreement, or the presence of additional guarantees or covenants. For instance, there could be agreements specific to intellectual property assets, such as patents or trademarks, or agreements relating to specific business transactions or loans. Overall, the Puerto Rico Security Agreement between Jon H. Row berry and Franklin Covey Company serves as a vital legal instrument protecting the interests of Franklin Covey Company while ensuring that Jon H. Row berry understands his obligations and responsibilities. This agreement serves as a safety net and a means of recourse in case of any unforeseen circumstances.