The Washington Security Agreement between Jon H. Row berry and Franklin Covey Company is a legal contract that outlines the terms and conditions related to security interests in Washington state. This agreement ensures that Franklin Covey Company has the right to claim certain assets of Jon H. Row berry in case of default or non-payment. Keywords: Washington Security Agreement, Jon H. Row berry, Franklin Covey Company, legal contract, security interests, assets, default, non-payment. Types of Washington Security Agreement between Jon H. Row berry and Franklin Covey Company: 1. General Washington Security Agreement: This type of agreement includes a comprehensive coverage of all the assets owned by Jon H. Row berry, ensuring that Franklin Covey Company can claim any of these assets as security in case of any breach of the agreement. 2. Specific Washington Security Agreement: In specific cases, a more targeted agreement may be drafted. This agreement will specifically outline certain assets of Jon H. Row berry that are being used as collateral to secure the obligations owed to Franklin Covey Company. This type of agreement provides clarity on which assets are covered and can be claimed in case of default. 3. Floating Washington Security Agreement: This agreement is commonly used when Jon H. Row berry possesses a large and fluctuating inventory of goods, such as in a business setting. Here, the security interest "floats" over the assets, enabling Franklin Covey Company to claim assets that may change over time, as long as they fall within the defined parameters outlined in the agreement. 4. Personal Property Washington Security Agreement: This type of agreement primarily focuses on securing the personal property of Jon H. Row berry. It includes assets like vehicles, machinery, furniture, and any other moveable objects of value. This agreement provides specific details regarding the security interests held by Franklin Covey Company in these assets. 5. Real Estate Washington Security Agreement: When Jon H. Row berry owns real estate properties, a separate agreement may be established to outline the security interests of Franklin Covey Company on those specific properties. This agreement may include provisions related to mortgages, liens, and other encumbrances on the property. The Washington Security Agreement between Jon H. Row berry and Franklin Covey Company serves as a vital document to protect the lender's interests and ensure compliance with the laws of Washington state. It establishes a clear understanding of the security interests held by Franklin Covey Company and ensures that they have the legal right to claim certain assets if the agreement terms are violated.
Washington Security Agreement between Jon H. Rowberry and Franklin Covey Company
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