Release Of Promissory Note

• Category: Corporations - Public - Security
• State: Multi-State
• County: Mecklenburg
• 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 A Mecklenburg North Carolina Security Agreement is a legally binding contract that outlines the terms and conditions of the security interest granted by Jon H. Row berry to Franklin Covey Company. This agreement ensures that Franklin Covey Company has a security interest in a specific property or asset owned by Jon H. Row berry to secure repayment or performance of an obligation, typically a loan or a credit facility. The agreement will typically contain key details such as the names of the parties involved, a description of the collateral or property being used as security, and the terms and conditions under which the security interest will be enforced. Additionally, it will outline the rights and obligations of both parties in case of default or breach of the agreement. There can be different types of Mecklenburg North Carolina Security Agreements, each tailored to the specific requirements or circumstances of the agreement. Some common variations may include: 1. Real Estate Security Agreement: This type of security agreement is used when the collateral offered as security is real property or land. It would include details about the parcel of land, its location, description, and any encumbrances or liens. 2. Chattel Security Agreement: In cases where the collateral is personal property, such as equipment, inventory, or accounts receivable, a chattel security agreement is used. This type of agreement would detail the specific items of personal property and their location. 3. Vehicle Security Agreement: When a vehicle is used as collateral, such as a car or a truck, a vehicle security agreement is employed. This agreement would specify the make, model, and identification number of the vehicle, as well as the terms surrounding its use and possession. 4. Intellectual Property Security Agreement: In situations where the collateral involves intellectual property rights, such as patents, copyrights, or trademarks, an intellectual property security agreement is drafted. This agreement would outline the specific intellectual property being used as security and the registration details of such property. It is important to note that the above examples are not an exhaustive list, as security agreements can be customized to suit various types of collateral. The terms and conditions within a Mecklenburg North Carolina Security Agreement are crucial to protecting the interests of both parties involved and ensuring a smooth and fair resolution in the event of default or breach of contract.

A Mecklenburg North Carolina Security Agreement is a legally binding contract that outlines the terms and conditions of the security interest granted by Jon H. Row berry to Franklin Covey Company. This agreement ensures that Franklin Covey Company has a security interest in a specific property or asset owned by Jon H. Row berry to secure repayment or performance of an obligation, typically a loan or a credit facility. The agreement will typically contain key details such as the names of the parties involved, a description of the collateral or property being used as security, and the terms and conditions under which the security interest will be enforced. Additionally, it will outline the rights and obligations of both parties in case of default or breach of the agreement. There can be different types of Mecklenburg North Carolina Security Agreements, each tailored to the specific requirements or circumstances of the agreement. Some common variations may include: 1. Real Estate Security Agreement: This type of security agreement is used when the collateral offered as security is real property or land. It would include details about the parcel of land, its location, description, and any encumbrances or liens. 2. Chattel Security Agreement: In cases where the collateral is personal property, such as equipment, inventory, or accounts receivable, a chattel security agreement is used. This type of agreement would detail the specific items of personal property and their location. 3. Vehicle Security Agreement: When a vehicle is used as collateral, such as a car or a truck, a vehicle security agreement is employed. This agreement would specify the make, model, and identification number of the vehicle, as well as the terms surrounding its use and possession. 4. Intellectual Property Security Agreement: In situations where the collateral involves intellectual property rights, such as patents, copyrights, or trademarks, an intellectual property security agreement is drafted. This agreement would outline the specific intellectual property being used as security and the registration details of such property. It is important to note that the above examples are not an exhaustive list, as security agreements can be customized to suit various types of collateral. The terms and conditions within a Mecklenburg North Carolina Security Agreement are crucial to protecting the interests of both parties involved and ensuring a smooth and fair resolution in the event of default or breach of contract.