Nassau New York Security Agreement between Jon H. Rowberry and Franklin Covey Company

• Category: Corporations - Public - Security
• State: Multi-State
• County: Nassau
• 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

Nassau New York Security Agreement is a legal document entered into by Jon H. Row berry and Franklin Covey Company to establish a security interest in certain assets to secure the repayment of a debt or performance of an obligation. This agreement is governed by the laws of the state of New York and specifically pertains to transactions occurring within Nassau County. The purpose of this security agreement is to protect the rights and interests of Franklin Covey Company, as the creditor, by securing the collateral pledged by Jon H. Row berry, as the debtor. The agreement outlines the specific terms and conditions relating to the collateral, including its nature, value, and the rights of the parties involved. By entering into this agreement, Jon H. Row berry grants a security interest to Franklin Covey Company in the described collateral, which may include assets such as real estate, personal property, inventory, accounts receivable, intellectual property, or any other valuable asset. This security interest acts as a guarantee to Franklin Covey Company on the repayment of a loan or fulfillment of other obligations. The agreement includes provisions for the perfection of the security interest, ensuring that it is valid and enforceable against third parties. This may involve filing appropriate financing statements with the Nassau County Clerk's office to provide notice of the creditor's security interest. Furthermore, the agreement outlines the rights and obligations of both parties in the event of default or breach of the underlying debt or obligation. It details the procedures for remedies available to the creditor, such as repossession and sale of the collateral to recover the outstanding debt. Different types of Nassau New York Security Agreements between Jon H. Row berry and Franklin Covey Company may include: 1. Real Estate Security Agreement: Pertains to the security interest in real property pledged by Jon H. Row berry to Franklin Covey Company. This type of agreement may require additional documentation, such as a mortgage or deed of trust. 2. Accounts Receivable Security Agreement: Establishes a security interest in the accounts receivable of Jon H. Row berry's business, providing collateral for the debt owed to Franklin Covey Company. 3. Intellectual Property Security Agreement: In cases where Jon H. Row berry possesses valuable intellectual property rights, this type of agreement grants a security interest in those rights to Franklin Covey Company. It's important for both parties to carefully review and understand the terms and provisions of the Nassau New York Security Agreement, seeking legal advice if necessary, to ensure their rights and obligations are adequately protected.