Phoenix Arizona Security Agreement between Jon H. Rowberry and Franklin Covey Company

• Category: Corporations - Public - Security
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Security Agreement between Jon H. Row berry and Franklin Covey Company is a legally binding document that establishes the terms and conditions related to security interests in certain assets to secure an obligation. The agreement outlines the rights and responsibilities of both parties regarding the collateral provided by Jon H. Row berry to Franklin Covey Company. This content provides a detailed description of the agreement and mentions different types of Phoenix Arizona Security Agreement between the two parties. Keywords: Phoenix Arizona Security Agreement, Jon H. Row berry, Franklin Covey Company, legally binding document, security interests, collateral, rights, responsibilities, obligation. A Phoenix Arizona Security Agreement between Jon H. Row berry and Franklin Covey Company is a crucial document designed to secure an obligation or debt that exists between the two parties. This agreement ensures that Franklin Covey Company has a legal right to certain assets pledged by Jon H. Row berry in case of default or non-payment. The agreement defines the collateral provided by Jon H. Row berry, which may include tangible assets such as real estate properties, vehicles, equipment, inventory, or intangible assets like accounts receivable, intellectual property, or patents. These assets act as security for the fulfillment of the obligation owed to Franklin Covey Company. In the Phoenix Arizona Security Agreement, Jon H. Row berry grants Franklin Covey Company a security interest in the collateral mentioned. This means that Franklin Covey Company has the right to take possession of the collateral or sell it to recover any outstanding debt in the event of default. Apart from outlining the security interests and collateral, the agreement also includes provisions on the registration and perfection of the security interest. Typically, it requires Jon H. Row berry to formally submit the agreement to the appropriate government agency in Phoenix, Arizona, to legally establish the security interest and ensure priority over other creditors. Furthermore, the agreement specifies the obligations and responsibilities of both parties. Jon H. Row berry is obligated to maintain the collateral's value, keep it insured, and refrain from disposing of or encumbering it without Franklin Covey Company's consent. On the other hand, Franklin Covey Company is responsible for treating the collateral with reasonable care and not misusing it. Different types of Phoenix Arizona Security Agreements that may exist between Jon H. Row berry and Franklin Covey Company could include specific agreements for different types of collateral. For instance, there could be separate agreements for real estate, vehicles, or intellectual property. Each agreement would outline the particular asset being pledged and the specific terms related to it. In conclusion, a Phoenix Arizona Security Agreement between Jon H. Row berry and Franklin Covey Company is a legally binding document that establishes and protects the security interests of Franklin Covey Company in specific collateral provided by Jon H. Row berry. It outlines the rights and responsibilities of both parties and ensures that in case of default, Franklin Covey Company has the legal authority to recoup any outstanding debt by possessing or selling the collateral. Different types of Phoenix Arizona Security Agreements may exist for various types of collateral, each specifying its terms and conditions.

Phoenix Arizona Security Agreement between Jon H. Row berry and Franklin Covey Company is a legally binding document that establishes the terms and conditions related to security interests in certain assets to secure an obligation. The agreement outlines the rights and responsibilities of both parties regarding the collateral provided by Jon H. Row berry to Franklin Covey Company. This content provides a detailed description of the agreement and mentions different types of Phoenix Arizona Security Agreement between the two parties. Keywords: Phoenix Arizona Security Agreement, Jon H. Row berry, Franklin Covey Company, legally binding document, security interests, collateral, rights, responsibilities, obligation. A Phoenix Arizona Security Agreement between Jon H. Row berry and Franklin Covey Company is a crucial document designed to secure an obligation or debt that exists between the two parties. This agreement ensures that Franklin Covey Company has a legal right to certain assets pledged by Jon H. Row berry in case of default or non-payment. The agreement defines the collateral provided by Jon H. Row berry, which may include tangible assets such as real estate properties, vehicles, equipment, inventory, or intangible assets like accounts receivable, intellectual property, or patents. These assets act as security for the fulfillment of the obligation owed to Franklin Covey Company. In the Phoenix Arizona Security Agreement, Jon H. Row berry grants Franklin Covey Company a security interest in the collateral mentioned. This means that Franklin Covey Company has the right to take possession of the collateral or sell it to recover any outstanding debt in the event of default. Apart from outlining the security interests and collateral, the agreement also includes provisions on the registration and perfection of the security interest. Typically, it requires Jon H. Row berry to formally submit the agreement to the appropriate government agency in Phoenix, Arizona, to legally establish the security interest and ensure priority over other creditors. Furthermore, the agreement specifies the obligations and responsibilities of both parties. Jon H. Row berry is obligated to maintain the collateral's value, keep it insured, and refrain from disposing of or encumbering it without Franklin Covey Company's consent. On the other hand, Franklin Covey Company is responsible for treating the collateral with reasonable care and not misusing it. Different types of Phoenix Arizona Security Agreements that may exist between Jon H. Row berry and Franklin Covey Company could include specific agreements for different types of collateral. For instance, there could be separate agreements for real estate, vehicles, or intellectual property. Each agreement would outline the particular asset being pledged and the specific terms related to it. In conclusion, a Phoenix Arizona Security Agreement between Jon H. Row berry and Franklin Covey Company is a legally binding document that establishes and protects the security interests of Franklin Covey Company in specific collateral provided by Jon H. Row berry. It outlines the rights and responsibilities of both parties and ensures that in case of default, Franklin Covey Company has the legal authority to recoup any outstanding debt by possessing or selling the collateral. Different types of Phoenix Arizona Security Agreements may exist for various types of collateral, each specifying its terms and conditions.