The Wake North Carolina Security Agreement between Jon H. Row berry and Franklin Covey Company is a legally binding agreement that outlines the terms and conditions regarding the security interest held by Franklin Covey Company on certain assets owned by Jon H. Row berry in Wake County, North Carolina. This agreement aims to protect Franklin Covey Company's financial interests and ensure the repayment of any outstanding debts or obligations owed to the company by Jon H. Row berry. This meticulous agreement includes various crucial details, such as the identification of the parties involved, the description of the collateral offered as security, and the terms and conditions for the enforcement of the security interest. The agreement specifies that Jon H. Row berry grants a security interest to Franklin Covey Company on the listed collateral as a guarantee for the repayment of any outstanding debts, loans, or financial obligations. The collateral covered by this security agreement may vary depending on the specific type of agreement established between Jon H. Row berry and Franklin Covey Company. Some common types of Wake North Carolina Security Agreements include: 1. Property Security Agreement: This type of agreement pertains to the security interest held by Franklin Covey Company on physical assets owned by Jon H. Row berry, such as real estate, vehicles, machinery, equipment, or inventory. 2. Intellectual Property Security Agreement: If Jon H. Row berry possesses any intellectual property rights, such as patents, trademarks, copyrights, or trade secrets, this agreement would cover the security interest held by Franklin Covey Company on those intangible assets. 3. Financial Security Agreement: In cases where Jon H. Row berry has financial assets, such as bank accounts, stocks, bonds, or other investment instruments, this agreement would outline the security interest held by Franklin Covey Company in those assets. 4. Accounts Receivable Security Agreement: If Jon H. Row berry generates revenue through accounts receivable owed by customers or clients, this agreement would cover the security interest held by Franklin Covey Company on those accounts as collateral. The Wake North Carolina Security Agreement ensures that Franklin Covey Company has a legal claim on the specified collateral, allowing them to recover any outstanding debts or financial obligations owed by Jon H. Row berry in the event of default or non-payment. It is essential for both parties to carefully review and understand all the terms and conditions outlined in this agreement to protect their respective interests and facilitate smooth business operations.