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COLLATERAL AGREEMENT AND AFFIDAVIT OF OWNERSHIP SECTION ONE: DEPOSIT OF COLLATERAL (a) PARTIES: This Agreement, dated on voluntarily entered into by the parties (hereinafter Depositor or I). , 20.

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Related content

Form of Collateral Agreement - SEC.gov
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A collateral agreement transfers all or some of the rights of the owner of personal property (including a life insurance policy) to another party (the assignee) as security for the repayment of an indebtedness.

For example, let's say you want to grow your business and a friend of yours promises to pay all business expenses that exceed your expansion budget. However, he refuses to pay, creating substantial debt and resulting in failure of the company.

What is a collateral agreement? This agreement will allow a lender — or the “Secured Party,” which can be an individual and/or their company — to take ownership of the property that was used as collateral. The lender can see this property to recover a part of what the borrower was loaned.

Collateral Contract Exception The extrinsic agreement must, in form, be a collateral one. This means that the extrinsic agreement must not be distinct and independent from the original written agreement.

For example, if X agrees to buy goods from Y that will, ingly, be manufactured by Z, and does so on the strength of Z's assurance as to the high quality of the goods, X and Z may be held to have made a collateral contract consisting of Z's promise of quality given in consideration of X's promise to enter into the ...

A collateral contract is one where the parties to one contract enter into or promise to enter into another contract. Thus, the two contracts are connected and it may be enforced even though it forms no constructive part of the original contract.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232