Uniform Commercial Code Contract With An(n)

State:
Multi-State
Control #:
US-UCC1-AD
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Description

The UCC Financing Statement Addendum is a crucial document under the Uniform Commercial Code that provides necessary details for securing interests in a debtor's property. It serves to add additional debtors or secured parties to the related financing statement and requires precise information such as the full legal names and addresses of all parties involved. This form is particularly useful for ensuring proper filing and clarity in financial transactions. Users must follow specific instructions when filling out the form, particularly in stating names and addressing collateral types, such as timber or fixtures. A detailed description of the collateral is vital to protect the secured party's interest. This document is tailored for various legal professionals including attorneys, partners, owners, associates, paralegals, and legal assistants, as it facilitates compliance with state requirements and secures creditor rights. The utility of the form hinges on its ability to uphold legal integrity in financing agreements, ensuring all parties are adequately represented and their interests safeguarded.

How to fill out UCC1-AD Financing Statement Addendum?

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Article 2 of the Uniform Commercial Code governs contracts for the sale of goods. It sets forth rights and duties for sellers and buyers, ensuring clarity and fairness in commercial transactions. This article is essential for anyone involved in a uniform commercial code contract with an emphasis on goods. To explore more about these contracts, USLegalForms offers comprehensive information.

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Uniform Commercial Code Contract With An(n)