Michigan Security Agreement between PCSupport.com, Inc. and ICE Holdings North America

• Category: Corporations - Public - Services
• State: Multi-State
• Control #: US-EG-9423
• Format: Word; Rich Text

Description

Services Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC dated January, 2000. 29 pages.

The Michigan Security Agreement between PCSupport.com, Inc. and ICE Holdings North America is a legally binding document that outlines the terms and conditions of a secured transaction between these two entities. This agreement serves as a safeguard to protect the rights and interests of both parties involved. Keywords: Michigan Security Agreement, PCSupport.com, Inc., ICE Holdings North America, secured transaction, terms and conditions. A Michigan Security Agreement is a vital legal instrument that establishes a sense of trust and confidence between PCSupport.com, Inc. and ICE Holdings North America. This agreement ensures that the rights, obligations, and remedies of both parties are clearly defined, minimizing any potential disputes or misunderstandings. This type of security agreement is commonly used in commercial transactions where PCSupport.com, Inc. provides goods, services, or financing to ICE Holdings North America. By creating a secured interest in certain assets, PCSupport.com, Inc. mitigates the risk of non-payment or default, while ICE Holdings North America gains access to the necessary resources to support its operations or expand its business. The specific terms and conditions outlined in the Michigan Security Agreement may vary depending on the nature of the transaction and the parties involved. However, some common provisions typically included are: 1. Identification of the parties: The agreement clearly establishes the identities of PCSupport.com, Inc. and ICE Holdings North America, ensuring that both parties enter into the agreement knowingly and voluntarily. 2. Description of collateral: The agreement identifies the assets that PCSupport.com, Inc. will hold as security for the transaction. This may include tangible items such as equipment, inventory, or machinery, as well as intangible assets like accounts receivable or intellectual property rights. 3. Grant of security interest: PCSupport.com, Inc. grants a security interest in the collateral to ICE Holdings North America. This provides ICE Holdings North America with a legal claim over the assets in the event of default or non-payment. 4. Obligations of the parties: The agreement outlines the specific obligations and responsibilities of PCSupport.com, Inc. and ICE Holdings North America. This may include payment terms, delivery schedules, or any other contractual terms agreed upon. 5. Default and remedies: In the event of default by either party, the agreement establishes the remedies available to the party who suffers the default. This can include the right to seize and sell the collateral to recover any losses incurred. It is important to note that while the above description provides a general overview, the actual terms and conditions of a Michigan Security Agreement between PCSupport.com, Inc. and ICE Holdings North America may vary depending on the negotiations and specific requirements of the parties involved. Types of Michigan Security Agreements between PCSupport.com, Inc. and ICE Holdings North America may include: 1. General Security Agreement: This is a broad agreement that covers multiple transactions or obligations between the two parties. It provides blanket security for a range of assets, granting ICE Holdings North America a security interest in all present and future collateral held by PCSupport.com, Inc. 2. Specific Security Agreement: This agreement is more focused and tailored to a particular transaction or relationship. It covers a specific set of collateral or a single transaction, providing the necessary security for that particular arrangement. In conclusion, the Michigan Security Agreement between PCSupport.com, Inc. and ICE Holdings North America is a legally binding document designed to protect the interests of both parties involved in a secured transaction. This agreement outlines the terms and conditions, obligations, and remedies, ensuring a fair and transparent business relationship.