Oregon Security Agreement is a legal document that establishes a financial interest in a property or asset held by PCSupport.com, Inc. and ICE Holdings North America. The agreement is designed to ensure the fulfillment of contractual obligations and protect the parties involved in case of default or non-payment. Under this agreement, PCSupport.com, Inc. and ICE Holdings North America agree to grant a security interest, as defined by the Uniform Commercial Code (UCC) of Oregon, to secure the repayment of any outstanding debts or obligations between them. This security interest typically takes the form of a lien on specific property or asset. The Oregon Security Agreement serves as an assurance to PCSupport.com, Inc. that in the event of non-payment, they can take legal actions to recover their investment by selling or liquidating the secured property or asset. The agreement outlines the rights and responsibilities of both parties, protecting the interests of both PCSupport.com, Inc. and ICE Holdings North America. There are different types or variations of Oregon Security Agreement that may be used between PCSupport.com, Inc. and ICE Holdings North America, depending on the specific circumstances and nature of the transaction. Some common types include: 1. Real Estate Security Agreement: This type of agreement involves a security interest in real property, such as land, buildings, or any other fixed structures. It ensures that PCSupport.com, Inc. has a legal claim over the property in the event of non-payment or default. 2. Personal Property Security Agreement: This agreement involves a security interest in personal property, which is movable and not affixed to land. It includes assets like equipment, inventory, accounts receivable, or any other tangible or intangible property. The agreement specifies the details of the property being secured and provides PCSupport.com, Inc. with the right to seize or sell the property to recover outstanding debts. 3. Intellectual Property Security Agreement: In cases where PCSupport.com, Inc. possesses intellectual property assets, such as copyrights, trademarks, or patents, this type of agreement is used. It grants PCSupport.com, Inc. a security interest in these intellectual property rights, ensuring their protection and allowing them to exercise their rights in the event of non-payment or default. Throughout the Oregon Security Agreement, specific keywords associated with this legal document may include "security interest," "lien rights," "collateral," "debt repayment," "default," "seizure," "liquidation," "intellectual property rights," "foreclosure," and "UCC Article 9." These terms are relevant to understanding the nature and functioning of the agreement between PCSupport.com, Inc. and ICE Holdings North America.
Oregon Security Agreement between PCSupport.com, Inc. and ICE Holdings North America
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How to fill out Oregon Security Agreement Between PCSupport.com, Inc. And ICE Holdings North America?
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You can prepare your own security agreement using an online form, or you can consult an attorney to create one for you. Some key provisions in a security agreement include: Describing the collateral as accurately and as detailed as possible, so both the borrower and the lender agree upon the secured property.
A statute of frauds within UCC Article 9 requires the security agreement be in writing. An exception to this requirement is when a security interest is pledged.
A General Security Agreement (GSA) grants a security interest over personal property or assets, the collateral pledged for many types of financing. The contract is executed by a debtor (borrower) in favor of a creditor (lender). A GSA can support various lender obligations, including personal and commercial loans.
A security agreement is a document that provides a lender a security interest in a specified asset or property that is pledged as collateral. Security agreements often contain covenants that outline provisions for the advancement of funds, a repayment schedule, or insurance requirements.
Key Takeaways. A security agreement is a document that provides a lender a security interest in a specified asset or property that is pledged as collateral. Security agreements often contain covenants that outline provisions for the advancement of funds, a repayment schedule, or insurance requirements.
There are four primary ways in which an attached security interest may be perfected ? filing, possession, control and automatic perfection. The most common method of perfecting a security interest is filing a financing statement.