[{"data":1,"prerenderedAt":541},["ShallowReactive",2],{"document-deed-of-hypothec-on-movables-D981":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":36,"customDescModule":182,"customdescription":6,"mdFm":183,"mdProseHtml":540},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"DEED OF HYPOTHEC ON MOVABLES This Deed of Hypothec on Movables Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Creditor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] WHICH PARTIES AGREE WITH EACH OTHER AS FOLLOWS: INTERPRETATION Definitions All capitalized words and expressions not otherwise defined herein shall have the meanings assigned thereto by the Debenture. All other capitalized words and expressions used in this Deed or in any deed, document or agreement supplemental or ancillary hereto, unless there be something in the subject or the context inconsistent therewith, shall have the following meanings: 1.1.1 \"Debenture\" means that certain Senior Secured Convertible Debenture dated for reference [DATE] issued by Company in favor of the Creditor in the principal amount of [AMOUNT] lawful money of [COUNTRY], as same may be amended, supplemented or restated from time to time; 1.1.2 \"Deed of Hypothec\", \"this Deed\", \"this Deed of Hypothec\", \"these presents\", \"herein\", \"hereby\", \"hereunder\" and other similar expressions refer collectively to this Deed of Hypothec, its accompanying schedules as well as any and every deed or other instrument which is supplementary or ancillary hereto or in implementation hereof, the whole as same may be amended, supplemented or restated from time to time; 1.1.3 \"Default\" means any one of the events specified in Section 8.1, the occurrence or failure to occur of which constitutes, or with the passage of time or the giving of notice or both, would constitute an Event of Default; 1.1.4 \"Event of Default\" shall have the meaning ascribed to it in Section 8.1; 1.1.5 \"Governmental Authority\" means any nation or government, any state or other political subdivision thereof and any entity-exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government; 1.1.6 \"Hypothecated Property\" shall have the meaning ascribed to it in Section 2.1; 1.1.7 \"[COUNTRY] Law\" means all applicable provisions of statutes, ordinances, decrees, orders in council, rules, regulations, treaties and all applicable determinations, rulings, orders and decrees of Governmental Authorities and arbitrators; \"Lien\" means any interest in property or the income or profits therefrom securing an obligation owed to, or a claim by, a Person other than the owner (which for the purposes hereof shall include a possessor under a title retention agreement and a lessee under a lease hereinbelow described) of such property, or claim whether such interest is based on common law, civil law, statute or contract, and including, but not limited to, any security interest, hypothec, prior claim, mortgage, pledge, lien, claim, charge, cession, transfer, assignment, encumbrance, title retention agreement, lessor's interest under a lease which would be capitalized on a balance sheet of the owner of such property or analogous instrument in, of, or on any property or the income or profits therefrom of a Person, other than Liens incurred in the ordinary course of business and for the purpose of carrying on same not in connection with the borrowing of money or the obtaining of credit and which do not in the aggregate materially impair the use, the income or profits therefrom, of the property covered thereby in the operation of such Person's business; \"Obligations\" is the collective reference to all the obligations, present and future, direct and indirect, absolute and contingent, presently owing and due or hereafter to become owing and due to the Creditor by Company from time to time, including, without limiting the generality of the foregoing, all its obligations under the Debenture; \"Person\" means any legal or natural person, corporation, firm, joint venture, partnership, whether general, limited or undeclared, trust, association, unincorporated organization, Governmental Authority or other entity of whatever nature. 1.2 Plural and Masculine Unless there be something in the subject or the context inconsistent therewith, words importing the singular only shall include the plural and vice versa and words importing the masculine gender shall include the feminine gender and vice versa, and any reference to dollars shall mean [COUNTRY] dollars. 1.3 Division in Articles The division of this Deed into Articles, Sections, subsections and paragraphs and the insertion of titles are for convenience of reference only and do not affect the meaning or the interpretation of the present Deed. HYPOTHECS 2.1 Principal Hypothec As a general and continuing collateral security for the performance by Company of the Obligations, Company hereby hypothecates to and in favour of the Creditor the following property and its rights, titles and interests in and to such property (collectively referred to herein as the \"Hypothecated Property\") to the extent of the sum of [AMOUNT] in lawful money of [COUNTRY], with interest thereon at the rate of [%] per annum, calculated monthly, with interest on overdue interest at the same rate, all of the Grantor's right, title and interest presently owned and hereafter acquired in all movable property of Company of whatsoever nature and kind and wheresoever situate and all proceeds thereof and therefrom, renewals thereof, Accessions thereto and substitutions therefor, including without limiting the generality of the foregoing, all the presently owned or held and hereafter acquired right, title and interest in and to all Goods (including all accessories, attachments, additions and Accessions thereto), Chattel Paper, Documents of Title (whether negotiable or not), Instruments, Intangibles, Licenses, Money (including without limitation the Principal) and all: 2.1.1 inventory of Company of whatever nature and kind situate in the [State/Province] of [STATE/PROVINCE]; 2.1.2 equipment of Company (other than Inventory) of whatsoever nature and kind situate in the [State/Province] of [STATE/PROVINCE] including without limitation, all machinery, tools, apparatus, plant, furniture, fixtures, and vehicles of whatsoever nature and kind; 2.1.3 book accounts and book debts of Company and generally all accounts, debts, dues, claims, chooses in action and demands of every kind and nature howsoever arising or secured including without limitation letters of credit, letters of guarantee and advances of credit, which are now due, owing or accruing or growing due to or owned by or which may hereafter become due, owing or accruing or growing due to or owned by Company (collectively, the \"Claims\"); 2.1.4 deeds, documents, writings, papers, books of account and other books or electronically recorded data relating to or being records of Claims, Chattel Paper or Documents of Title or by which such are or may hereafter be secured, evidenced, acknowledged or made payable; 2.1.5 contractual rights of Company, including rents, revenues, and incomes and all insurance claims and policies and all goodwill, patents, trademarks, copyrights, and other industrial or intellectual property of Company; 2.1.6 monies (including without limitation the Principal) other than trust monies lawfully belonging to third parties; 2.1.7 the securities, including shares, bonds, rights, options, certificates of deposit, debt instruments and subscriptions, issued and which shall be issued in favor of Company, as well as all securities which shall be delivered to the Creditor by the Company from time to time, including without limitation the shares held by Company in the capital stock of [COMPANY NAME] and [COMPANY NAME] (collectively referred to herein as the \"Securities\"); 2.1",null,"Deed of Hypothec on Movables","8",72,"doc","https://templates.business-in-a-box.com/imgs/1000px/deed-of-hypothec-on-movables-D981.png","https://templates.business-in-a-box.com/imgs/250px/981.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#981.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Legal Agreements","/templates/business-legal-agreements/",{"label":20,"url":21},"Deeds","/templates/deed/","deed hypothec movables","Deed of Hypothec on Movables Template","https://templates.business-in-a-box.com/imgs/400px/981.png","https://templates.business-in-a-box.com/imgs/600px/981.png",[27,16,19],{"label":28,"url":29},"Templates","/templates/",[31,32,33],{"label":28,"url":29},{"label":17,"url":18},{"label":34,"url":35},"Guaranties & Collateral","/templates/guaranties-and-collateral/",[37,41,45,49,53,57,61,65,69,73,77,81,85,106,121,136,150,164],{"label":38,"url":39,"thumb":40,"extension":10},"Hypothec on Movables","/template/hypothec-on-movables-D987","https://templates.business-in-a-box.com/imgs/250px/987.png",{"label":42,"url":43,"thumb":44,"extension":10},"Deed of Cancellation of Hypothec","/template/deed-of-cancellation-of-hypothec-D979","https://templates.business-in-a-box.com/imgs/250px/979.png",{"label":46,"url":47,"thumb":48,"extension":10},"Deed of Movable Hypothec","/template/deed-of-movable-hypothec-D982","https://templates.business-in-a-box.com/imgs/250px/982.png",{"label":50,"url":51,"thumb":52,"extension":10},"Moveable Hypothec Agreement","/template/moveable-hypothec-agreement-D990","https://templates.business-in-a-box.com/imgs/250px/990.png",{"label":54,"url":55,"thumb":56,"extension":10},"Assignment for Deed","/template/assignment-for-deed-D974","https://templates.business-in-a-box.com/imgs/250px/974.png",{"label":58,"url":59,"thumb":60,"extension":10},"Deed Of Conveyance","/template/deed-of-conveyance-D12693","https://templates.business-in-a-box.com/imgs/250px/12693.png",{"label":62,"url":63,"thumb":64,"extension":10},"Deed of Discharge","/template/deed-of-discharge-D980","https://templates.business-in-a-box.com/imgs/250px/980.png",{"label":66,"url":67,"thumb":68,"extension":10},"Gift Deed","/template/gift-deed-D13517","https://templates.business-in-a-box.com/imgs/250px/13517.png",{"label":70,"url":71,"thumb":72,"extension":10},"Mortgage Deed","/template/mortgage-deed-D988","https://templates.business-in-a-box.com/imgs/250px/988.png",{"label":74,"url":75,"thumb":76,"extension":10},"Quitclaim Deed","/template/quitclaim-deed-D394","https://templates.business-in-a-box.com/imgs/250px/394.png",{"label":78,"url":79,"thumb":80,"extension":10},"Warranty Deed","/template/warranty-deed-D993","https://templates.business-in-a-box.com/imgs/250px/993.png",{"label":82,"url":83,"thumb":84,"extension":10},"Movable Hypothec Promissory Note","/template/movable-hypothec-promissory-note-D432","https://templates.business-in-a-box.com/imgs/250px/432.png",{"description":86,"descriptionCustom":6,"label":87,"pages":88,"size":89,"extension":10,"preview":90,"thumb":91,"svgFrame":92,"seoMetadata":93,"parents":94,"keywords":104,"url":105},"PROMISSORY NOTE This Promissory Note (the \"Note\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at [ADDRESS], or at such other place that is designated in writing by the holder hereof, the principal sum of [AMOUNT], together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth: Borrower shall make monthly payments of principal and interest at the rate of [%] per annum based upon an amortization of [NUMBER] months. Monthly payments shall be due on or before the first day of each month with the first payment being due on or before [DATE]. If not sooner paid, all amounts due under this Note, including principal, interest and other charges shall be due and payable in full on or before the first day of [MONTH], [YEAR] (the \"Maturity Date\"). Time is of the essence of the payment obligations hereunder and each monthly payment shall be due and payable on or before the first day of each month. This Note is and will be secured by a certain first priority security interest in all of the tangible and intangible property of the Borrower, to be recorded in all applicable governmental offices. The parties shall execute a separate security agreement, in form and substance acceptable to the Lender in all respects. Borrower agrees to execute any such security agreements presented by the Lender or other documents required by the Lender in order to perfect its security interest in the above described property. Said Security Agreement and any other instruments and documents executed in connection with or given as security for this Note shall hereinafter be referred to collectively as the \"Loan Documents.\" All of the terms, covenants, Conditions, representations and warranties contained in the Loan Documents are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein. If all or any portion of any payment due hereunder is not received by the Lender within [NUMBER] calendar days after the date when such payment is due, Borrower shall pay a late charge equal to [%] of such payment, such late charge to be immediately due and payable without demand by Lender. Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding, (ii) all interest accrued to the date of such prepayment, (iii) all interest calculated through the Maturity Date, and (iv) any late charge or charges then due and owing. If any payment under this Note is not paid in full by the [DAY] of any month during the term hereof or if the entire amount due as represented by this Note is not paid in full on or before the Maturity Date, or should default be made in the performance or observation of any of the terms, covenants, or conditions contained in the Loan Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and all other charges due hereunder, shall, at Lender's option, immediately become due and payable, without further notice, the giving of such notice being expressly waived by the Borrower","Promissory Note","3",39,"https://templates.business-in-a-box.com/imgs/1000px/promissory-note-D434.png","https://templates.business-in-a-box.com/imgs/250px/434.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#434.xml",{"title":6,"description":6},[95,98,101],{"label":96,"url":97},"Finance & Accounting","finance-accounting",{"label":99,"url":100},"Business Loans","business-loan",{"label":102,"url":103},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":107,"descriptionCustom":6,"label":108,"pages":109,"size":110,"extension":10,"preview":111,"thumb":112,"svgFrame":113,"seoMetadata":114,"parents":115,"keywords":119,"url":120},"SECURITY AGREEMENT This Security Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [SECURED PARTY NAME] (the \" Secured Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Debtor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] For value received, the undersigned Debtor, promises to pay to the order of [name], together with any other holder of this note (\"Secured Party\"), [amount], with interest at the rate of [%] per annum. Payment shall be made in successive equal monthly installments of [amount]. Each such Installment is payable on the [day] of each month, commencing on [date]. Recitals WHEREAS, the Secured Party has extended to the Debtor a certain loan as evidenced by a certain promissory note, in the original principal amount equal to [amount] dated on even date herewith (the \"Note\"); and WHEREAS, the Debtor wishes to grant a first priority security interest in and to all of the Debtor's tangible and intangible personal property pursuant to the terms hereof; NOW, THEREFORE, for and in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereto covenant and agree as follows: DEFINITIONS The following terms shall have the meanings herein specified unless the context otherwise requires. Such definitions shall be equally applicable to the singular and plural forms of the terms defined: \"Contracts\" shall mean all contracts between the Debtor and one or more additional parties. \"Contract Rights\" shall mean all rights of the Debtor (including, without limitation, all rights to payment) under each Contract. \"Copyrights\" shall mean any [country] copyright to which the Debtor now or hereafter has title, as well as any application for a [country] copyright hereafter made by the Debtor. \"Equipment\" shall mean any \"equipment,\" as such term is defined in the [law or code] as in effect on the date hereof in the State of [state/province], now or hereafter owned by Debtor and, in any event, shall include, but shall not be limited to, all machinery, equipment, furnishings, fixtures and vehicles now or hereafter owned by the Debtor and any and all additions, substitutions and replacements of, any of the foregoing, wherever located, together with all attachments, components, parts, equipment and accessories installed thereon or affixed thereto. \"General Intangibles\" shall have the meaning assigned that term under the [LAW OR CODE] as in effect on the date hereof in the State of [state/province]. \"Goods\" shall have the meaning assigned that term under the [LAW OR CODE] as in effect on the date hereof in the State of [state/province]. \"Inventory\" shall mean all raw materials, workinprocess, and finished inventory of the Debtor of every type or description and all documents of title covering such inventory, and shall specifically include all \"inventory\" as such term is defined in the [law or code] as in effect on the date hereof in the State of [state/province], now or hereafter owned by the Debtor. \"Marks\" shall mean any trademarks and service marks now held or hereafter acquired by the Debtor, which are registered in the [country] Patent and Trademark Office, as well as any unregistered marks used by the Debtor in the [COUNTRY] and trade dress, including logos and/or designs, in connection with which any of these registered or unregistered marks are used. \"Obligations\" shall mean: (i) all indebtedness, obligations and liabilities (including, without limitation, guarantees and other contingent liabilities) of the Debtor to the Secured Party, including but not limited to the Note; (ii) any and all sums advanced by the Secured Party in order to preserve the Collateral or preserve its security interest in the Collateral; and (iii) in the event of any proceeding for the collection or enforcement of any indebtedness, obligations or liabilities of the Debtor referred to in clause (i), after an Event of Default shall have occurred and be continuing, the reasonable expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing or realizing on the Collateral, or of any exercise by the Collateral Agent of its rights hereunder, together with reasonable attorneys' fees and court costs. \"Patents\" shall mean any [country] patent to which the Debtor now or hereafter has title, as well as any application for a [country] patent now or hereafter made by Debtor. \"Proceeds\" shall have the meaning assigned that term under the [law or code] as in effect in the State of [state/province] on the date hereof or under other relevant law and, in any event, shall include, but not be limited to, (i) any and all proceeds of any insurance, indemnity, warranty or guaranty payable to the Secured Party or the Debtor from time to time with respect to any of the Collateral, (ii) any and all payments (in any form whatsoever) made or due and payable to the Debtor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any governmental authority and (iii) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. \"Receivables\" shall mean any \"account\" as such term is defined in the [law or code] as in effect on the date hereof in the State of [STATE/PROVINCE], now or hereafter owned by Debtor and, in any event, shall include, but shall not be limited to, all of the Debtor's rights to payment for goods sold or leased or services performed by the Debtor, whether now in existence or arising from time to time hereafter, including, without limitation, rights evidenced by an account, note, contract, security agreement, or other evidence of indebtedness or security, together with (i) all security pledged, assigned, hypothecated or granted to or held by the Debtor to secure the foregoing; (ii) all of the Debtor's right, title and interest in and to any goods, the sale of which gave rise thereto; (iii) all guarantees, endorsements and indemnifications on, or of, any of the foregoing; (iv) all powers of attorney for the execution of any evidence of indebtedness or security or other writing in connection therewith; (v) all books, records, ledger cards and invoices relating thereto; (vi) all evidences of the filing of financing statements and other statements and the registration of other instruments in connection therewith and amendments thereto, notices to other creditors or secured parties, and certificates from filing or other registration officers; (vii) all credit information, reports and memoranda relating thereto and (viii) all other writings related in any way to the foregoing. GRANT OF SECURITY INTEREST The Debtor does hereby grant to the Secured Party a continuing security interest of first priority in all of the right, title and interest of the Debtor in, to and under all of the following property whether now existing or hereafter created or arising: ","Security Agreement","10",96,"https://templates.business-in-a-box.com/imgs/1000px/security-agreement-D915.png","https://templates.business-in-a-box.com/imgs/250px/915.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#915.xml",{"title":6,"description":6},[116,118],{"label":17,"url":117},"business-legal-agreements",{"label":17,"url":117},"security agreement","/template/security-agreement-D915",{"description":122,"descriptionCustom":6,"label":123,"pages":124,"size":125,"extension":10,"preview":126,"thumb":127,"svgFrame":128,"seoMetadata":129,"parents":131,"keywords":130,"url":135},"LOAN AGREEMENT This Loan Agreement (\"Agreement\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] Promise to Pay Within [NUMBER] months from today, Borrower promises to pay to Lender the sum of [AMOUNT], and interest and other charges stated below. Responsibility Although this Agreement may be signed below by more than one person, Borrower understands that both parties are individuals responsible for paying back the full amount. Breakdown of Loan Amount of Loan: Other (Describe): Amount Financed: Finance Charge: Total of Payments: Annual Rate: Repayment Borrower will repay the amount of this note in [NUMBER] equal uninterrupted monthly installments of [AMOUNT] each on the [DAY] of each month starting on the [DATE], and ending on [DATE]. Prepayment Borrower has the right to prepay the whole outstanding amount at any time","Loan Agreement","2",513,"https://templates.business-in-a-box.com/imgs/1000px/loan-agreement-D417.png","https://templates.business-in-a-box.com/imgs/250px/417.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#417.xml",{"title":130,"description":6},"loan agreement",[132,133,134],{"label":96,"url":97},{"label":99,"url":100},{"label":99,"url":100},"/template/loan-agreement-D417",{"description":137,"descriptionCustom":6,"label":138,"pages":124,"size":125,"extension":10,"preview":139,"thumb":140,"svgFrame":141,"seoMetadata":142,"parents":144,"keywords":143,"url":149},"PERSONAL GUARANTEE This Personal Guarantee (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"Guarantor\"), an individual with his main address located at: [YOUR COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Second Party\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] I, [NAME OF GUARANTOR], residing at [COMPLETE ADDRESS], hereby personally and solidarity guarantee all of the obligations of [YOUR COMPANY NAME] and agree to be bound solidarity with [YOUR COMPANY NAME] for the prompt performance of [YOUR COMPANY NAME]'s obligations under that certain [SPECIFY] Agreement dated [DATE] (the \"Agreement\") between [YOUR COMPANY NAME] and [COMPANY NAME], including without limitation the payment of all goods, wares and merchandise as [YOUR COMPANY NAME] may from time to time select and purchase on credit from [COMPANY NAME], and hereby expressly renounce to the benefits of division and discussion. Furthermore, I agree that waive may extend the time for payment of any amounts owing to it by waive and/or may waive any default by waive without it in any way lessening or limiting my liability hereunder. Notwithstanding the foregoing, my guarantee hereunder to pay any and all amounts owing by [YOUR COMPANY NAME] to [COMPANY NAME] shall be limited to the sum of [AMOUNT] OR [%] of such outstanding amount.","Personal Guarantee","https://templates.business-in-a-box.com/imgs/1000px/personal-guarantee-D405.png","https://templates.business-in-a-box.com/imgs/250px/405.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#405.xml",{"title":143,"description":6},"personal guarantee",[145,146,147],{"label":96,"url":97},{"label":99,"url":100},{"label":34,"url":148},"guaranties-collateral","/template/personal-guarantee-D405",{"description":151,"descriptionCustom":6,"label":152,"pages":153,"size":154,"extension":10,"preview":155,"thumb":156,"svgFrame":157,"seoMetadata":158,"parents":159,"keywords":162,"url":163},"INTER-COMPANY SERVICES AGREEMENT This Inter-Company Services Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Party\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Associate Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] PREAMBLE WHEREAS [YOUR COMPANY NAME] is a [SPECIFY INDUSTRY] company specialized in [SPECIFY COMPANY SPECIALIZATION]; WHEREAS Associate Company is a company specializing in [SPECIFY]; WHEREAS the parties and Company are desirous of working together in relation to the conduct of [SPECIFY PROJECT]; NOW THEREFORE this Agreement witnessed that in consideration of the premises and other good and valuable consideration, the parties hereto agree as follows: 1. DEFINITIONS In this Agreement, except where the context or subject matter is inconsistent therewith, the following terms shall have the following meanings: 1.1 \"Agreement\" shall mean this document, the annexed schedules, which are incorporated herein, together with any future written and executed amendments agreed to by the parties. 1.2 \"Affiliated Companies\" shall mean any corporation or other business enterprise, which directly or indirectly controls, is controlled by, or is under common control by a party. 1.3 \"Associated Staff\" shall mean any officer, director, employee, agent, or student of a Party, and any other person involved in the execution of this Agreement, excluding patients solely involved as subjects in studies. 1.4 \"Documentation\" shall mean all documents, regardless of form, relating to the Project. 1.5 \"Intellectual Property Rights\" shall mean any and all rights, title and interest in and to any and all ideas, discoveries, inventions, creations, works and know-how including, without limitation, patents, trademarks, service marks, designs, integrated circuit topographies, copyrights, including applications for any of the foregoing, as well as design rights, confidential information, trade secrets and any other similar intellectual property rights protected in [COUNTRY] and in any other country. 1.6 \"Material\" shall mean any and all information and materials, relating to a Party's business, business processes and methods of doing business, given to the other Party from time to time for review, data processing, or for any other reason, and all copies thereof regardless of form or storage medium, including, but not limited to, documentation, notes, formulae, components, drawings, data, flow-charts, plans, specifications, techniques, processes, algorithms, inventions, prototypes, protocols, patent portfolio, pre-clinical and clinical studies, contracts, marketing and other financial and business plans, and includes, without limitation, all confidential and proprietary information which is at any time so designated a Party by the other Party, either in writing or orally. 1.7 \"Project\" shall mean [DESCRIBE THE DETAILS OF THE PROJECT]. 1.8 \"Services\" shall mean the services as described in Subsection 2.1 hereof. 2. SCOPE OF WORK 2.1 The parties agree to act as independent contractors for each other. [YOUR COMPANY NAME] will perform professional services as described in Schedule \"A\" to this Agreement (the \"Company Services\"), a copy of which has been appended hereto and initialed by the parties for identification. Associate Company will perform professional services as described in Schedule \"B\" (the \"Associate Company Services\"), a copy of which has been appended hereto and initialed by the parties for identification. \"Services\" shall mean either or both of the Company Services and the Associate Company Services, as the case may be. 2.2 Each Party agrees to use its best efforts to assign personnel with the proper skill level and type of experience, to ensure that the Services will be completed in a timely and successful manner. 2.3 In the event that a Party does not have personnel with the proper skill level or experience to provide the Services required under the terms of this Agreement, such Party may engage the services of such competent personnel, or may subcontract or assign a portion of the Services to be rendered, with the prior written consent of the other Party to this Agreement. Notwithstanding such approval, the sub-contracting Party shall be primarily responsible and liable for the services rendered by such personnel, subcontractor or assignee and shall be responsible for the payment of the remuneration payable to such personnel, subcontractor or assignee, which shall be included in the total compensation described in Section 3 hereof. 2.4 Each Party will, on a regular basis, keep the other Party appraised of the work in progress under the terms of this Agreement and will meet from time to time with the other Party, to review the Services performed or to be performed under the provisions hereof. 3. FEES AND EXPENSES 3.1 Associate Company will pay [YOUR COMPANY NAME] for Company Services satisfactorily rendered pursuant to the payment schedule described in Schedule \"C\" to this Agreement (the \"Company Budget\"), a copy of which has been appended hereto and initialed by the Parties for identification. Company shall not be permitted to incur any cost or expense that would cause the Company Budget to be exceeded, without the prior written approval of [YOUR COMPANY NAME], in the form of an amendment to this Agreement. 3.2 [YOUR COMPANY NAME] will pay Associate Company for Associate Company Services satisfactorily rendered pursuant to the payment schedule described in Schedule \"D\" to this Agreement (the \"Associate Company Budget\"), a copy of which has been appended hereto and initialed by the parties for identification. Associate Company shall not be permitted to incur any cost or expense that would cause the Associate Company Budget to be exceeded, without the prior written approval of the Company, in the form of an amendment to this Agreement. 4. RELATIONSHIP OF THE PARTIES 4.1 As each Party is undertaking to perform professional services for the other, and is doing so as an independent contractor and not as an employee, agent, partner, or joint venturer of the other Party, the fees will be limited to those stated in Schedules \"C\" and \"D\", attached hereto, as the case may be. Neither Party will participate in any employee benefit plans of the other Party nor receive any other compensation beyond that stated in such Schedules \"C\" and \"D\". Neither Party will have any power or authority to bind the other or to assume or create any obligation or responsibility, express or implied, on the other's behalf or in the other's name, and neither Party will represent to any person or entity that it has such power or authority. 5. STATUS OF THE PARTIES 5.1 Neither Party is responsible for verifying the existence or sufficiency of the qualifications, authorizations, permits or licenses of the other Party and/or the other Party's employees. Each Party represents and warrants that it and any of its employees are authorized to work and are not acting and will not act during the term of this Agreement in violation of any applicable laws and the regulations thereunder or any agreement it has entered into with a third party. Each Party will indemnify the other Party against any and all claims, damages, losses and other liabilities including, but not limited to, fines, penalties, and/or attorneys' fees incurred by a Party because the other Party and/or the other Party's employees or agents are not authorized to perform all or part of the Services. 6. EQUIPMENT, TOOLS, MATERIALS AND/OR SUPPLIES 6","Inter-Company Services Agreement","17",98,"https://templates.business-in-a-box.com/imgs/1000px/inter-company-services-agreement-D886.png","https://templates.business-in-a-box.com/imgs/250px/886.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#886.xml",{"title":6,"description":6},[160,161],{"label":17,"url":117},{"label":17,"url":117},"inter company services agreement","/template/inter-company-services-agreement-D886",{"description":165,"descriptionCustom":6,"label":166,"pages":167,"size":168,"extension":10,"preview":169,"thumb":170,"svgFrame":171,"seoMetadata":172,"parents":173,"keywords":180,"url":181},"EQUIPMENT LEASE AGREEMENT This Equipment Lease Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Lessor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Lessee\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WITNESSETH that in consideration of the mutual covenants and agreements to be performed and kept during the terms hereof and of any renewal, the Lessor and the Lessee covenant and agree as follows: LEASE The Lessor hereby leases to the Lessee and the Lessee hereby leases from the Lessor the equipment described in [SPECIFY SCHEDULE] and in all other Schedules which may hereafter be executed by the [COMPANY NAME] for the purpose of adding equipment thereto, which equipment including all original and replacement items, parts, accessories, and additions relating thereto is hereafter called the \"Equipment\". EQUIPMENT DESCRIPTION The Lessee authorizes the Lessor to complete the description of the Equipment in [SPECIFY SCHEDULE] with the insertion of serial numbers and other details specifically identifying the Equipment, such schedule to be signed by both parties hereto and form part of this Lease. WARRANTIES BY LESSEE & LESSOR The Lessee and Lessor each represents and warrants that it has the power to enter into this lease, and that this lease is properly and lawfully authorized and executed by it. LESSOR'S WARRANTIES Lessor and Lessee acknowledge that there are no other warranties, conditions, terms, representations of inducements expressed or implied statutory or otherwise, save as are expressly contained in this lease. Lessor warrants that the equipment shall be delivered to the Lessee in accordance with the specifications contained in [SPECIFY SCHEDULE]. The Lessor makes no representations with respect to the suitability of the equipment to the Lessee's operations. Lessor's warranties shall not extend to any party assigned this Lease by Lessor pursuant to Clause [NUMBER] herein. WARRANTIES BY MANUFACTURERS Any warranties, conditions or guarantees by the manufacturers or suppliers of the Equipment are theirs alone and not the Lessor's but are for the joint and several benefit of and enforcement by the Lessee and the Lessor. Any claims of the Lessee in connection with manufacturer's warranties, conditions or guarantees shall be made directly by the Lessor (but not Lessor's assignee) on behalf of the Lessee against the manufacturer or supplier only. TITLE The Lessor covenants that it has good titles to the Equipment and the Lessee acknowledges the Lessor's ownership of and title to the Equipment and covenants to defend the same against any contrary claim. TERM The term of this lease with respect to each piece of Equipment shall commence on the date of acceptance thereof by the Lessee in accordance with Clause [NUMBER] herein and shall continue for the term specified in [SPECIFY SCHEDULE] hereto. Rental payments with respect to each piece of Equipment shall commence and accrue due to the Lessor on such date of acceptance of such piece of Equipment by the Lessee. POSSESSION, LOCATION The Lessee shall take and, when not in default hereunder, retain exclusive control of the Equipment from the Lessee's location shown on [SPECIFY SCHEDULE]. The Lessee shall not change such location without the Lessor's prior written consent, which will not be unreasonably withheld. PERSONAL PROPERTY, LANDLORD'S DISTRESS The Equipment is and shall remain personal and moveable property. The Lessee shall not affix the Equipment nor permit it to be affixed so that it becomes part of realty and shall notify the Lessee's, Landlords, mortgagees, insurers and all others who may have an interest in or claim against the premises where the Equipment is to be located. Any removal from such premises shall be at the Lessee's risk and expense. IDENTIFICATION PLATES The Lessor may affix plates, tags or markings to the Equipment showing its interest therein, and the Lessee may display its name and such other information as may reasonably promote its business, such Lessee's markings shall be mutually approved by the parties. All Lessee's markings must be removed by the Lessee upon termination of the lease. ORDER, DELIVERY, INSTALLATION Order and delivery and installations of the Equipment shall be entirely at the Lessor's risk and expense and shall be arranged by the Lessor on behalf of the Lessee in a manner and upon terms and conditions according to the Lessee's written instructions and, to the extent of such instructions are not provided for, according to the Lessor's sole discretion but still at the Lessor's risk and expense. The Lessor shall not be responsible for any costs, losses or damages suffered by the Lessee arising out of or in connection with delays in or refusal to accept delivery of equipment. INSPECTION The Lessee shall inspect the equipment prior to delivery and accept or reject it. Notice of rejections shall be received in writing within [NUMBER] hours by the Lessor and in the absence thereof, the Lessee shall be deemed conclusively to have accepted the Equipment. Rejection shall only occur if the equipment is not in accordance with the specifications contained in [SPECIFY SCHEDULE] or as the result of faulty materials or workmanship. RE-DELIVERY, REMOVAL AT TERMINATION Upon termination of this lease for any reason, the Lessee shall deliver the Equipment entirely at its own expense to an address as designated by the Lessor in the same condition as received, reasonable wear and tear from proper use only accepted, within [NUMBER] days of the date of termination. Brakes and tires will show no more than [PERCENTAGE %] wear for each year of the Lease has elapsed and the trailers must have all signage and customer specified paint removed and returned to a white color. All damages from accident and abuse must be repaired prior to the termination of the Lease in a manner approved by the Lessor. RENT: OTHER PAYMENTS: NO SET-OFF The Lessee shall pay to the Lessor rental in the amount and at the times shown in Schedule \"A\" hereto. The Lessee shall pay to the Lessor on demand all other amounts becoming payable hereunder. The Lessee shall make such payments to the Lessor at the address of the Lessor shown above or as otherwise designated by the Lessor, without any set-off or reduction whatsoever for claims the Lessee may assert against the Lessor. Any payment not paid by the due date shall bear interest thereafter at [PERCENTAGE %] per month. UNCONDITIONAL PAYMENT Lessee's obligation to pay rent and other amounts hereunder shall be absolute and unconditional under all circumstances and without limiting the generality of the foregoing, shall not be affected by the following: Failure of the Equipment to perform in the manner expected by the Lessee. Damage to or destruction of the Equipment so that it is either completely beyond repair or partially so and whether or not it is economically justifiable to repair. Theft of the Equipment or part thereof irrespective of whether the Equipment was insured by the Lessee or the Equipment is uninsured. Seizure of the Equipment by a third party (including landlord or mortgages of the premises on which the Equipment is located). USE: MAINTENANCE: REPAIR The Lessee shall comply with all applicable laws, rules and regulations of government or other authority, with all manufacturer's and Lessor's published operation and maintenance instructions and specifications, and with all terms of any insurance policy in connection with the Equipment. The Lessor may inspect the state of repair of the Equipment at any reasonable time. ALTERATIONS ETC. TO EQUIPMENT","Equipment Lease Agreement","7",71,"https://templates.business-in-a-box.com/imgs/1000px/equipment-lease-agreement-D1140.png","https://templates.business-in-a-box.com/imgs/250px/1140.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1140.xml",{"title":6,"description":6},[174,177],{"label":175,"url":176},"Production & Operations","production-operations",{"label":178,"url":179},"Equipment Agreement","equipment-agreement","equipment lease agreement","/template/equipment-lease-agreement-D1140",false,{"seo":184,"reviewer":196,"legal_disclaimer":200,"quick_facts":201,"at_a_glance":203,"personas":207,"variants":232,"glossary":261,"clauses":298,"how_to_fill":349,"common_mistakes":390,"faqs":415,"industries":446,"comparisons":471,"diy_vs_lawyer":484,"jurisdictions":497,"related_template_ids_curated":518,"schema":527,"classification":528},{"meta_title":185,"meta_description":186,"primary_keyword":187,"secondary_keywords":188},"Deed of Hypothec on Movables Template (Free Word)","Free deed of hypothec on movables template. Secures a loan against personal property under Quebec civil law. Used in 190+ countries. Free Word and PDF download.","deed of hypothec on movables",[189,190,191,192,193,194,195],"movable hypothec agreement","deed of hypothec template word","quebec hypothec movable property","secured lending agreement template","movable property security agreement","civil law security interest template","deed of hypothec free download",{"name":197,"credential":198,"reviewed_date":199},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":202,"legal_review_recommended":200,"signature_required":200,"notarization_required":182},"advanced",{"what_it_is":204,"when_you_need_it":205,"whats_inside":206},"A Deed of Hypothec on Movables is a legally binding security agreement that grants a creditor a real right over a debtor's movable property — such as equipment, inventory, receivables, or intellectual property — as collateral for a loan or other financial obligation. Rooted in Quebec's civil law system and the Civil Code of Quebec, it functions similarly to a security agreement under common-law jurisdictions but follows distinct formal requirements. This free Word download gives you a structured, notary-ready starting point you can edit online and export as PDF.\n","Use it when a lender requires security over a borrower's movable assets before advancing funds, when a business is pledging equipment or receivables as collateral for a line of credit, or when any transaction under Quebec civil law calls for a registered security interest in personal property.\n","Identification of the parties and the secured obligation, a precise description of the hypothecated movables, the hypothec amount and interest rate, publication and registration requirements, debtor obligations to maintain the charged assets, creditor remedies upon default, and governing law provisions.\n",[208,212,216,220,224,228],{"title":209,"use_case":210,"icon_asset_id":211},"Commercial lenders","Securing a business loan against a borrower's equipment or receivables portfolio","persona-lender",{"title":213,"use_case":214,"icon_asset_id":215},"Small business owners","Pledging inventory or machinery as collateral to access working capital","persona-small-business-owner",{"title":217,"use_case":218,"icon_asset_id":219},"Corporate finance teams","Documenting inter-company secured lending arrangements over movable assets","persona-cfo",{"title":221,"use_case":222,"icon_asset_id":223},"Equipment financing companies","Registering a security interest in financed equipment under Quebec civil law","persona-leasing-company",{"title":225,"use_case":226,"icon_asset_id":227},"Notaries and legal professionals","Preparing a compliant hypothec deed for client execution and RPMRR publication","persona-lawyer",{"title":229,"use_case":230,"icon_asset_id":231},"Real estate and asset investors","Taking a movable hypothec over business assets as part of a broader acquisition financing","persona-investor",[233,237,241,245,249,253,257],{"situation":234,"recommended_template":235,"slug":236},"Securing a loan against immovable property such as land or buildings","Deed of Hypothec on Immovables","deed-of-hypothec-on-movables-D981",{"situation":238,"recommended_template":239,"slug":240},"Pledging receivables only, with daily fluctuating balances","Floating Charge / Hypothec on Universality of Receivables","hypothec-on-movables-D987",{"situation":242,"recommended_template":243,"slug":244},"Securing obligations under common-law personal property rules outside Quebec","General Security Agreement","security-agreement-D915",{"situation":246,"recommended_template":247,"slug":248},"Lender requires a pledge of shares or investment securities","Share Pledge Agreement","share-donation-agreement-D341",{"situation":250,"recommended_template":251,"slug":252},"Short-term asset-backed financing with a fixed repayment schedule","Secured Promissory Note","secured-lumpsum-promissory-note-agreement-D13041",{"situation":254,"recommended_template":255,"slug":256},"Multiple creditors sharing a security interest in the same movable assets","Inter-Creditor Agreement","inter-company-services-agreement-D886",{"situation":258,"recommended_template":259,"slug":260},"Borrower is an individual consumer rather than a business entity","Consumer Hypothec Agreement","moveable-hypothec-agreement-D990",[262,265,268,271,274,277,280,283,286,289,292,295],{"term":263,"definition":264},"Hypothec","A real right granted by a debtor to a creditor over specific property as security for an obligation, without transferring possession of the property to the creditor.",{"term":266,"definition":267},"Movable Property","Under Quebec civil law, any property that is not immovable — including equipment, vehicles, inventory, receivables, intellectual property, and securities.",{"term":269,"definition":270},"Grantor / Debtor","The party who owns the charged movable assets and grants the hypothec to the creditor as security for a debt or obligation.",{"term":272,"definition":273},"Hypothecary Creditor","The lender or secured party who holds the hypothec and has the right to exercise hypothecary remedies upon the debtor's default.",{"term":275,"definition":276},"RPMRR","The Register of Personal and Movable Real Rights — Quebec's public registry where movable hypothecs must be published to be enforceable against third parties.",{"term":278,"definition":279},"Publication","The act of registering a security right in a public registry (such as the RPMRR) to make it opposable to third parties including other creditors and trustees in bankruptcy.",{"term":281,"definition":282},"Hypothecary Remedies","The four enforcement rights available to a hypothecary creditor upon default: taking in payment, sale by creditor, sale under judicial authority, and taking possession for administration.",{"term":284,"definition":285},"Prior Claim","A statutory preferential right that ranks ahead of hypothecs in the distribution of proceeds — examples include claims of employees for wages and tax authorities.",{"term":287,"definition":288},"Universality","A grouping of present and future assets of the same nature — such as all inventory or all receivables — that can be hypothecated as a single body of property under Article 2666 CCQ.",{"term":290,"definition":291},"Floating Hypothec","A hypothec over a universality of assets that allows the debtor to freely use and dispose of the charged assets in the ordinary course of business until crystallization on default.",{"term":293,"definition":294},"Subrogation","The creditor's right to step into the debtor's position and claim proceeds, insurance payments, or damages that arise from or replace the hypothecated movable property.",{"term":296,"definition":297},"Civil Code of Quebec (CCQ)","The statute governing private law in Quebec, including all rules for the creation, publication, ranking, and enforcement of hypothecs on movable and immovable property.",[299,304,309,314,319,324,329,334,339,344],{"name":300,"plain_english":301,"sample_language":302,"common_mistake":303},"Identification of parties and recitals","Names the grantor (debtor) and the hypothecary creditor as legal entities, states their addresses, and briefly describes the underlying obligation being secured.","This Deed of Hypothec on Movables is granted on [DATE] by [GRANTOR FULL LEGAL NAME], a [ENTITY TYPE] incorporated under the laws of [JURISDICTION], with its registered office at [ADDRESS] (the 'Grantor'), in favour of [CREDITOR FULL LEGAL NAME] (the 'Creditor'), as security for the Secured Obligations described herein.","Using a trade name instead of the full registered legal name. A mismatch between the deed and the RPMRR registration invalidates publication and can void the hypothec's priority against third parties.",{"name":305,"plain_english":306,"sample_language":307,"common_mistake":308},"Description of the secured obligation","Sets out the principal amount of the loan or obligation, the interest rate, repayment schedule, and a reference to the underlying loan agreement or promissory note.","The Grantor hypothecates the Charged Property as security for the payment and performance of all amounts owing under the Loan Agreement dated [DATE] between the Grantor and the Creditor, including principal of $[AMOUNT], interest at [RATE]% per annum, and all fees, costs, and ancillary charges.","Describing the secured obligation too narrowly — limiting it to a fixed principal only. If the loan is later increased or restructured, the hypothec may not cover the additional amounts without a new deed.",{"name":310,"plain_english":311,"sample_language":312,"common_mistake":313},"Hypothec amount and interest","States the maximum amount for which the hypothec is granted — which must be a fixed sum under Quebec law — and the rate of interest secured.","The Grantor hereby grants a hypothec in the amount of $[HYPOTHEC AMOUNT] together with interest at the rate of [RATE]% per annum in favour of the Creditor on the Charged Property described in Schedule A.","Setting the hypothec amount equal to the loan principal without adding a buffer for interest, fees, and enforcement costs. Best practice is to set the hypothec amount at 125–150% of the principal to cover all ancillary amounts.",{"name":315,"plain_english":316,"sample_language":317,"common_mistake":318},"Description of the charged movable property","Identifies with precision the movable assets subject to the hypothec — either by specific item or as a universality of assets of a defined category.","The hypothec is granted over all of the Grantor's present and after-acquired [EQUIPMENT / INVENTORY / RECEIVABLES / OTHER MOVABLES] more particularly described in Schedule A attached hereto, together with all proceeds, accessions, and replacements thereof (the 'Charged Property').","Using generic descriptions like 'all business assets' without specifying the category of movable. An insufficiently defined description can be challenged at registration and may fail to attach to specific assets.",{"name":320,"plain_english":321,"sample_language":322,"common_mistake":323},"Grantor's representations and warranties","The debtor confirms ownership of the charged assets, the absence of prior encumbrances other than those disclosed, and the authority to grant the hypothec.","The Grantor represents and warrants that: (a) it is the owner of the Charged Property free and clear of all encumbrances except as disclosed in Schedule B; (b) it has full authority to grant this hypothec; and (c) the Charged Property is not subject to any prior ranking security interest except as disclosed.","Omitting a schedule of prior encumbrances. Undisclosed prior hypothecs discovered after execution can trigger an event of default and expose the grantor to a fraud claim.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Grantor's covenants and maintenance obligations","Requires the debtor to maintain, insure, and preserve the charged assets, and restricts the debtor from disposing of or further encumbering them without creditor consent.","The Grantor shall: (a) maintain the Charged Property in good repair and working condition; (b) keep it insured against loss or damage for no less than its full replacement value naming the Creditor as loss payee; and (c) not sell, lease, or otherwise dispose of the Charged Property outside the ordinary course of business without the prior written consent of the Creditor.","Allowing ordinary-course-of-business exceptions for inventory without defining what constitutes ordinary course. A debtor can sell substantially all inventory and claim ordinary course if the boundary is left undefined.",{"name":330,"plain_english":331,"sample_language":332,"common_mistake":333},"Events of default","Lists the specific events that trigger the creditor's right to exercise hypothecary remedies — typically payment failure, insolvency, breach of covenants, or material adverse change.","Each of the following constitutes an Event of Default: (a) failure to pay any amount when due under the Loan Agreement; (b) any proceeding in bankruptcy, insolvency, or receivership commenced by or against the Grantor; (c) any material breach of this Deed not remedied within [X] days of written notice; or (d) any other event of default as defined in the Loan Agreement.","Cross-referencing events of default in the loan agreement without reproducing them or attaching the loan agreement as a schedule. If the loan agreement is amended, the default provisions in the deed can become inconsistent.",{"name":335,"plain_english":336,"sample_language":337,"common_mistake":338},"Hypothecary remedies","Sets out the four remedies available to the creditor under the Civil Code of Quebec upon an event of default and confirms that written notice requirements will be followed.","Upon the occurrence and continuance of an Event of Default, the Creditor may, at its option and subject to the prior notice requirements of the Civil Code of Quebec: (a) take the Charged Property in payment of the Secured Obligations; (b) sell the Charged Property by private or judicial sale; (c) take possession and administer the Charged Property; or (d) cause the Charged Property to be sold under judicial authority.","Omitting the 20-day prior notice requirement for taking in payment (Article 2758 CCQ). Failure to comply with statutory notice periods voids the remedy and exposes the creditor to a claim for damages.",{"name":340,"plain_english":341,"sample_language":342,"common_mistake":343},"Publication and registration","Requires the creditor to register the hypothec in the RPMRR and confirms the Grantor's cooperation with registration formalities.","The Creditor is hereby authorized to publish this hypothec in the Register of Personal and Movable Real Rights (RPMRR) at the Grantor's expense. The Grantor shall execute all documents and provide all information necessary to effect and maintain such publication.","Failing to specify who bears the registration cost. If left silent, disputes arise — and if the creditor bears the cost but fails to register, the hypothec is enforceable only between the parties and not against third-party creditors or a trustee in bankruptcy.",{"name":345,"plain_english":346,"sample_language":347,"common_mistake":348},"Governing law and general provisions","Confirms that Quebec law governs the deed, includes the entire-agreement clause, severability, and waiver provisions.","This Deed is governed by and construed in accordance with the laws of the Province of Quebec and the Civil Code of Quebec. This Deed constitutes the entire agreement of the parties with respect to the hypothec on the Charged Property and supersedes all prior agreements, representations, and understandings relating thereto.","Choosing a common-law governing jurisdiction for a movable hypothec over Quebec assets. Quebec courts apply CCQ rules regardless of a foreign choice-of-law clause, and a mismatched governing law creates unenforceable remedy provisions.",[350,355,360,365,370,375,380,385],{"step":351,"title":352,"description":353,"tip":354},1,"Identify the parties with full legal names","Enter the grantor's and creditor's exact registered legal names, entity types, and addresses as they appear in corporate registry filings. These must match the names used in the RPMRR registration exactly.","Pull the grantor's name directly from their Quebec enterprise registrar (REQ) entry — even a minor spelling difference can invalidate the registration.",{"step":356,"title":357,"description":358,"tip":359},2,"Describe the underlying secured obligation precisely","Reference the loan agreement or promissory note by date and parties, state the principal amount, interest rate, and repayment schedule. Attach the loan agreement as Schedule B if it is not otherwise filed.","Include an 'and all amounts that may be owing from time to time' catch-all to cover future advances, fees, and interest without requiring a new deed.",{"step":361,"title":362,"description":363,"tip":364},3,"Set the hypothec amount at a buffer above the principal","State the hypothec amount as a fixed sum — typically 125–150% of the loan principal — to cover accrued interest, enforcement costs, and any future advances up to the stated ceiling.","The hypothec amount is the maximum sum the charged property secures, not the loan balance. Setting it too low leaves part of the debt unsecured.",{"step":366,"title":367,"description":368,"tip":369},4,"Draft a precise description of the charged movables","List the specific assets by type, serial number, or category, or define a universality of assets (e.g., 'all present and after-acquired inventory'). Attach a detailed schedule for itemized assets.","For equipment, include manufacturer, model, and serial number in Schedule A. For a universality, define the category narrowly enough to be identifiable but broadly enough to capture future replacements.",{"step":371,"title":372,"description":373,"tip":374},5,"Complete the grantor's representations and disclose prior encumbrances","Have the grantor confirm ownership and authority, and list any existing hypothecs, liens, or security interests on the charged assets in a Schedule B disclosure.","Run an RPMRR search against the grantor's name before execution to verify all disclosed encumbrances and confirm there are no undisclosed registrations.",{"step":376,"title":377,"description":378,"tip":379},6,"Define events of default with cure periods","List each triggering event specifically and include a cure period (typically 10–30 days) for remediable breaches. Cross-reference any additional defaults in the loan agreement.","Negotiate cure periods that match the grantor's operational reality — a 10-day cure period for a seasonal inventory business can trigger technical defaults that the parties never intended.",{"step":381,"title":382,"description":383,"tip":384},7,"Execute the deed with proper formalities","Both parties must sign the deed before a witness or, where required, before a Quebec notary. Confirm whether the transaction requires a notarial deed in authentic form or a deed under private writing.","A deed in authentic form (before a notary) is required for certain hypothecs — including those given by a natural person — and carries evidentiary weight that a private deed does not.",{"step":386,"title":387,"description":388,"tip":389},8,"Publish the hypothec in the RPMRR promptly after execution","File a registration application in the RPMRR within the agreed timeframe — typically within 5 business days of execution. Confirm the registration number and attach it to the loan file.","Priority among creditors is determined by the date and time of registration, not the date of the deed. A one-day delay in registration can cost you priority over a competing creditor.",[391,395,399,403,407,411],{"mistake":392,"why_it_matters":393,"fix":394},"Setting the hypothec amount equal to the loan principal only","The hypothec amount is the ceiling of the creditor's secured claim. If interest, fees, and enforcement costs exceed that amount, the excess is unsecured and ranks behind other creditors in distribution.","Set the hypothec amount at 125–150% of the loan principal and expressly include interest, costs of enforcement, and any future advances up to the stated maximum.",{"mistake":396,"why_it_matters":397,"fix":398},"Delaying registration in the RPMRR after execution","Priority among competing hypothecary creditors is determined by registration date and time, not the date of the deed. A creditor who registers one day later ranks behind an earlier registrant, even if their deed was signed first.","File the RPMRR registration within one business day of execution as standard practice, and confirm the registration timestamp immediately after filing.",{"mistake":400,"why_it_matters":401,"fix":402},"Using a generic asset description without a detailed schedule","A description that reads 'all business assets' or 'equipment' without further identification can fail to attach to specific assets, be challenged as insufficiently certain, and leave key collateral outside the hypothec.","Attach a Schedule A listing each asset by type, model, and serial number for specific items, or define the universality category precisely (e.g., 'all accounts receivable arising from the sale of goods in the Grantor's ordinary course of business').",{"mistake":404,"why_it_matters":405,"fix":406},"Omitting the prior-notice requirement for hypothecary remedies","The Civil Code of Quebec requires a creditor to send a prior notice — typically 20 days for taking in payment — before exercising hypothecary remedies. Skipping or shortening this notice period voids the remedy entirely.","Include the statutory notice periods verbatim in the remedies clause and build a compliance checklist so that creditor counsel follows the prescribed steps in sequence before exercising any remedy.",{"mistake":408,"why_it_matters":409,"fix":410},"Failing to run an RPMRR search before execution","If undisclosed prior hypothecs exist on the charged assets, the new creditor may rank behind them in a default scenario, receiving little or no recovery despite holding a registered security interest.","Conduct an RPMRR search against the grantor's name and against each specific asset no more than 48 hours before execution, and require the grantor to represent and warrant that the search results are complete.",{"mistake":412,"why_it_matters":413,"fix":414},"Choosing a non-Quebec governing law for assets located in Quebec","Quebec courts apply the Civil Code of Quebec to movable hypothecs over Quebec-situated assets regardless of any choice-of-law clause. Remedy provisions drafted under common-law concepts (e.g., PPSA enforcement) will be unenforceable in Quebec.","Always specify Quebec law and the Civil Code of Quebec as governing law in the deed, and ensure the remedies clause mirrors CCQ Articles 2748–2762 precisely.",[416,419,422,425,428,431,434,437,440,443],{"question":417,"answer":418},"What is a deed of hypothec on movables?","A deed of hypothec on movables is a formal security agreement under Quebec civil law that grants a creditor a real right — a hypothec — over a debtor's movable property, such as equipment, inventory, receivables, or intellectual property, as collateral for a loan or other financial obligation. Unlike a mortgage, which covers immovable property such as land, a movable hypothec attaches to personal property and must be published in Quebec's Register of Personal and Movable Real Rights (RPMRR) to be effective against third parties. It is the Quebec civil law equivalent of a security agreement or general security agreement used in common-law provinces.\n",{"question":420,"answer":421},"What types of assets can be subject to a movable hypothec?","Under the Civil Code of Quebec, almost any movable property can be hypothecated — including physical assets such as machinery, vehicles, and inventory; financial assets such as receivables and bank accounts; and intangible assets such as intellectual property, software licences, and goodwill. A hypothec can be granted over specific identified assets or over a universality of assets of a defined category — for example, all present and after-acquired inventory — which allows the debtor to continue using and replacing assets in the ordinary course of business.\n",{"question":423,"answer":424},"How is a deed of hypothec on movables different from a general security agreement?","A general security agreement (GSA) is a common-law instrument used in Canadian provinces governed by Personal Property Security Acts (PPSA) — Ontario, British Columbia, Alberta, and others. A deed of hypothec on movables serves the same economic function but is governed exclusively by the Civil Code of Quebec and must follow distinct formal requirements, including publication in the RPMRR rather than a PPSA registry. The enforcement remedies are also different: Quebec law provides four specific hypothecary remedies, while PPSA regimes use a different set of secured-party enforcement rights. For assets located in Quebec, only the movable hypothec provides an enforceable Quebec-law security interest.\n",{"question":426,"answer":427},"Does a deed of hypothec on movables need to be notarized?","It depends on the nature of the transaction and the grantor. A movable hypothec granted by a legal person (corporation) can be created by a deed under private writing — signed by both parties without a notary. However, a hypothec granted by a natural person (individual) in certain contexts may require a notarial deed in authentic form. Even where not strictly required, executing the deed before a Quebec notary provides greater evidentiary weight and simplifies enforcement in court. Always confirm the formal requirements with a Quebec notary or lawyer before execution.\n",{"question":429,"answer":430},"What is the RPMRR and why is registration essential?","The RPMRR — Registre des droits personnels et réels mobiliers — is Quebec's public registry for personal and movable real rights, including movable hypothecs. Registration (called publication in civil law) makes the hypothec opposable to third parties — meaning it ranks against other creditors, buyers, and a trustee in bankruptcy. An unregistered hypothec is valid between the parties but has no priority over third-party creditors. Priority among competing hypothecs is determined by the date and time of registration, making prompt filing after execution critical.\n",{"question":432,"answer":433},"What remedies does a hypothecary creditor have on default?","The Civil Code of Quebec provides four hypothecary remedies: (1) taking in payment — the creditor takes ownership of the charged property in full satisfaction of the debt; (2) sale by the creditor — the creditor sells the property privately or by judicial sale and applies proceeds to the debt; (3) taking possession for administration — the creditor takes over and operates the charged assets to generate income; and (4) sale under judicial authority — a court-supervised sale. All remedies require a prior notice to the debtor (typically 20 days) under Articles 2757–2758 CCQ, and the taking in payment remedy requires the debtor to have no equity in the property or to waive their equity.\n",{"question":435,"answer":436},"Can a movable hypothec cover future assets not yet owned by the debtor?","Yes. Under Article 2666 of the Civil Code of Quebec, a hypothec can be granted over a universality of present and future movable assets of the same nature, such as all present and after-acquired inventory or all receivables. The hypothec attaches to future assets automatically as the debtor acquires them, without the need for a new deed. However, the universality must be defined precisely — a vague catch-all description may not attach to assets that fall outside the defined category.\n",{"question":438,"answer":439},"How does a movable hypothec rank against other creditors?","Ranking among hypothecs is generally determined by publication date in the RPMRR — earlier registration takes priority. However, certain prior claims under Quebec law — such as employee wage claims, municipal taxes, and certain government debts — rank ahead of all hypothecs regardless of registration date. In insolvency proceedings, federal law (Bankruptcy and Insolvency Act) also affects ranking, particularly for Crown claims and employee super-priority for pension contributions. A creditor should conduct thorough due diligence on existing encumbrances and prior claims before advancing funds.\n",{"question":441,"answer":442},"Is a deed of hypothec on movables enforceable outside Quebec?","The movable hypothec is a Quebec civil law instrument and its enforceability in other jurisdictions depends on conflict-of-laws rules applied by foreign courts. Common-law provinces recognize Quebec hypothecs over assets physically located in Quebec but may require re-registration under provincial PPSA rules if the debtor or assets move to another province. For cross-border secured lending involving assets in multiple provinces, lenders typically take both a movable hypothec (for Quebec assets) and a PPSA general security agreement (for assets in other provinces) to ensure full coverage.\n",{"question":444,"answer":445},"Do I need a lawyer to prepare a deed of hypothec on movables?","For straightforward commercial transactions with a clear asset description and an existing loan agreement, a high-quality template provides a solid structural starting point. However, given the specific formal requirements of the Civil Code of Quebec, the registration process in the RPMRR, and the complex ranking rules among creditors, engaging a Quebec notary or civil law lawyer for at least a review — and execution before a notary where required — is strongly recommended. The cost of legal review ($500–$1,500) is modest relative to the amount typically secured and the consequences of an unenforceable hypothec in default.\n",[447,451,455,459,463,467],{"industry":448,"icon_asset_id":449,"specifics":450},"Manufacturing","industry-manufacturing","Equipment financing secured by specific machinery and production assets registered by serial number in the RPMRR to protect priority against competing creditors.",{"industry":452,"icon_asset_id":453,"specifics":454},"Retail and Wholesale","industry-retail","Floating hypothec over a universality of inventory, allowing the debtor to buy and sell stock in the ordinary course while the creditor maintains a continuing security interest in aggregate inventory.",{"industry":456,"icon_asset_id":457,"specifics":458},"Financial Services","industry-fintech","Hypothec over a portfolio of receivables or loans as collateral for warehouse lending or securitization facilities, with subrogation rights over insurance and collection proceeds.",{"industry":460,"icon_asset_id":461,"specifics":462},"Technology / SaaS","industry-saas","Hypothec over intellectual property, software licences, and receivables from subscription contracts, with careful definition of intangible asset categories to ensure attachment and registration.",{"industry":464,"icon_asset_id":465,"specifics":466},"Construction","industry-construction","Hypothec over heavy equipment, vehicles, and construction materials, often combined with a legal hypothec of construction in favour of contractors and subcontractors.",{"industry":468,"icon_asset_id":469,"specifics":470},"Healthcare","industry-healthtech","Hypothec over medical equipment and diagnostic devices, with compliance considerations for assets subject to Health Canada regulations and restrictions on disposal or transfer.",[472,475,478,481],{"vs":243,"vs_template_id":473,"summary":474},"general-security-agreement-D12690","A general security agreement (GSA) is a common-law security instrument registered under provincial PPSA legislation outside Quebec. A deed of hypothec on movables is its Quebec civil law equivalent, governed by the Civil Code of Quebec and published in the RPMRR. For assets located in Quebec, only the movable hypothec provides an enforceable Quebec-law security interest; a GSA registered in a PPSA registry does not perfect a security interest over Quebec-situated assets.",{"vs":235,"vs_template_id":476,"summary":477},"","A deed of hypothec on immovables (mortgage) secures a creditor's interest in real property — land and buildings — under Quebec civil law and is published in the Land Register. A movable hypothec covers personal property such as equipment, inventory, and receivables and is published in the RPMRR. The two instruments complement each other in transactions where both real and personal property are pledged as collateral.",{"vs":87,"vs_template_id":479,"summary":480},"promissory-note-D12689","A promissory note is the borrower's written promise to repay a sum — it evidences the debt but does not create a security interest in any property. A deed of hypothec on movables is a security document that charges specific assets as collateral for the repayment obligation evidenced by the note. In most secured lending transactions, both documents are executed together: the note establishes the debt; the hypothec secures it.",{"vs":482,"vs_template_id":476,"summary":483},"Pledge Agreement","A pledge (nantissement) under Quebec civil law requires the creditor to take physical possession of the pledged asset — a diamond, a promissory note, or certificated shares. A movable hypothec, by contrast, allows the debtor to retain possession and continue using the charged assets. For assets the debtor needs to operate its business — equipment, inventory, vehicles — a movable hypothec is the appropriate instrument rather than a pledge.",{"use_template":485,"template_plus_review":489,"custom_drafted":493},{"best_for":486,"cost":487,"time":488},"Straightforward commercial hypothecs between businesses with a clear asset description and an existing loan agreement","Free","1–2 hours",{"best_for":490,"cost":491,"time":492},"Any transaction where asset categories are complex, prior encumbrances exist, or the hypothec amount exceeds $100,000","$500–$1,500 for a Quebec notary or civil law lawyer review","2–5 business days",{"best_for":494,"cost":495,"time":496},"Large-scale secured financings, syndicated lending, cross-border transactions, or hypothecs over complex intangible or IP assets","$2,500–$10,000+","1–3 weeks",[498,503,508,513],{"code":499,"name":500,"flag_asset_id":501,"note":502},"us","United States","flag-us","The US equivalent of a movable hypothec is a security interest under Article 9 of the Uniform Commercial Code (UCC), perfected by filing a UCC-1 financing statement in the debtor's state of organization. The hypothec concept does not exist in US law. For cross-border transactions involving US-based debtors with Quebec assets, lenders typically take a Quebec movable hypothec over Quebec-situated collateral in addition to any UCC filing.",{"code":504,"name":505,"flag_asset_id":506,"note":507},"ca","Canada","flag-ca","Outside Quebec, Canadian provinces are governed by Personal Property Security Acts (PPSA), and security interests in personal property are perfected by registering a financing statement in the applicable provincial PPSA registry. Quebec is the only province where the Civil Code hypothec regime applies. For assets straddling Quebec and other provinces, lenders must register in both the RPMRR and the relevant PPSA registry. Federal insolvency law (BIA, CCAA) affects enforcement priorities nationally regardless of the security instrument used.",{"code":509,"name":510,"flag_asset_id":511,"note":512},"uk","United Kingdom","flag-uk","The UK equivalent for security over personal property is a fixed or floating charge, created by a debenture and registered at Companies House under the Companies Act 2006. The hypothec is a civil law concept with no direct UK counterpart. For Quebec assets owned by a UK-incorporated debtor, a Quebec movable hypothec is required in addition to any English-law security package. Cross-border enforcement of Quebec hypothecary remedies in the UK requires recognition proceedings.",{"code":514,"name":515,"flag_asset_id":516,"note":517},"eu","European Union","flag-eu","Several EU member states — France, Belgium, and Luxembourg in particular — have civil law security instruments analogous to the Quebec movable hypothec, including the nantissement and the gage commercial. However, the specific rules, registration requirements, and remedies differ materially by member state, and Quebec hypothec documentation is not directly portable into EU jurisdictions. GDPR considerations arise when the charged assets include databases containing personal data, as the creditor's access to those assets on enforcement must be structured to comply with applicable data protection law.",[519,244,520,521,236,256,522,523,524,525,526,248],"promissory-note-D434","loan-agreement-D417","personal-guarantee-D405","equipment-lease-agreement-D1140","demand-for-extension-of-payment-date-D444","notice-of-default-in-payment-D391","forbearance-agreement-D12966","assignment-D942",{"emit_how_to":200,"emit_defined_term":200},{"primary_folder":117,"secondary_folder":529,"document_type":530,"industry":531,"business_stage":532,"tags":533,"confidence":539},"guaranties-and-collateral","agreement","general","all-stages",[534,535,536,537,538],"security-agreement","collateral","hypothec","movables","quebec-civil-law",0.95,"\u003Ch2>What is a Deed of Hypothec on Movables?\u003C/h2>\n\u003Cp>A \u003Cstrong>Deed of Hypothec on Movables\u003C/strong> is a formal security agreement under Quebec civil law that grants a lender or creditor a real right — a hypothec — over a borrower's movable property as collateral for a loan or other financial obligation. Movable property in this context includes tangible assets such as equipment, vehicles, and inventory, as well as intangible assets such as receivables, intellectual property, and software licences. Unlike a pledge, which requires the creditor to take physical possession of the pledged asset, a movable hypothec allows the debtor to retain and use the charged property while the creditor holds a registered security interest enforceable upon default. The deed is governed by the Civil Code of Quebec (CCQ) and must be published in the Register of Personal and Movable Real Rights (RPMRR) to be effective against third parties and competing creditors.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a properly drafted and registered deed of hypothec on movables, a lender advancing funds against a borrower's assets has no enforceable priority claim over those assets in insolvency, competing creditor proceedings, or a sale of the business. An unpublished hypothec — or one published late — can rank behind creditors who registered the same day, leaving the original lender partially or entirely unsecured. A poorly described asset schedule can fail to attach to key collateral, and remedies clauses that omit the statutory notice requirements under Articles 2757–2758 CCQ can be voided by a Quebec court, forcing the creditor to restart enforcement from the beginning. This template provides the structural framework to avoid all four failure points, giving lenders a defensible, publication-ready deed while giving borrowers clear visibility into their obligations — from asset maintenance covenants through to the exact sequence of events that triggers hypothecary enforcement.\u003C/p>\n",1781186041995]