[{"data":1,"prerenderedAt":534},["ShallowReactive",2],{"document-deed-of-pledge-universality-of-movable-property-D984":3},{"document":4,"label":23,"preview":11,"thumb":24,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":25,"breadcrumb":29,"related":35,"customDescModule":182,"customdescription":6,"mdFm":183,"mdProseHtml":533},{"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 PLEDGE ON A UNIVERSALITY OF MOVABLE PROPERTY This Deed of Pledge on a Universality of Movable Property (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Supplier\"), 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 \"Purchaser\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS Purchaser has requested that [YOUR COMPANY NAME] supply or continue to supply to Purchaser, on credit, certain products and [YOUR COMPANY NAME] has agreed to do so provided Purchaser executes and delivers this Agreement; NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the parties hereto, Purchaser hereby covenants and agrees with [YOUR COMPANY NAME] as follows: DEFINITIONS For the purposes of this Agreement, the following term shall have the following meaning: (a) \"Products\" means the movable property, present and future, forming part of the universality comprising all products purchased from [YOUR COMPANY NAME] and owned by the Purchaser and includes [DESCRIBE PRODUCTS] and which bear the trademark \"[YOUR COMPANY NAME]\" and other trademarks or trade names used by [YOUR COMPANY NAME] and includes all attachments, replacements, substitutions, supplies, accessories, accessions and additions thereto or therefore. 2. PRINCIPAL PLEDGE As general and continuing security for payment of all monies owing or to be owing by Purchaser to [YOUR COMPANY NAME] and performance of all obligations of Purchaser to [YOUR COMPANY NAME], whether under this Agreement or any other agreement between the Parties, Purchaser hereby grants to and in favor of [YOUR COMPANY NAME] a pledge on the Products up to a capital amount of [AMOUNT] with interest at the rate of [%] per annum. 3. PAYMENT Purchaser covenants to pay [YOUR COMPANY NAME] for the Products in accordance with the terms in effect between them, as established from time to time. Notwithstanding, upon default under the terms of this Agreement, [YOUR COMPANY NAME] may declare all or any part of the monies owing to it to be immediately due and payable. All monies due shall bear interest at the rate of [%] per annum until payment has been made in full both before and after judgment rendered thereon. PURCHASER'S COVENANTS Purchaser covenants that the Products are being purchased as inventory for sale, lease or rent and are and shall be kept free and clear of all taxes, prior claims, pledges and charges, save for the pledge created herein, at Purchaser's authorized premises. Purchaser further covenants to pay or cause to be paid all rents due on the premises wherein the Products are located and all assessments, taxes or rates which could result in the creation of a prior claim or legal pledge. [YOUR COMPANY NAME] and its representatives shall have reasonable access to the Products and any and all records, documents, papers, discs or programs relating to or being records of the Products and their proceeds, to inspect them, at any reasonable time. Purchaser also agrees to furnish to [YOUR COMPANY NAME] such financial and operating information and statements as [YOUR COMPANY NAME] may request. INSURANCE Purchaser, at his expense, shall keep the Products insured against loss or damage for their full replacement value with loss payable to Purchaser, [YOUR COMPANY NAME] and other interested Parties, as their respective interests may appear. Upon request, Purchaser shall provide [YOUR COMPANY NAME] with a certified copy of Purchaser's insurance policy and any renewal thereof. Products, from date of shipment, shall be at Purchaser's risk and no loss, damage, destruction or confiscation of Products shall relieve, reduce or affect liability of Purchaser hereunder. Purchaser shall immediately give written notice to [YOUR COMPANY NAME] of any loss or damage to the Products or any part thereof. ADDITIONAL PLEDGE To ensure payment of any sum of money that is not secured by the principal pledge created hereinabove, in particular, the interest due beyond the current year and the [NUMBER] preceding years, interest on the interest, as well as all other expenses incurred by [YOUR COMPANY NAME] for the protection and enforcement of its pledgeary claim, including, without limitation, insurance premiums, taxes, legal and accounting expenses and other accessories, an additional pledge equivalent to [%] of the capital amount secured hereunder is granted by the Purchaser to and in favor of [YOUR COMPANY NAME] on the same Products. LAPSE OF TIME AND DEFAULT Purchaser will be put into default merely by the lapse of time for fulfilling any of the obligations set out herein, without necessity for any notice or formal putting into default. PLEDGES OR PRIOR CHARGES Purchaser undertakes that the Products will at all times remain free of any prior claim, pledge or charge whatsoever which may take precedence over [YOUR COMPANY NAME]'s rights. Purchaser covenants, upon request and at its expense, to deliver to [YOUR COMPANY NAME] any waiver, assignment or cession of rank, acquittance or release which [YOUR COMPANY NAME] may deem necessary to preserve the priority of its rights in the Products pledgeated hereby. DEALING WITH PRODUCTS For as long as it is not in default, the Purchaser may lease, sell or otherwise dispose of the Products destined for lease or sale, and retain the proceeds thereof, provided that same be in the ordinary course of business of the Enterprise and in order to ensure the continuation thereof",null,"Deed of Pledge Universality of Movable Property","5",59,"doc","https://templates.business-in-a-box.com/imgs/1000px/deed-of-pledge_universality-of-movable-property-D984.png","https://templates.business-in-a-box.com/imgs/250px/984.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#984.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 pledge universality movable property","Deed of Pledge Universality of Movable Property Template","https://templates.business-in-a-box.com/imgs/400px/984.png",[26,16,19],{"label":27,"url":28},"Templates","/templates/",[30,31,32],{"label":27,"url":28},{"label":17,"url":18},{"label":33,"url":34},"Guaranties & Collateral","/templates/guaranties-and-collateral/",[36,40,44,48,52,56,59,63,67,71,75,79,83,99,117,134,151,166],{"label":37,"url":38,"thumb":39,"extension":10},"Deed of Sale Real Estate Property","/template/deed-of-sale-real-estate-property-D1172","https://templates.business-in-a-box.com/imgs/250px/1172.png",{"label":41,"url":42,"thumb":43,"extension":10},"Deed of Movable Hypothec","/template/deed-of-movable-hypothec-D982","https://templates.business-in-a-box.com/imgs/250px/982.png",{"label":45,"url":46,"thumb":47,"extension":10},"Deed of Pledge Loan","/template/deed-of-pledge-loan-D983","https://templates.business-in-a-box.com/imgs/250px/983.png",{"label":49,"url":50,"thumb":51,"extension":10},"Pledge of Personal Property","/template/pledge-of-personal-property-D406","https://templates.business-in-a-box.com/imgs/250px/406.png",{"label":53,"url":54,"thumb":55,"extension":10},"Offer to Purchase Real Estate Property","/template/offer-to-purchase-real-estate-property-D1190","https://templates.business-in-a-box.com/imgs/250px/1190.png",{"label":53,"url":57,"thumb":58,"extension":10},"/template/offer-to-purchase-real-estate-property-D1189","https://templates.business-in-a-box.com/imgs/250px/1189.png",{"label":60,"url":61,"thumb":62,"extension":10},"Option to Purchase Real Estate Property","/template/option-to-purchase-real-estate-property-D1194","https://templates.business-in-a-box.com/imgs/250px/1194.png",{"label":64,"url":65,"thumb":66,"extension":10},"Property Management Agreement","/template/property-management-agreement-D1196","https://templates.business-in-a-box.com/imgs/250px/1196.png",{"label":68,"url":69,"thumb":70,"extension":10},"Notice of Unclaimed Property at Auction","/template/notice-of-unclaimed-property-at-auction-D1218","https://templates.business-in-a-box.com/imgs/250px/1218.png",{"label":72,"url":73,"thumb":74,"extension":10},"Property Management Policy","/template/property-management-policy-D13754","https://templates.business-in-a-box.com/imgs/250px/13754.png",{"label":76,"url":77,"thumb":78,"extension":10},"Deed of Sale and Assignment Lease","/template/deed-of-sale-and-assignment-lease-D1171","https://templates.business-in-a-box.com/imgs/250px/1171.png",{"label":80,"url":81,"thumb":82,"extension":10},"Bill of Sale Immovable Property","/template/bill-of-sale-immovable-property-D1167","https://templates.business-in-a-box.com/imgs/250px/1167.png",{"description":84,"descriptionCustom":6,"label":85,"pages":86,"size":87,"extension":10,"preview":88,"thumb":89,"svgFrame":90,"seoMetadata":91,"parents":93,"keywords":97,"url":98},"SUBCONTRACT AGREEMENT This Subcontract Agreement (the \"Agreement\") is made and effective this [Date], BETWEEN: [YOUR COMPANY NAME] (the \"Contractor\"), 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: [SUBCONTRACTOR NAME] (the \"Subcontractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS Contractor has entered into, or will hereafter enter into, a general construction contract, henceforth \"The Prime Contract\" with [General Contractor], to perform in accordance with various contract documents and specifications certain work prepared by [architect], henceforth \"Architect\", and/or to furnish labor, materials, supplies, labor and/or goods required to construct the following named and described construction project: [Describe], henceforth \"The Project\", located in [address], and WHEREAS Contractor desires to retain Subcontractor to perform certain contract work in accordance with various contract documents and specifications and/or to furnish labor, materials, supplies, labor and/or goods for The Project; NOW THEREFORE Contractor and Subcontractor agree as follows: SUBCONTRACT WORK Subcontractor shall be employed as an independent contractor and shall provide and furnish all labor, materials, tools, supplies, equipment, services, facilities, supervision, and administration necessary for the proper and complete performance and acceptance of the following portions of the work, hereinafter \"the Subcontract Work\", for the Project, together with such other portions of the drawings, specifications and addendum as related thereto: SEE EXHIBIT A: Scope, Conditions, And List of Attachments SUBCONTRACTOR PRICE In consideration of Subcontractor's performance of this Subcontract, and at the times and subject to the terms and conditions hereinafter set forth, Contractor shall pay to Subcontractor the total sum of [AMOUNT], hereinafter \"subcontract price.\" Said subcontract price is dependent upon the conditions set forth in Exhibit A being met. Should said conditions not be met, the subcontract amount shall be modified accordingly. SPECIAL CONDITIONS The Special Conditions to Subcontract are incorporated in this Subcontract as though fully set forth herein. Subcontractor hereby acknowledges receipt of the Special Conditions. COMMUNICATION AND NOTICE","Subcontract Agreement","4",513,"https://templates.business-in-a-box.com/imgs/1000px/subcontract-agreement-D172.png","https://templates.business-in-a-box.com/imgs/250px/172.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#172.xml",{"title":92,"description":6},"subcontract agreement",[94],{"label":95,"url":96},"Consultant & Contractors","consulting-contractor-business","loan agreement","/template/loan-agreement-D172",{"description":100,"descriptionCustom":6,"label":101,"pages":102,"size":103,"extension":10,"preview":104,"thumb":105,"svgFrame":106,"seoMetadata":107,"parents":108,"keywords":115,"url":116},"SHARE DONATION AGREEMENT This Share Donation Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"Donor\"), 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 \" Recipient \"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Donor is the sole, true and absolute owner and registered holder of all the issued and outstanding shares in the authorized capital stock of [COMPANY NAME], a company duly incorporated in the [State/Province] of [STATE/PROVINCE];","Share Donation Agreement","1",39,"https://templates.business-in-a-box.com/imgs/1000px/share-donation-agreement-D341.png","https://templates.business-in-a-box.com/imgs/250px/341.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#341.xml",{"title":6,"description":6},[109,112],{"label":110,"url":111},"Finance & Accounting","finance-accounting",{"label":113,"url":114},"Buy & Sell Shares","buy-sell-shares","share donation agreement","/template/share-donation-agreement-D341",{"description":118,"descriptionCustom":6,"label":119,"pages":86,"size":120,"extension":10,"preview":121,"thumb":122,"svgFrame":123,"seoMetadata":124,"parents":125,"keywords":132,"url":133},"MORTGAGE This Mortgage (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Mortgagor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [MORTGAGEE NAME] (the \"Mortgagee\"), 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] RECITALS WHEREAS, Mortgagor is justly indebted to Mortgagee in the sum of [AMOUNT] in lawful money of [COUNTRY], and has agreed to pay the same, with interest thereon, according to the terms of a certain note (the \"Note\") given by Mortgagor to Mortgagee, bearing even date herewith. DESCRIPTION OF PROPERTY SUBJECT TO LIEN: \"PREMISES\" NOW, THEREFORE, in consideration of the premises and the sum hereinabove set forth, and to secure the payment of the Secured Indebtedness as defined herein, Mortgagor has granted, bargained, sold and conveyed, and by these presents does grant, bargain, sell and convey unto Mortgagee property situated in [CITY, STATE/PROVINCE] more particularly described in Exhibit\" A\" attached hereto and by this reference made a part hereof; TOGETHER with all buildings, structures and other improvements now or hereafter located on, above or below the surface of the property herein before described, or any part and parcel thereof; and, TOGETHER with all and singular the tenements, easements, riparian and littoral rights, and appurtenances thereunto belonging or in anywise appertaining, whether now owned or hereafter acquired by Mortgagor, and including all rights of ingress and egress to and from adjoining property (whether such rights now exist or subsequently arise) together with the reversion or reversions, remainder and remainders, rents, issues and profits thereof; and also all the estate, right, title, interest, claim and demand whatsoever of Mortgagor of, in and to the same and of, in and to every part and parcel thereof; and, TOGETHER with all machinery, apparatus, equipment, fittings, fixtures, whether actually or constructively attached to said property and including all trade, domestic and ornamental fixtures, and articles of personal property of every kind and nature whatsoever (hereinafter collectively called \"Equipment\"), now or hereafter located in, upon or under said property or any part thereof and used or usable in connection with any present or future operation of said property and now owned or hereafter acquired by Mortgagor; and, TOGETHER with all the common elements appurtenant to any parcel, unit or lot which is all or part of the Premises; and, ALL the foregoing encumbered by this Mortgage being collectively referred to herein as the \"Premises\"; TO HAVE AND TO HOLD the Premises hereby granted to the use, benefit and behalf of the Mortgagee, forever. EQUITY OF REDEMPTION Conditioned, however, that if Mortgagor shall promptly pay or cause to be paid to Mortgagee, at its address listed in the Note, or at such other place which may hereafter be designated by Mortgagee, its or their successors or assigns, with interest, the principal sum of [AMOUNT] with final maturity, if not sooner paid, as stated in said Note unless amended or extended according to the terms of the Note executed by Mortgagor and payable to the order of Mortgagee, then these presents shall cease and be void, otherwise these presents shall remain in full force and effect. COVENANTS OF MORTGAGOR Mortgagor covenants and agrees with Mortgagee as follows: Secured Indebtedness: This Mortgage is given as security for the Note and also as security for any and all other sums, indebtedness, obligations and liabilities of any and every kind arising, under the Note or this Mortgage, as amended or modified or supplemented from time to time, and any and all renewals, modifications or extensions of any or all of the foregoing (all of which are collectively referred to herein as the \"Secured Indebtedness\"), the entire Secured Indebtedness being equally secured with and having the same priority as any amounts owed at the date hereof. Performance of Note, Mortgage: Mortgagor shall perform, observe and comply with all provisions hereof and of the Note and shall promptly pay, in lawful money of [COUNTRY], to Mortgagee the Secured Indebtedness with interest thereon as provided in the Note, this Mortgage and all other documents constituting the Secured Indebtedness. Extent Of Payment Other Than Principal And Interest: Mortgagor shall pay, when due and payable, (1) all taxes, assessments, general or special, and other charges levied on, or assessed, placed or made against the Premises, this instrument or the Secured Indebtedness or any interest of the Mortgagee in the Premises or the obligations secured hereby; (2) premiums on policies of fire and other hazard insurance covering the Premises, as required herein; (3) ground rents or other lease rentals; and (4) other sums related to the Premises or the indebtedness secured hereby, if any, payable by Mortgagor. Insurance: Mortgagor shall, at its sole cost and expense, keep the Premises insured against all hazards as is customary and reasonable for properties of similar type and nature located in [CITY, STATE/PROVINCE]. Care of Property: Mortgagor shall maintain the Premises in good condition and repair and shall not commit or suffer any material waste to the Premises. ","Mortgage",50,"https://templates.business-in-a-box.com/imgs/1000px/mortgage-D1183.png","https://templates.business-in-a-box.com/imgs/250px/1183.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1183.xml",{"title":6,"description":6},[126,129],{"label":127,"url":128},"Real Estate","real-estate-business",{"label":130,"url":131},"Business Checklists","business-checklists","mortgage","/template/mortgage-D1183",{"description":135,"descriptionCustom":6,"label":136,"pages":137,"size":87,"extension":10,"preview":138,"thumb":139,"svgFrame":140,"seoMetadata":141,"parents":143,"keywords":142,"url":150},"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","2","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":142,"description":6},"personal guarantee",[144,145,148],{"label":110,"url":111},{"label":146,"url":147},"Business Loans","business-loan",{"label":33,"url":149},"guaranties-collateral","/template/personal-guarantee-D405",{"description":152,"descriptionCustom":6,"label":153,"pages":154,"size":155,"extension":10,"preview":156,"thumb":157,"svgFrame":158,"seoMetadata":159,"parents":160,"keywords":164,"url":165},"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},[161,163],{"label":17,"url":162},"business-legal-agreements",{"label":17,"url":162},"security agreement","/template/security-agreement-D915",{"description":167,"descriptionCustom":6,"label":168,"pages":169,"size":103,"extension":10,"preview":170,"thumb":171,"svgFrame":172,"seoMetadata":173,"parents":174,"keywords":180,"url":181},"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","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},[175,176,177],{"label":110,"url":111},{"label":146,"url":147},{"label":178,"url":179},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",false,{"seo":184,"reviewer":197,"legal_disclaimer":201,"quick_facts":202,"at_a_glance":204,"personas":208,"variants":233,"glossary":262,"clauses":296,"how_to_fill":346,"common_mistakes":387,"faqs":412,"industries":440,"comparisons":465,"diy_vs_lawyer":478,"jurisdictions":491,"related_template_ids_curated":512,"schema":520,"classification":521},{"meta_title":185,"meta_description":186,"primary_keyword":187,"secondary_keywords":188},"Deed of Pledge Universality of Movable Property | Free Word Download","Free deed of pledge template for pledging a universality of movable property as collateral. Covers all key clauses for lenders and borrowers.","deed of pledge universality of movable property",[189,190,191,192,193,194,195,196],"deed of pledge template","pledge of movable property","universality of movable property pledge","business asset pledge agreement","commercial pledge agreement template","movable property security agreement","pledge agreement word template","collateral pledge business assets",{"name":198,"credential":199,"reviewed_date":200},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":203,"legal_review_recommended":201,"signature_required":201,"notarization_required":182},"advanced",{"what_it_is":205,"when_you_need_it":206,"whats_inside":207},"A Deed of Pledge Universality of Movable Property is a legally binding security agreement in which a debtor (pledgor) grants a creditor (pledgee) a security interest over a defined collection — or universality — of movable assets, such as inventory, receivables, equipment, or intellectual property, as collateral for a debt or obligation. This free Word download gives you a structured, professionally drafted starting point you can edit online and export as PDF for execution by both parties.\n","Use it when a lender requires a blanket charge over a business's movable asset pool as security for a loan, line of credit, or other financial obligation — or when a borrower needs to formalize collateral arrangements before funds are advanced. It is also used in restructuring transactions where existing creditors require enhanced security.\n","Identification of the parties and the secured obligation, a precise description of the pledged universality of assets, representations and warranties, pledgor covenants and restrictions, enforcement rights, priority and ranking provisions, events of default, and governing law.\n",[209,213,217,221,225,229],{"title":210,"use_case":211,"icon_asset_id":212},"Commercial lenders and banks","Taking a blanket security interest over a borrower's movable asset pool before advancing credit","persona-lender",{"title":214,"use_case":215,"icon_asset_id":216},"Business owners and borrowers","Pledging inventory, receivables, or equipment as collateral to secure a business loan","persona-small-business-owner",{"title":218,"use_case":219,"icon_asset_id":220},"Corporate finance lawyers","Drafting or reviewing secured financing documentation for commercial transactions","persona-corporate-lawyer",{"title":222,"use_case":223,"icon_asset_id":224},"Private equity and venture lenders","Structuring collateral packages for leveraged or growth-stage financing transactions","persona-investor",{"title":226,"use_case":227,"icon_asset_id":228},"CFOs and finance directors","Formalizing security arrangements required by lenders as a condition of credit facilities","persona-cfo",{"title":230,"use_case":231,"icon_asset_id":232},"Insolvency practitioners","Reviewing and enforcing pledges over movable property during restructuring or liquidation","persona-operations-director",[234,238,242,246,250,254,258],{"situation":235,"recommended_template":236,"slug":237},"Pledging a specific identified asset rather than a universality","Pledge Agreement (Specific Asset)","asset-purchase-agreement-D928",{"situation":239,"recommended_template":240,"slug":241},"Securing a real property or immovable asset as collateral","Mortgage Agreement","mortgage-D1183",{"situation":243,"recommended_template":244,"slug":245},"Granting security over shares or equity interests","Share Pledge Agreement","share-donation-agreement-D341",{"situation":247,"recommended_template":248,"slug":249},"Providing a personal guarantee alongside the pledge","Personal Guarantee Agreement","personal-guarantee-D405",{"situation":251,"recommended_template":252,"slug":253},"Securing a floating charge over all business assets under common law","Debenture Agreement","debenture-pledge-agreement-D467",{"situation":255,"recommended_template":256,"slug":257},"Pledging receivables or accounts as security","Assignment of Receivables Agreement","assignment-agreement-D12542",{"situation":259,"recommended_template":260,"slug":261},"Documenting the underlying loan the pledge secures","Business Loan Agreement","loan-agreement-D172",[263,266,269,272,275,278,281,284,287,290,293],{"term":264,"definition":265},"Pledgor","The party that owns the movable assets and grants a security interest over them to the pledgee as collateral for an obligation.",{"term":267,"definition":268},"Pledgee","The creditor or lender that receives the security interest in the pledged assets and holds the right to enforce against them upon default.",{"term":270,"definition":271},"Universality of Movable Property","A legally recognized collection of movable assets — such as inventory, receivables, machinery, or IP — treated as a single pledge object rather than individually itemized assets.",{"term":273,"definition":274},"Security Interest","A creditor's legal right to take possession of and sell pledged assets if the debtor fails to meet the secured obligation.",{"term":276,"definition":277},"Secured Obligation","The specific debt, loan, or financial commitment that the pledge is created to secure, including principal, interest, fees, and associated costs.",{"term":279,"definition":280},"Event of Default","A defined trigger — such as missed payment, insolvency, or breach of covenant — that entitles the pledgee to enforce the security and take possession of the pledged assets.",{"term":282,"definition":283},"Floating Charge","A security interest that covers a class of assets that changes over time (e.g., inventory) and crystallizes into a fixed charge upon a default event.",{"term":285,"definition":286},"Enforcement","The pledgee's exercise of its rights upon default — typically taking possession of pledged assets, appointing a receiver, or conducting a forced sale.",{"term":288,"definition":289},"Priority","The ranking of a creditor's security interest relative to other creditors' claims against the same assets, generally determined by registration date and type of charge.",{"term":291,"definition":292},"Perfection","The legal steps — typically registration in a public registry — required to make a security interest enforceable against third parties and establish priority.",{"term":294,"definition":295},"Covenant","A contractual promise by the pledgor to do — or refrain from doing — specific things with the pledged assets during the life of the security arrangement.",[297,302,307,311,316,321,326,331,336,341],{"name":298,"plain_english":299,"sample_language":300,"common_mistake":301},"Parties and Recitals","Identifies the pledgor and pledgee by their full legal names and registered addresses, and sets out the background — the underlying loan or credit facility that the pledge secures.","This Deed of Pledge is entered into on [DATE] between [PLEDGOR LEGAL NAME], a [ENTITY TYPE] incorporated under the laws of [JURISDICTION] with registered number [NUMBER], having its registered office at [ADDRESS] ('Pledgor'), and [PLEDGEE LEGAL NAME] ('Pledgee'). Whereas, the Pledgee has agreed to extend [CREDIT FACILITY / LOAN] of [AMOUNT] to the Pledgor pursuant to the Loan Agreement dated [DATE] ('Secured Obligation').","Using a trade name instead of the full registered legal entity name. Enforcement proceedings require exact identification of the pledgor as a legal person — a mismatch can void the registration.",{"name":303,"plain_english":304,"sample_language":305,"common_mistake":306},"Description of the Pledged Universality","Defines precisely what movable assets are included in the pledged universality — inventory, equipment, receivables, IP, cash, or any combination — and the basis on which future assets are captured.","The Pledgor hereby pledges in favour of the Pledgee, as security for the Secured Obligation, all present and future movable assets constituting the universality described in Schedule A, including but not limited to: (a) inventory and raw materials; (b) trade receivables; (c) machinery and equipment listed in Schedule B; and (d) intellectual property rights registered in the name of the Pledgor.","Describing the universality in vague terms such as 'all business assets' without a schedule. Courts and insolvency practitioners require a sufficiently precise description to identify what is and is not pledged — overly broad descriptions are challenged in priority disputes.",{"name":276,"plain_english":308,"sample_language":309,"common_mistake":310},"States the exact debt or obligation secured by the pledge — principal amount, interest rate, fees, and any future advances — and confirms the pledge extends to all amounts owed, not just the principal.","This Deed of Pledge secures all present and future amounts owed by the Pledgor to the Pledgee under the Loan Agreement dated [DATE], including principal of [AMOUNT], interest at [RATE]% per annum, default interest, costs, fees, and any other sums payable thereunder (together, the 'Secured Obligations').","Limiting the secured obligation to the initial principal only. If interest, fees, or future advances are not expressly captured, the pledgee may be an unsecured creditor for those amounts on enforcement.",{"name":312,"plain_english":313,"sample_language":314,"common_mistake":315},"Representations and Warranties","The pledgor's factual statements at the date of execution — that it owns the assets free of prior charges, has authority to pledge them, and that no insolvency proceedings are pending.","The Pledgor represents and warrants that: (a) it is the sole legal and beneficial owner of the Pledged Assets, free from all Encumbrances except as disclosed in Schedule C; (b) it has full power and authority to enter into and perform this Deed; (c) no insolvency, administration, or winding-up proceedings have been commenced or threatened against it.","Omitting a warranty that the assets are free of prior charges. If an earlier undisclosed pledge exists, the pledgee's priority may be subordinated to a prior creditor and the pledgee has no breach of warranty claim unless one is included.",{"name":317,"plain_english":318,"sample_language":319,"common_mistake":320},"Pledgor Covenants","Ongoing obligations the pledgor agrees to during the life of the pledge — maintaining assets, keeping insurance, not creating further charges, notifying the pledgee of material changes, and providing periodic asset valuations.","During the continuance of this Deed, the Pledgor shall: (a) maintain the Pledged Assets in good repair and condition; (b) keep the Pledged Assets insured for their full replacement value with [INSURER]; (c) not create or permit any Encumbrance over the Pledged Assets without the prior written consent of the Pledgee; (d) notify the Pledgee within [5] business days of any material change in the composition or value of the Pledged Assets.","Omitting a prohibition on further encumbrances. Without it, the pledgor can grant a second pledge to another creditor — eroding the first pledgee's priority without notice or breach.",{"name":322,"plain_english":323,"sample_language":324,"common_mistake":325},"Events of Default","Defines the triggers that entitle the pledgee to enforce the security — typically non-payment, insolvency, breach of covenant, change of control, or material adverse change.","Each of the following constitutes an Event of Default: (a) failure to pay any Secured Obligation within [5] business days of the due date; (b) any insolvency, liquidation, or administration of the Pledgor; (c) material breach of any covenant in this Deed not remedied within [20] business days of notice; (d) any attachment or execution levied against the Pledged Assets by a third party.","Drafting the material adverse change trigger too broadly with no materiality threshold. Courts have held that MAC clauses must be objectively material — an unlimited MAC clause may be unenforceable or result in the pledgee accelerating prematurely, triggering liability.",{"name":327,"plain_english":328,"sample_language":329,"common_mistake":330},"Enforcement Rights","Sets out what the pledgee may do upon an event of default — take possession, appoint a receiver, sell assets, or apply proceeds to the secured obligation — and the process for doing so.","Upon the occurrence of an Event of Default, the Pledgee may, without further notice: (a) take possession of the Pledged Assets; (b) appoint a receiver over the Pledged Assets; (c) sell or otherwise dispose of the Pledged Assets by public auction or private sale on such terms as the Pledgee reasonably determines; (d) apply the net proceeds of any sale to the Secured Obligations in such order as the Pledgee determines.","Omitting a clause granting the pledgee the right to sell by private sale as well as public auction. Restricting enforcement to public auction can significantly reduce recoverable value for certain asset classes such as receivables or IP.",{"name":332,"plain_english":333,"sample_language":334,"common_mistake":335},"Priority and Ranking","Confirms the ranking of the pledge relative to other creditors and states whether it ranks ahead of unsecured claims and subordinate to any agreed prior charges.","The pledge created under this Deed ranks as a [first / second] priority security interest over the Pledged Assets. The Pledgor confirms that, except as disclosed in Schedule C, no prior Encumbrances exist over the Pledged Assets. The Pledgee's rights under this Deed are subject only to the rights of [PRIOR CREDITOR NAME] under the [PRIOR SECURITY DOCUMENT].","Failing to confirm priority ranking in the deed itself and relying solely on registration date. Priority disputes are complex and a contractual subordination or priority agreement must be documented separately if multiple creditors share the same asset pool.",{"name":337,"plain_english":338,"sample_language":339,"common_mistake":340},"Release and Discharge","States the conditions under which the pledge is released — typically full repayment of the secured obligation — and obligates the pledgee to issue a discharge and cancel any registration.","Upon final and irrevocable payment of all Secured Obligations, the Pledgee shall, at the Pledgor's cost and within [10] business days, execute all documents and take all steps necessary to release the pledge and cancel any registration made in respect of it, including filing a discharge notice with [RELEVANT REGISTRY].","Not including a timeframe for the pledgee to execute a discharge after repayment. Delays in releasing security registrations can block refinancing or asset sales — a 10-business-day deadline is standard.",{"name":342,"plain_english":343,"sample_language":344,"common_mistake":345},"Governing Law and Jurisdiction","Specifies which jurisdiction's law governs the deed and which courts or arbitral bodies have jurisdiction to resolve disputes arising from it.","This Deed is governed by and construed in accordance with the laws of [JURISDICTION]. The parties submit to the exclusive jurisdiction of the courts of [JURISDICTION] in respect of any dispute arising out of or in connection with this Deed.","Choosing a governing law jurisdiction that has no meaningful connection to where the pledged assets are located. Security interests over movable property are generally governed by the lex situs — the law of the place where the assets are situated — and a conflict between governing law and situs law can render the pledge unenforceable against third parties.",[347,352,357,362,367,372,377,382],{"step":348,"title":349,"description":350,"tip":351},1,"Identify the parties with full legal details","Enter the pledgor's and pledgee's complete registered legal names, entity types, registration numbers, and registered addresses. For individuals, use the full legal name as it appears on government-issued ID.","Cross-reference the pledgor's corporate registry entry to confirm the exact legal name — a mismatch between the deed and the registry filing can invalidate the security registration.",{"step":353,"title":354,"description":355,"tip":356},2,"Define the secured obligation precisely","Specify the principal amount, interest rate, payment schedule, and any fees or charges under the underlying loan or credit facility. Confirm the pledge covers all amounts payable — not just principal — including future advances if applicable.","Reference the underlying loan agreement by date and title and attach it as an exhibit to the deed to eliminate ambiguity about what is secured.",{"step":358,"title":359,"description":360,"tip":361},3,"Draft a detailed Schedule A describing the pledged universality","List each category of movable asset included in the pledge — inventory, equipment, receivables, IP, bank accounts — with enough specificity that a third party could identify what is pledged. Attach a Schedule B for individually identified high-value items such as machinery.","For revolving asset pools such as inventory or receivables, include language capturing 'all present and future' assets in the category so after-acquired assets are automatically captured.",{"step":363,"title":364,"description":365,"tip":366},4,"Complete the representations and warranties section","Have the pledgor confirm in writing that it owns the assets free of prior charges, has authority to pledge them, and is not subject to pending insolvency proceedings. Attach a Schedule C disclosing any known prior encumbrances.","Request a current search of the relevant personal property or commercial security registry before execution to verify no undisclosed charges exist.",{"step":368,"title":369,"description":370,"tip":371},5,"Set the pledgor covenants and restrictions","Specify the pledgor's ongoing obligations — maintaining and insuring the assets, providing periodic valuations, notifying the pledgee of material changes, and obtaining consent before disposing of or further encumbering the pledged assets.","Set a specific frequency for asset valuations — quarterly for inventory-heavy businesses — so the pledgee can monitor collateral value throughout the loan term.",{"step":373,"title":374,"description":375,"tip":376},6,"Define events of default with clear thresholds","List each event of default with objective, measurable triggers. Include a cure period of at least 5–20 business days for remediable breaches, and state whether the pledgee must give notice before accelerating.","Avoid undefined terms like 'material adverse change' without a specific financial threshold — courts apply a high bar for MAC enforcement and a quantified threshold (e.g., 20% decline in asset value) is more defensible.",{"step":378,"title":379,"description":380,"tip":381},7,"Register the pledge with the applicable registry","File the required notice or financing statement with the personal property security registry, commercial pledge registry, or equivalent in the governing jurisdiction to perfect the security interest and establish priority against third parties.","Register before funds are advanced — a pledge that is not registered before a competing creditor files may lose priority even if executed earlier.",{"step":383,"title":384,"description":385,"tip":386},8,"Execute and date the deed before funds are advanced","Both parties must sign the deed — and any required witnesses or notary must attest — before the loan proceeds are disbursed. File executed copies with both parties and retain the original in secure storage.","Use Business in a Box eSign to timestamp execution and store the fully-executed deed with a complete audit trail.",[388,392,396,400,404,408],{"mistake":389,"why_it_matters":390,"fix":391},"Failing to register the pledge before funds are advanced","An unregistered pledge is not perfected and cannot be enforced against third parties — including competing creditors or a liquidator. A pledgee who advances funds before registering may find its security interest subordinated to a later-registered creditor.","Complete the registry filing before disbursing funds. In most jurisdictions, registration is a condition precedent to enforceability against third parties and takes priority from the date of filing, not the date of execution.",{"mistake":393,"why_it_matters":394,"fix":395},"Describing the pledged universality in vague terms","Courts and insolvency practitioners require a sufficiently precise description to identify what is pledged. A generic reference to 'all business assets' without a schedule is routinely challenged in priority disputes and may be held unenforceable.","Attach a detailed Schedule A categorizing each asset type included in the pledge, and a Schedule B listing individually identified high-value items with serial numbers or other identifiers.",{"mistake":397,"why_it_matters":398,"fix":399},"Limiting the secured obligation to initial principal only","Interest, default interest, fees, and enforcement costs are not automatically covered unless expressly included in the definition of the secured obligation. The pledgee becomes an unsecured creditor for these amounts on enforcement.","Draft the secured obligation clause to cover all present and future amounts owed — principal, interest, default interest, fees, costs, and any future advances — under the underlying facility.",{"mistake":401,"why_it_matters":402,"fix":403},"Omitting a prohibition on further encumbrances","Without an express covenant against further charges, the pledgor can grant a second pledge over the same assets to another creditor without breaching the deed — directly eroding the first pledgee's recovery position.","Include a negative pledge covenant prohibiting the pledgor from creating any additional security interest over the pledged assets without the pledgee's prior written consent.",{"mistake":405,"why_it_matters":406,"fix":407},"Choosing a governing law inconsistent with the asset location","Security interests over movable property are generally subject to the law of the jurisdiction where the assets are located (lex situs). A governing law clause that conflicts with the situs can render the pledge unenforceable against third parties in the jurisdiction where the assets sit.","Select the governing law of the jurisdiction where the pledged assets are principally located, or take separate legal advice on the conflict-of-laws analysis if assets span multiple jurisdictions.",{"mistake":409,"why_it_matters":410,"fix":411},"No cure period for remediable events of default","Accelerating and enforcing immediately upon a minor or technical breach — without giving the pledgor an opportunity to remedy — can expose the pledgee to claims for wrongful enforcement, damages, or injunction in jurisdictions that require good-faith enforcement.","Include a cure period of 5–20 business days for remediable breaches, reserving immediate enforcement only for non-remediable events such as insolvency or fraud.",[413,416,419,422,425,428,431,434,437],{"question":414,"answer":415},"What is a deed of pledge universality of movable property?","A deed of pledge universality of movable property is a security agreement in which a debtor (pledgor) grants a creditor (pledgee) a security interest over a defined collection — or universality — of movable assets, such as inventory, receivables, equipment, or intellectual property. It differs from a specific asset pledge in that it covers an entire category or pool of assets, including future assets acquired after execution. The deed gives the creditor the right to take possession of and sell the pledged assets if the debtor defaults on the secured obligation.\n",{"question":417,"answer":418},"What types of assets can be included in the pledged universality?","Any movable property can typically be included — inventory and raw materials, trade receivables, machinery and equipment, intellectual property rights, cash and bank accounts, and financial instruments. The key requirement is that the assets are movable (as opposed to land or fixed real property) and that the description of the universality is sufficiently precise to identify what is pledged. Including after-acquired assets — those purchased after execution — requires specific language capturing present and future assets in each category.\n",{"question":420,"answer":421},"How does a deed of pledge differ from a mortgage?","A mortgage creates a security interest over immovable property — real estate and land — while a deed of pledge covers movable assets such as inventory, equipment, receivables, and IP. In most civil law jurisdictions, the two instruments are governed by separate statutory regimes with different registration requirements and enforcement procedures. Some common law jurisdictions use a debenture to create a floating charge over both movable and immovable assets in a single instrument.\n",{"question":423,"answer":424},"Does a deed of pledge need to be registered?","In most jurisdictions, yes — registration in a personal property security registry, commercial pledge registry, or equivalent is required to perfect the security interest and make it enforceable against third parties. An unregistered pledge is typically valid between the parties but cannot be enforced against a liquidator or a competing creditor who registers first. The specific registry and filing requirements vary significantly by jurisdiction; always confirm local requirements before executing.\n",{"question":426,"answer":427},"What happens when the pledgor defaults?","Upon an event of default, the pledgee is typically entitled to take possession of the pledged assets, appoint a receiver or administrator, sell the assets by public auction or private sale, and apply the net proceeds to the outstanding secured obligation. Any surplus after satisfying the secured debt must be returned to the pledgor. The specific enforcement procedure is governed by the applicable law of the jurisdiction where the assets are located and may require court approval in some circumstances.\n",{"question":429,"answer":430},"Can a pledge be granted over assets the pledgor does not yet own?","Yes, provided the deed expressly captures after-acquired assets using language such as 'all present and future' movable assets in the described categories. A pledge over future assets typically attaches automatically when the pledgor acquires those assets, without the need for a new deed. However, the timing of attachment and perfection for after-acquired assets varies by jurisdiction — in some systems, a new registration or filing is required each time new assets are added to the universality.\n",{"question":432,"answer":433},"What is the difference between a fixed charge and a floating charge?","A fixed charge attaches to specific, identified assets at the time of creation — the pledgor cannot dispose of those assets without the pledgee's consent. A floating charge covers a class of assets that changes in the ordinary course of business (such as inventory) and allows the pledgor to deal with those assets freely until a default event causes the charge to crystallize into a fixed charge. A deed of pledge over a universality of movable property typically combines elements of both — fixed over identified items and floating over revolving pools such as inventory and receivables.\n",{"question":435,"answer":436},"How is priority determined between competing pledges over the same assets?","Priority is generally determined by the order of registration in the applicable security registry — a first-registered pledgee ranks ahead of a later-registered one regardless of the dates the deeds were executed. In some jurisdictions, the type of charge also affects priority, with fixed charges ranking ahead of floating charges over the same assets. Creditors who need first priority should complete registration before funds are advanced and conduct a registry search beforehand to identify any existing charges.\n",{"question":438,"answer":439},"Do I need a lawyer to prepare a deed of pledge?","For most commercial lending transactions involving significant asset values, legal review is strongly recommended. The enforceability of a pledge depends on jurisdiction-specific statutory requirements — registration formalities, description standards, and enforcement procedures — that vary widely. A high-quality template provides the correct structure and clause framework, but a lawyer familiar with the applicable jurisdiction should review and adapt the document before execution, particularly for cross-border transactions or complex asset pools.\n",[441,445,449,453,457,461],{"industry":442,"icon_asset_id":443,"specifics":444},"Banking and Financial Services","industry-fintech","Banks routinely require a deed of pledge over a borrower's entire movable asset universality as a condition of revolving credit facilities, term loans, and trade finance arrangements — with priority searches and registration completed before drawdown.",{"industry":446,"icon_asset_id":447,"specifics":448},"Manufacturing","industry-manufacturing","Manufacturers pledge inventory, raw materials, machinery, and equipment as a universality to secure working capital facilities — requiring dynamic schedules that capture after-acquired stock and replacement equipment automatically.",{"industry":450,"icon_asset_id":451,"specifics":452},"Retail and Wholesale","industry-retail","Retailers pledge stock-in-trade and receivables under a floating-charge universality structure, allowing them to buy and sell inventory in the ordinary course while the pledge remains in place over the asset pool.",{"industry":454,"icon_asset_id":455,"specifics":456},"Technology and SaaS","industry-saas","Technology companies pledge IP portfolios, software licenses, and trade receivables as a universality to secure venture debt or growth financing — requiring careful IP assignment and registry filing in each jurisdiction where IP is registered.",{"industry":458,"icon_asset_id":459,"specifics":460},"Professional Services","industry-professional-services","Professional services firms pledge receivables and work-in-progress as a universality for invoice-financing or credit line security — with covenants requiring the pledgor to maintain minimum receivables coverage ratios.",{"industry":462,"icon_asset_id":463,"specifics":464},"Logistics and Transportation","industry-construction","Logistics operators pledge fleets of vehicles, equipment, and trade receivables as a universality — requiring individual asset schedules for titled vehicles alongside the broader floating universality description.",[466,469,472,475],{"vs":244,"vs_template_id":467,"summary":468},"share-pledge-agreement-D989","A share pledge agreement creates a security interest specifically over the equity shares or ownership interests in a company, rather than its underlying movable assets. Lenders use share pledges to take control of a company indirectly by enforcing against its shares. A deed of pledge over movable property gives the pledgee direct rights over the physical and intangible assets — used when asset-level security is preferred or the shares have limited value.",{"vs":240,"vs_template_id":470,"summary":471},"mortgage-agreement-D929","A mortgage creates security over immovable property — real estate and land — while a deed of pledge covers movable assets such as inventory, equipment, receivables, and IP. The two instruments operate under separate statutory regimes in most jurisdictions, with different registration systems and enforcement procedures. Lenders requiring security over a complete asset base typically take both a mortgage and a pledge in parallel.",{"vs":136,"vs_template_id":473,"summary":474},"personal-guarantee-D930","A personal guarantee creates a personal obligation on an individual — typically a director or shareholder — to pay the borrower's debt if the borrower defaults. A deed of pledge creates a proprietary right over specific assets. Guarantees provide recourse against a person; pledges provide recourse against property. Most lenders take both to maximize recovery options.",{"vs":476,"vs_template_id":261,"summary":477},"Loan Agreement","A loan agreement documents the terms of the debt — principal, interest, repayment schedule, and borrower covenants — but does not itself create a security interest. A deed of pledge is the collateral document that secures that debt against specific assets. The two documents work together: the loan agreement creates the obligation and the deed of pledge secures it. Executing a loan agreement without a pledge leaves the lender unsecured.",{"use_template":479,"template_plus_review":483,"custom_drafted":487},{"best_for":480,"cost":481,"time":482},"Straightforward domestic secured lending transactions where both parties understand the asset pool and governing jurisdiction","Free","1–2 hours to complete the template",{"best_for":484,"cost":485,"time":486},"Commercial loans above $50K, complex asset pools spanning multiple categories, or any transaction involving after-acquired assets or multiple creditors","$500–$2,000 for a lawyer review and registry filing","2–5 business days",{"best_for":488,"cost":489,"time":490},"Cross-border transactions, multi-jurisdiction asset pools, leveraged buyouts, or structured finance arrangements with multiple tranches of security","$3,000–$15,000+","2–6 weeks",[492,497,502,507],{"code":493,"name":494,"flag_asset_id":495,"note":496},"us","United States","flag-us","In the US, security interests over movable personal property are governed by Article 9 of the Uniform Commercial Code (UCC), adopted in all 50 states with local variations. Perfection requires filing a UCC-1 financing statement with the Secretary of State in the debtor's state of organization. Priority is generally determined by the order of filing. California, Texas, and Delaware have specific nuances around fixture filings and IP security interests that require local counsel review.",{"code":498,"name":499,"flag_asset_id":500,"note":501},"ca","Canada","flag-ca","Security interests over movable property in common-law provinces are governed by provincial Personal Property Security Acts (PPSAs), requiring registration in the applicable provincial PPSA registry to perfect. Quebec operates under a distinct civil law regime — the Civil Code of Quebec governs hypothecs over movable property, and registration in the Register of Personal and Movable Real Rights (RPMRR) is required. Cross-province transactions require analysis of which provincial regime applies based on asset location.",{"code":503,"name":504,"flag_asset_id":505,"note":506},"uk","United Kingdom","flag-uk","In England and Wales, security over movable assets is typically taken by way of a fixed and floating charge under a debenture, registered at Companies House within 21 days of creation. Failure to register within this window voids the charge against a liquidator. Scotland operates under a distinct system — the law of assignation in security and the Moveable Transactions (Scotland) Act 2023 has modernized Scottish secured transactions law. IP security interests may require separate registration with the UK Intellectual Property Office.",{"code":508,"name":509,"flag_asset_id":510,"note":511},"eu","European Union","flag-eu","There is no single EU-wide regime for pledges over movable property — each member state operates its own security interest law. Belgium, France, and Luxembourg have well-developed commercial pledge regimes widely used in structured finance. France's pledge over a fonds de commerce (business as a going concern) and Belgium's pledge on the enterprise are civil law equivalents of a universality pledge. The Financial Collateral Directive (2002/47/EC) provides a harmonized framework for financial collateral arrangements but does not cover general commercial asset pledges. Always engage local counsel in the member state where the assets are situated.",[261,245,241,249,513,514,515,516,517,518,519,253],"security-agreement-D915","promissory-note-D434","non-disclosure-agreement-nda-D12692","letter-of-intent_acquisition-of-business-D5197","term-sheet-D473","secured-lumpsum-promissory-note-agreement-D13041","assignment-D942",{"emit_how_to":201,"emit_defined_term":201},{"primary_folder":162,"secondary_folder":522,"document_type":523,"industry":524,"business_stage":525,"tags":526,"confidence":532},"guaranties-and-collateral","agreement","general","all-stages",[527,528,529,530,531],"security-agreement","collateral","pledge","movable-property","debt-protection",0.95,"\u003Ch2>What is a Deed of Pledge Universality of Movable Property?\u003C/h2>\n\u003Cp>A \u003Cstrong>Deed of Pledge Universality of Movable Property\u003C/strong> is a legally binding security agreement in which a debtor — the pledgor — grants a creditor — the pledgee — a security interest over a defined collection of movable assets treated as a single pledged object, known as a universality. Rather than pledging one specific item, this deed captures an entire asset pool: inventory, trade receivables, machinery, equipment, intellectual property, or any combination thereof, including assets acquired by the pledgor after the deed is signed. When the underlying obligation is repaid in full, the pledge is released; if the pledgor defaults, the pledgee has the right to take possession of the pledged assets, appoint a receiver, and apply the proceeds of sale to the outstanding debt.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a formal deed of pledge, a lender advancing credit against a borrower's asset base has no enforceable proprietary right to those assets if the borrower becomes insolvent — ranking instead as an unsecured creditor alongside all other claimants, with little prospect of full recovery. A properly executed and registered deed of pledge gives the creditor priority over the pledged asset pool ahead of unsecured creditors and, in most jurisdictions, ahead of later-registered claimants. For borrowers, a signed deed is typically a condition precedent to drawdown — without it, funds are not advanced. Beyond the capital-raising context, this document protects both parties by defining covenants, events of default, enforcement procedures, and release conditions in unambiguous terms — eliminating the disputes that arise when security arrangements are left to informal agreements or side letters. This template provides the complete clause framework required to create an enforceable security interest, ready for legal review and registry filing in the applicable jurisdiction.\u003C/p>\n",1779480720014]