[{"data":1,"prerenderedAt":519},["ShallowReactive",2],{"document-pledge-agreement-advance-D903":3},{"document":4,"label":21,"preview":11,"thumb":22,"thumb600":23,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":24,"breadcrumb":28,"related":34,"customDescModule":176,"customdescription":6,"mdFm":177,"mdProseHtml":518},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":20},"PLEDGE AGREEMENT This Pledge Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"First Party\"), an individual with his main address located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Undersigned\"), an individual with his main address located at: [COMPLETE ADDRESS] For good and valuable consideration, the receipt and legal sufficiency of which are hereby expressly acknowledged, the parties hereto agree as follows: WHEREAS the First Party advanced the sum of [AMOUNT] for the purposes of a project located in the City of [NAME OF THE CITY], Province of [STATE/PROVINCE], known and designated as being lot numbers [NUMBER], [NUMBER], [NUMBER] and [NUMBER] on the official plan and book of reference of the [SPECIFY] [STATE/PROVINCE], with the buildings thereon erected bearing civic number [NUMBER] to [NUMBER], [NUMBER] to [NUMBER] and [NUMBER] and [NUMBER] [FULL ADDRESS], [STATE/PROVINCE]; WHEREAS the [SPECIFY] Project is owned in co-ownership by [COMPANY NAME], the Undersigned, [INDIVIDUAL NAME], [INDIVIDUAL NAME], [INDIVIDUAL NAME], [INDIVIDUAL NAME], [INDIVIDUAL NAME], [COMPANY NAME], and [COMPANY NAME] as co-owners and [COMPANY NAME] as agent, pursuant to a Memorandum of Agreement made and entered into by and between them at [STATE/PROVINCE], [STATE/PROVINCE] on [DATE]; WHEREAS the Undersigned owns a [PERCENTAGE %] percent undivided interest in the [SPECIFY] Project, and [PERCENTAGE %] percent of the said advance or the sum of [AMOUNT] (the \"Advance\") was accordingly made for and on behalf of the Undersigned; WHEREAS the Undersigned and The First Party entered into a partnership agreement dated as of [DATE] confirming that a certain immoveable property situated at the northeast corner of [NAME OF THE STREET] and [NAME OF THE STREET], in the City of [NAME OF THE CITY], Province of [STATE/PROVINCE], composed of lots [NUMBER]-Pt. [NUMBER], [NUMBER]-Pt. [NUMBER], [NUMBER]-Pt. [NUMBER] and [NUMBER]-Pt. [NUMBER], with the buildings thereon erected bearing civic numbers [NUMBER] to [NUMBER] of said [NAME OF THE STREET] in [STATE/PROVINCE] (the \"Partnership Property\"), was owned by them in partnership and not indivision, said partnership to be known as [AMOUNT] [NAME] Reg'd.\" (the \"Partnership\"), and providing for, inter alia, the operations of the Partnership, naming the Undersigned as the managing partner of the Partnership, and providing for his powers as such, as well as for the dissolution of the Partnership and the sale of the Partnership Property (the \"Partnership Agreement\"); WHEREAS [COMPANY NAME] transferred his interest in the Partnership to [COMPANY NAME] as of [EFFECTIVE DATE]; WHEREAS the Undersigned and [COMPANY NAME] filed a Partnership Declaration at the Office of the Prothonotary for the judicial district of [NAME OF THE CITY] on [EFFECTIVE DATE] under the number [NUMBER]; NOW THEREFORE, FOR GOOD AND VALUABLE CONSIDERATION, receipt whereof is hereby acknowledged, the Undersigned pledges to First Party all right, title and interest (the \"Partnership Interest\") of the Undersigned in and to the Partnership, to be held by First Party together with all renewals thereof, substitutions therefore, accretions thereto, and all income therefrom as general and continuing collateral security and as a pledge for the fulfillment of all obligations, present and future, direct and indirect, absolute and contingent, presently due and hereafter due to First Party by the Undersigned including, without limiting the generality of the foregoing: (i) the obligation to repay (in capital, interest and accessories and upon the terms and conditions provided for thereunder) the Advance as well as all present and future advances or loans made by First Party to the Undersigned, and (ii) all other obligations or liabilities of the Undersigned to First Party, in both cases together with interest thereon at the prime rate of the [SPECIFY BANK] [COUNTRY] plus [PERCENTAGE %] percent per annum (hereinafter collectively referred to as the \"Obligations\"), whether the Obligations arise from agreements or dealings between First Party and the Undersigned or from agreements or dealings with any third person by which First Party may be or become in any manner whatsoever a creditor of the Undersigned or however otherwise arising and whether the Undersigned be bound alone or with another or others and whether as principal or surety. In the event the Undersigned fails to fulfill any of the Obligations, including a default under the Loan or to repay any advances or loans made by First Party to the Undersigned, or the interest thereon, or any part of such advances, loans or interest, when due, or when an instrument evidencing such indebtedness matures or upon default to make any payment when requested (\"Event of Default\"), First Party may, without advertisement or notice to the Undersigned or others and without demand for payment or formality whatsoever, the Undersigned hereby renouncing to such advertisement, notices, demands for payment, formalities or other requirements of [YOUR COUNTRY LAW], sell the Partnership Interest, at public or private sale, or otherwise dispose of the Partnership Interest for such price and upon such terms and conditions as it deems best. All income from the Partnership Interest and the proceeds of any sale or realization thereof, after deduction of all expenses thereof, with interest on such expenses at the rate then borne by the advances or loans by First party to the Undersigned, may be held by First Party as security as aforesaid, and, when First Party deems it desirable so to do, from time to time, may be applied against any of the Obligations as First Party deems best. First Party shall not be bound to realize on the Partnership Interest nor to permit the alienation of same and it shall not be responsible for any loss resulting from the sale of the Partnership Interest, the retention thereof or refusal to sell, dispose of or realize upon the same; nor shall First Party be required to collect or receive the interest or dividends thereon nor to demand payment thereof. In the event that the Undersigned should receive any payment of any nature whatsoever on account of the Partnership Interest, all sums thus received shall be immediately paid to First Party and the default of the Undersigned to do so shall constitute an Event of Default under the provisions hereof. First Party or any officer of First Party is hereby constituted the irrevocable attorney of the Undersigned, with power to delegate and sub-delegate, for the purpose of transferring the Partnership Interest and First Party may execute any transfer or any power of attorney and generally all documents required to complete the transfer and alienation of the Partnership Interest",null,"Pledge Agreement Advance","4",52,"doc","https://templates.business-in-a-box.com/imgs/1000px/pledge-agreement_advance-D903.png","https://templates.business-in-a-box.com/imgs/250px/903.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#903.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Legal Agreements","/templates/business-legal-agreements/",{"label":17,"url":18},"pledge agreement advance","Pledge Agreement Advance Template","https://templates.business-in-a-box.com/imgs/400px/903.png","https://templates.business-in-a-box.com/imgs/600px/903.png",[25,16,19],{"label":26,"url":27},"Templates","/templates/",[29,30,31],{"label":26,"url":27},{"label":17,"url":18},{"label":32,"url":33},"Guaranties & Collateral","/templates/guaranties-and-collateral/",[35,39,43,47,51,55,59,63,67,71,75,79,83,102,119,133,148,162],{"label":36,"url":37,"thumb":38,"extension":10},"Pledge Agreement Debenture","/template/pledge-agreement-debenture-D904","https://templates.business-in-a-box.com/imgs/250px/904.png",{"label":40,"url":41,"thumb":42,"extension":10},"Debenture  Pledge Agreement","/template/debenture-pledge-agreement-D467","https://templates.business-in-a-box.com/imgs/250px/467.png",{"label":44,"url":45,"thumb":46,"extension":10},"Deed of Pledge Loan","/template/deed-of-pledge-loan-D983","https://templates.business-in-a-box.com/imgs/250px/983.png",{"label":48,"url":49,"thumb":50,"extension":10},"Pledge of Shares of Stock","/template/pledge-of-shares-of-stock-D407","https://templates.business-in-a-box.com/imgs/250px/407.png",{"label":52,"url":53,"thumb":54,"extension":10},"Pledge of Personal Property","/template/pledge-of-personal-property-D406","https://templates.business-in-a-box.com/imgs/250px/406.png",{"label":56,"url":57,"thumb":58,"extension":10},"Deed of Pledge Universality of Movable Property","/template/deed-of-pledge-universality-of-movable-property-D984","https://templates.business-in-a-box.com/imgs/250px/984.png",{"label":60,"url":61,"thumb":62,"extension":10},"Commercial Pledge Equipment and Machinery","/template/commercial-pledge-equipment-and-machinery-D1137","https://templates.business-in-a-box.com/imgs/250px/1137.png",{"label":64,"url":65,"thumb":66,"extension":10},"Notice to Small Businessperson in Advance of Collections","/template/notice-to-small-businessperson-in-advance-of-collections-D225","https://templates.business-in-a-box.com/imgs/250px/225.png",{"label":68,"url":69,"thumb":70,"extension":10},"Request for Information in Advance of Purchase Order","/template/request-for-information-in-advance-of-purchase-order-D1075","https://templates.business-in-a-box.com/imgs/250px/1075.png",{"label":72,"url":73,"thumb":74,"extension":10},"Return of Purchase Order and Demand for Advance Payment","/template/return-of-purchase-order-and-demand-for-advance-payment-D236","https://templates.business-in-a-box.com/imgs/250px/236.png",{"label":76,"url":77,"thumb":78,"extension":10},"Non-Profit Partnership Agreement","/template/non-profit-partnership-agreement-D14023","https://templates.business-in-a-box.com/imgs/250px/14023.png",{"label":80,"url":81,"thumb":82,"extension":10},"Acquisition Agreement","/template/acquisition-agreement-D847","https://templates.business-in-a-box.com/imgs/250px/847.png",{"description":84,"descriptionCustom":6,"label":85,"pages":86,"size":87,"extension":10,"preview":88,"thumb":89,"svgFrame":90,"seoMetadata":91,"parents":93,"keywords":92,"url":101},"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":92,"description":6},"loan agreement",[94,97,100],{"label":95,"url":96},"Finance & Accounting","finance-accounting",{"label":98,"url":99},"Business Loans","business-loan",{"label":98,"url":99},"/template/loan-agreement-D417",{"description":103,"descriptionCustom":6,"label":104,"pages":105,"size":106,"extension":10,"preview":107,"thumb":108,"svgFrame":109,"seoMetadata":110,"parents":111,"keywords":117,"url":118},"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},[112,113,114],{"label":95,"url":96},{"label":98,"url":99},{"label":115,"url":116},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":120,"descriptionCustom":6,"label":121,"pages":86,"size":87,"extension":10,"preview":122,"thumb":123,"svgFrame":124,"seoMetadata":125,"parents":127,"keywords":126,"url":132},"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":126,"description":6},"personal guarantee",[128,129,130],{"label":95,"url":96},{"label":98,"url":99},{"label":32,"url":131},"guaranties-collateral","/template/personal-guarantee-D405",{"description":134,"descriptionCustom":6,"label":135,"pages":136,"size":137,"extension":10,"preview":138,"thumb":139,"svgFrame":140,"seoMetadata":141,"parents":142,"keywords":146,"url":147},"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},[143,145],{"label":17,"url":144},"business-legal-agreements",{"label":17,"url":144},"security agreement","/template/security-agreement-D915",{"description":149,"descriptionCustom":6,"label":150,"pages":105,"size":87,"extension":10,"preview":151,"thumb":152,"svgFrame":153,"seoMetadata":154,"parents":156,"keywords":155,"url":161},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), 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: [RECEIVING PARTY NAME] (the \"Receiving Party\"), 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] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":155,"description":6},"non disclosure agreement nda",[157,158],{"label":17,"url":144},{"label":159,"url":160},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":163,"descriptionCustom":6,"label":164,"pages":165,"size":166,"extension":10,"preview":167,"thumb":168,"svgFrame":169,"seoMetadata":170,"parents":171,"keywords":174,"url":175},"ADHESION TO THE UNANIMOUS SHAREHOLDER AGREEMENT I, [INDIVIDUAL NAME], domiciled and residing at [FULL ADDRESS], declare that: As of today, I subscribe to [NUMBER] class [SPECIFY] shares issued from the share-capital of [COMPANY NAME]; I have examined the Unanimous Shareholders Agreement and I am satisfied of its content and acknowledge that a copy of such documents has been remitted to me;","Adhesion to the Unanimous Shareholder Agreement","1",41,"https://templates.business-in-a-box.com/imgs/1000px/adhesion-to-the-unanimous-shareholder-agreement-D848.png","https://templates.business-in-a-box.com/imgs/250px/848.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#848.xml",{"title":6,"description":6},[172,173],{"label":17,"url":144},{"label":17,"url":144},"adhesion to unanimous shareholder agreement","/template/adhesion-to-the-unanimous-shareholder-agreement-D848",false,{"seo":178,"reviewer":190,"quick_facts":194,"at_a_glance":197,"personas":201,"variants":226,"glossary":253,"clauses":287,"how_to_fill":337,"common_mistakes":378,"faqs":403,"industries":431,"comparisons":448,"diy_vs_lawyer":462,"jurisdictions":475,"related_template_ids_curated":496,"schema":505,"classification":506},{"meta_title":179,"meta_description":180,"primary_keyword":181,"secondary_keywords":182},"Pledge Agreement Advance Template (Free Word)","Free pledge agreement advance template for securing loans with collateral. Covers asset pledge, default terms, lender rights, and repayment. Free Word and PDF download.","pledge agreement advance template",[183,184,185,186,187,188,189],"pledge agreement template","collateral pledge agreement","pledge agreement advance template word","asset pledge agreement template","pledge agreement free download","secured loan pledge agreement","pledge agreement template pdf",{"name":191,"credential":192,"reviewed_date":193},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":195,"legal_review_recommended":196,"signature_required":196},"advanced",true,{"what_it_is":198,"when_you_need_it":199,"whats_inside":200},"A Pledge Agreement Advance is a legally binding contract in which a borrower pledges specific assets as collateral to secure an advance or loan from a lender. This free Word download lets you define the pledged assets, loan amount, repayment terms, and lender remedies in a single document you can edit online and export as a signed PDF.\n","Use it when a lender requires collateral security before advancing funds — whether for a business loan, shareholder advance, or intercompany financing arrangement. It is also appropriate when a borrower needs to demonstrate secured backing to satisfy a lender's credit requirements.\n","Identification of parties and pledged assets, advance amount and repayment schedule, security interest creation and perfection, representations and warranties, events of default, lender enforcement rights, release of pledge conditions, and governing law.\n",[202,206,210,214,218,222],{"title":203,"use_case":204,"icon_asset_id":205},"Small business owners","Securing a business loan by pledging equipment, receivables, or inventory as collateral","persona-small-business-owner",{"title":207,"use_case":208,"icon_asset_id":209},"Startup founders","Pledging shares or IP to a private lender to unlock an early-stage advance","persona-startup-founder",{"title":211,"use_case":212,"icon_asset_id":213},"CFOs and finance directors","Documenting intercompany advances secured by subsidiary assets for audit and compliance purposes","persona-cfo",{"title":215,"use_case":216,"icon_asset_id":217},"Private lenders and investors","Formalizing collateral arrangements before advancing funds to a portfolio company or borrower","persona-private-lender",{"title":219,"use_case":220,"icon_asset_id":221},"Commercial real estate investors","Pledging property interests or rental receivables to secure bridge financing","persona-real-estate-investor",{"title":223,"use_case":224,"icon_asset_id":225},"Shareholders and directors","Pledging personal or corporate shares as security for a shareholder loan or related-party advance","persona-shareholder",[227,231,235,239,242,245,249],{"situation":228,"recommended_template":229,"slug":230},"Pledging shares in a private company as security for a loan","Share Pledge Agreement","share-donation-agreement-D341",{"situation":232,"recommended_template":233,"slug":234},"Securing a bank loan with all present and future business assets","General Security Agreement","security-agreement-D915",{"situation":236,"recommended_template":237,"slug":238},"Pledging real property as collateral for a commercial advance","Mortgage or Deed of Trust","mortgage-deed-D988",{"situation":240,"recommended_template":85,"slug":241},"Documenting the underlying advance without a separate collateral pledge","loan-agreement-D417",{"situation":243,"recommended_template":104,"slug":244},"Securing a short-term personal advance between individuals","promissory-note-D434",{"situation":246,"recommended_template":247,"slug":248},"Pledging receivables or inventory under a revolving credit facility","Accounts Receivable Pledge Agreement","repurchase-of-accounts-receivable-agreement-D290",{"situation":250,"recommended_template":251,"slug":252},"Recording an intercompany loan with collateral backing between related entities","Intercompany Loan Agreement","inter-company-services-agreement-D886",[254,257,260,263,266,269,272,275,278,281,284],{"term":255,"definition":256},"Pledge","The act of delivering or granting a security interest in an asset to a lender as collateral for a loan or advance, without transferring ownership.",{"term":258,"definition":259},"Pledgor","The party who owns the collateral and grants the security interest to the lender as security for the advance.",{"term":261,"definition":262},"Pledgee","The party — typically the lender — who receives the security interest in the pledged assets and holds enforcement rights if the borrower defaults.",{"term":264,"definition":265},"Collateral","The specific asset or assets pledged by the borrower to secure repayment of an advance, which the lender may seize or sell upon default.",{"term":267,"definition":268},"Security Interest","A legal right in an asset granted to a creditor to ensure repayment, enforceable against the borrower and, once perfected, against third parties.",{"term":270,"definition":271},"Perfection","The legal process of making a security interest effective against third parties — typically by filing a UCC-1 financing statement in the US or a PPSA registration in Canada.",{"term":273,"definition":274},"Event of Default","A defined trigger — such as missed payment, insolvency, or breach of a representation — that entitles the lender to accelerate the loan and enforce against the collateral.",{"term":276,"definition":277},"Acceleration","A lender's right to declare the full outstanding advance immediately due and payable upon the occurrence of an event of default.",{"term":279,"definition":280},"Enforcement","The lender's exercise of its remedies after default — including taking possession of, selling, or otherwise realizing on the pledged collateral.",{"term":282,"definition":283},"Release of Pledge","The formal discharge of the security interest upon full repayment of the advance, returning unencumbered title to the pledgor.",{"term":285,"definition":286},"Subordination","An agreement by one creditor to rank its security interest below another's, determining priority in the event of borrower insolvency or asset sale.",[288,293,298,303,308,313,318,323,328,332],{"name":289,"plain_english":290,"sample_language":291,"common_mistake":292},"Parties and Recitals","Identifies the pledgor and pledgee by full legal name, states the purpose of the agreement, and records the advance amount the pledge is intended to secure.","This Pledge Agreement ('Agreement') is entered into as of [DATE] between [PLEDGOR LEGAL NAME], a [STATE/PROVINCE] [ENTITY TYPE] ('Pledgor'), and [PLEDGEE LEGAL NAME], a [STATE/PROVINCE] [ENTITY TYPE] ('Pledgee'). Pledgee has agreed to advance the sum of $[AMOUNT] to Pledgor pursuant to [LOAN AGREEMENT / PROMISSORY NOTE] dated [DATE] ('Advance').","Using trade names instead of registered legal entity names — if the pledgor name on the agreement doesn't match the registered owner of the collateral, the security interest may be unperfectable or challengeable in insolvency.",{"name":294,"plain_english":295,"sample_language":296,"common_mistake":297},"Description of Pledged Assets","Precisely identifies the specific assets being pledged — whether shares, equipment, receivables, intellectual property, or other property — including serial numbers, certificate numbers, or other identifying details.","As security for the full and punctual repayment of the Advance, Pledgor hereby pledges and grants to Pledgee a first-priority security interest in the following assets ('Collateral'): [DESCRIPTION OF ASSETS, e.g., all of Pledgor's right, title, and interest in [X] shares of [COMPANY NAME], represented by Certificate No. [XXXX]].","Using generic language like 'all assets' without specifying the exact collateral — this can make perfection filings deficient and create disputes about what was actually secured.",{"name":299,"plain_english":300,"sample_language":301,"common_mistake":302},"Grant of Security Interest","The operative clause in which the pledgor formally grants a security interest in the collateral to the pledgee, establishing the legal foundation of the pledge.","Pledgor hereby assigns, pledges, and grants to Pledgee a continuing security interest in and to the Collateral as security for the prompt payment and performance of all obligations of Pledgor under the Advance and this Agreement ('Secured Obligations').","Omitting the word 'continuing' — without it, the security interest may be interpreted as extinguishing once the original advance is repaid, leaving subsequent drawdowns unsecured.",{"name":304,"plain_english":305,"sample_language":306,"common_mistake":307},"Representations and Warranties","Statements by the pledgor confirming that they own the collateral free of prior encumbrances, have authority to pledge it, and that no other security interest ranks ahead of the pledgee's.","Pledgor represents and warrants that: (a) Pledgor is the sole legal and beneficial owner of the Collateral, free and clear of all liens, claims, and encumbrances except as disclosed herein; (b) Pledgor has full authority to enter into this Agreement and grant the security interest herein; and (c) no consent of any third party is required that has not already been obtained.","Failing to disclose existing encumbrances on the collateral — if a prior lien exists and is not disclosed, the pledgee may unknowingly take a second-ranking security interest and have insufficient recourse on default.",{"name":309,"plain_english":310,"sample_language":311,"common_mistake":312},"Perfection and Filing Obligations","Sets out the steps required to make the security interest enforceable against third parties, including who is responsible for filing financing statements and the costs thereof.","Pledgor authorizes Pledgee to file such financing statements, continuation statements, and other documents under the [UCC / PPSA / applicable law] as Pledgee deems necessary to perfect and maintain the security interest granted herein. Pledgor shall bear all reasonable filing costs and take all further actions required to perfect such security interest.","Not filing the perfection document promptly after signing — an unperfected security interest loses priority to a subsequent perfected creditor and is ineffective against a bankruptcy trustee.",{"name":314,"plain_english":315,"sample_language":316,"common_mistake":317},"Covenants of the Pledgor","Ongoing obligations the pledgor must fulfill during the term of the pledge — such as maintaining insurance, not disposing of the collateral, and promptly notifying the pledgee of any adverse claims.","During the term of this Agreement, Pledgor shall: (a) keep the Collateral free from any lien or encumbrance other than the security interest created herein; (b) maintain adequate insurance on the Collateral and name Pledgee as loss payee; (c) promptly notify Pledgee of any claim, levy, or legal process affecting the Collateral; and (d) not sell, transfer, or otherwise dispose of any part of the Collateral without Pledgee's prior written consent.","Omitting the insurance covenant for physical collateral — if uninsured collateral is damaged or destroyed, the lender loses its security with no recourse other than a general unsecured claim.",{"name":319,"plain_english":320,"sample_language":321,"common_mistake":322},"Events of Default","Defines the specific triggers — missed payments, insolvency, breach of covenant, misrepresentation, or change of control — that entitle the pledgee to enforce against the collateral.","Each of the following constitutes an Event of Default: (a) Pledgor fails to pay any amount due under the Advance within [X] days of its due date; (b) Pledgor becomes insolvent, makes a general assignment for the benefit of creditors, or any insolvency proceeding is commenced against it; (c) any representation or warranty proves materially false; or (d) Pledgor breaches any covenant under this Agreement and fails to cure within [X] days of written notice.","Setting too short a cure period for covenant breaches — a zero-day or 3-day cure period on a non-payment default is often successfully challenged in court as commercially unreasonable, particularly in the UK and EU.",{"name":324,"plain_english":325,"sample_language":326,"common_mistake":327},"Remedies on Default","Sets out what the pledgee may do upon an event of default — including acceleration of the advance, taking possession of the collateral, and selling it to recover the outstanding balance.","Upon the occurrence of an Event of Default, Pledgee may, at its election: (a) declare all Secured Obligations immediately due and payable; (b) take possession of the Collateral; (c) sell, lease, or otherwise dispose of the Collateral in a commercially reasonable manner with [X] days' prior written notice to Pledgor; and (d) apply the net proceeds of any such disposition to the Secured Obligations, with any surplus remitted to Pledgor.","Not including the surplus-return obligation — in most jurisdictions, a pledgee who retains excess sale proceeds above the debt balance is liable to the pledgor for the difference, and omitting this clause does not eliminate that obligation.",{"name":282,"plain_english":329,"sample_language":330,"common_mistake":331},"States that upon full repayment of the advance and all secured obligations, the pledgee will discharge the security interest and return or release the collateral to the pledgor.","Upon payment in full of all Secured Obligations, Pledgee shall promptly execute and deliver to Pledgor such UCC termination statements, PPSA discharge registrations, or other release documentation as may be required to discharge the security interest created herein, and shall return any Collateral then in its possession to Pledgor.","No timeline for the pledgee to execute the release — without a stated deadline (typically 5–10 business days after final payment), pledgors frequently face delays in obtaining discharge filings, which can block refinancing or asset sales.",{"name":333,"plain_english":334,"sample_language":335,"common_mistake":336},"Governing Law and Dispute Resolution","Specifies which jurisdiction's law governs the agreement and how disputes between the parties will be resolved — through court proceedings, arbitration, or mediation.","This Agreement shall be governed by and construed in accordance with the laws of [STATE / PROVINCE / COUNTRY], without regard to its conflict-of-laws principles. Any dispute arising under this Agreement shall be submitted to the exclusive jurisdiction of the courts of [CITY / JURISDICTION], except that either party may seek injunctive or other equitable relief in any court of competent jurisdiction.","Choosing a governing law that differs from the jurisdiction where the collateral is located or registered — secured transactions law is territorial, and a mismatch can make the security interest unenforceable against third parties in the collateral's home jurisdiction.",[338,343,348,353,358,363,368,373],{"step":339,"title":340,"description":341,"tip":342},1,"Enter the full legal names of both parties","Insert the pledgor's and pledgee's registered legal entity names — or full legal names for individuals — along with their addresses and entity types. Cross-reference the collateral's registered ownership records to ensure names match exactly.","For share pledges, confirm the pledgor's name matches the name on the share certificate and the company's register of members before signing.",{"step":344,"title":345,"description":346,"tip":347},2,"Identify and describe the collateral precisely","List every pledged asset with sufficient detail to identify it uniquely — share certificate numbers, equipment serial numbers, account numbers, or IP registration numbers. Attach a Schedule A for lengthy asset lists rather than embedding everything in the body.","Vague collateral descriptions are the single most common reason security interests fail in court. If in doubt, be more specific rather than less.",{"step":349,"title":350,"description":351,"tip":352},3,"State the advance amount and reference the underlying loan document","Enter the total advance amount in figures and words, and reference the promissory note or loan agreement that creates the underlying debt. If no separate loan document exists, include basic repayment terms in this agreement.","Always state the currency explicitly — particularly for cross-border arrangements where USD, CAD, GBP, and EUR can be confused.",{"step":354,"title":355,"description":356,"tip":357},4,"Complete the representations and warranties section","Confirm ownership, authority, and the absence of prior encumbrances. If existing liens exist on the collateral, disclose them here and confirm the pledgee's interest will rank second (or negotiate a subordination agreement with the prior lienholder).","Run a UCC, PPSA, or Companies House search on the collateral before signing to identify any existing registrations you may not be aware of.",{"step":359,"title":360,"description":361,"tip":362},5,"Define events of default and cure periods","List each default trigger explicitly and set cure periods appropriate to the nature of the breach — typically 5–10 business days for payment defaults and 15–30 days for covenant breaches. Avoid zero-day cure periods, which are commercially unreasonable in most jurisdictions.","Include a cross-default clause referencing the underlying loan agreement so that default under either document triggers remedies under both.",{"step":364,"title":365,"description":366,"tip":367},6,"Confirm perfection filing responsibilities","Specify who will file the UCC-1 (US), PPSA registration (Canada), or equivalent notice, and within how many days of signing. Authorize the pledgee to file on behalf of the pledgor if necessary.","File within 24–48 hours of signing. Priority among competing security interests is determined by the order of filing, not the order of signing.",{"step":369,"title":370,"description":371,"tip":372},7,"Sign and execute before the advance is disbursed","Both parties must sign the agreement — and any required witnesses or notaries must execute their blocks — before funds are advanced. Post-advance signing can create enforceability challenges.","For share pledges, deliver the physical share certificates (and signed blank stock transfer forms) to the pledgee at closing to perfect possession-based security in common-law jurisdictions.",{"step":374,"title":375,"description":376,"tip":377},8,"File perfection documents and store executed copies","File all required financing statements or registration notices in the correct jurisdiction immediately after execution. Store the fully executed agreement and filing receipts in a secure, accessible location.","Set a calendar reminder for the UCC or PPSA registration expiry date — most registrations lapse after 5 years unless renewed, leaving the security interest unperfected.",[379,383,387,391,395,399],{"mistake":380,"why_it_matters":381,"fix":382},"Failing to perfect the security interest after signing","An unregistered pledge is effective only between the parties — it is defeatable by a subsequent perfected creditor or a bankruptcy trustee, leaving the lender as an unsecured creditor in insolvency.","File the required UCC-1, PPSA registration, or equivalent notice within 24–48 hours of execution. Authorize the pledgee to file on behalf of the pledgor as a belt-and-suspenders measure.",{"mistake":384,"why_it_matters":385,"fix":386},"Using imprecise collateral descriptions","Collateral described as 'all business assets' or 'equipment and inventory' without specifics may be challenged as insufficient to perfect a security interest in particular assets, weakening enforcement rights.","Describe every pledged asset with a unique identifier — certificate number, serial number, account number, or registration number — and attach a Schedule A for multiple assets.",{"mistake":388,"why_it_matters":389,"fix":390},"Signing after the advance has already been disbursed","In common-law jurisdictions, a security agreement signed after value is given may be challenged as lacking fresh consideration, making the pledge unenforceable in insolvency proceedings.","Execute the pledge agreement and, where applicable, deliver physical collateral to the pledgee before or simultaneously with the disbursement of the advance.",{"mistake":392,"why_it_matters":393,"fix":394},"Choosing a governing law inconsistent with the collateral's location","Secured transactions law is territorial — a pledge governed by New York law over collateral registered in Ontario may be unperfectable or ineffective against third parties under Ontario's PPSA.","Choose the governing law of the jurisdiction where the collateral is located, registered, or — for shares — where the issuing company is incorporated.",{"mistake":396,"why_it_matters":397,"fix":398},"Omitting the pledgor's insurance covenant for physical assets","If physical collateral is damaged, destroyed, or stolen and is uninsured, the lender's security evaporates along with the asset, leaving only an unsecured claim against a potentially insolvent borrower.","Require the pledgor to maintain property insurance on all physical collateral naming the pledgee as loss payee, and include a covenant to provide evidence of coverage annually.",{"mistake":400,"why_it_matters":401,"fix":402},"No deadline for the pledgee to release the security interest after repayment","Without a stated release deadline, pledgees routinely delay filing discharge documents, which blocks the pledgor from refinancing, selling assets, or completing corporate transactions.","Specify that the pledgee must file all required discharge or termination documents within 5–10 business days of receiving final payment of all secured obligations.",[404,407,410,413,416,419,422,425,428],{"question":405,"answer":406},"What is a pledge agreement advance?","A pledge agreement advance is a contract in which a borrower pledges specific assets — such as shares, equipment, receivables, or cash — as collateral to secure a loan or advance from a lender. The pledgor retains ownership of the assets during the loan term, but the pledgee holds a security interest that can be enforced if the borrower defaults. It is distinct from a mortgage or deed of trust, which typically covers real property, and from a general security agreement, which covers a broader pool of assets.\n",{"question":408,"answer":409},"What assets can be pledged under a pledge agreement?","Almost any asset with ascertainable value can serve as collateral, including shares and other securities, cash deposits, equipment, intellectual property, accounts receivable, inventory, and contractual rights. The practicality of a particular asset as collateral depends on how easily it can be valued, possessed, and liquidated by the lender in the event of default. Physical assets and certificated securities are the most straightforward to pledge and enforce against.\n",{"question":411,"answer":412},"What is the difference between a pledge agreement and a loan agreement?","A loan agreement documents the terms of the debt — amount, interest rate, repayment schedule, and borrower covenants. A pledge agreement is the security document that ties specific collateral to that debt obligation. They work together: the loan agreement creates the obligation to repay; the pledge agreement gives the lender a secured claim against particular assets if repayment fails. Both should be signed simultaneously, before funds are advanced.\n",{"question":414,"answer":415},"Does a pledge agreement need to be registered or filed?","In most jurisdictions, a signed pledge agreement is effective between the parties immediately, but must be registered or filed to be enforceable against third parties. In the United States, a UCC-1 financing statement must be filed with the relevant Secretary of State. In Canada, registration under the applicable provincial Personal Property Security Act is required. In the UK, charges over company assets must be registered at Companies House within 21 days of creation. Unregistered pledges are vulnerable to defeat by subsequent perfected creditors and bankruptcy trustees.\n",{"question":417,"answer":418},"What happens if the borrower defaults under a pledge agreement?","On default, the pledgee typically has the right to accelerate the outstanding advance, take possession of the pledged collateral, and sell or otherwise realize on it to recover the debt. The specific remedies and process depend on the jurisdiction and the agreement's terms. Most jurisdictions require commercially reasonable notice before a collateral sale and mandate that any surplus proceeds above the debt balance be returned to the pledgor. Some jurisdictions also require court approval before enforcement, particularly for consumer collateral.\n",{"question":420,"answer":421},"Can a pledge agreement cover future advances?","Yes — a well-drafted pledge agreement can secure not only a specific advance but also future advances, drawdowns under a revolving facility, and all other present and future obligations of the pledgor to the pledgee. This is achieved through an \"all obligations\" or \"continuing security\" clause. Without such language, each new advance may require a fresh security agreement to be covered, creating administrative burden and potential gaps in security.\n",{"question":423,"answer":424},"Is a witness or notary required for a pledge agreement?","In most common-law jurisdictions, a standard pledge agreement between commercial parties does not require notarization to be valid. However, some jurisdictions require notarization or witnessing for pledges over real property, certain regulated assets, or when the pledgor is an individual rather than a corporate entity. Some lenders require witnessing as an internal policy to reduce forgery risk and aid future enforcement. Review the requirements of the governing jurisdiction before execution.\n",{"question":426,"answer":427},"How is priority determined when multiple creditors hold pledges over the same asset?","Priority among competing security interests is generally determined by the order of perfection — the first creditor to file or register its security interest has the highest-priority claim. In the US under UCC Article 9, Canada under the PPSA, and the UK under the Companies Act, a later-perfected interest ranks behind an earlier one regardless of when the underlying agreements were signed. This is why prompt filing after execution is critical, and why a pre-signing search for existing registrations is essential due diligence for any lender.\n",{"question":429,"answer":430},"Should I engage a lawyer to prepare a pledge agreement?","For straightforward advances between commercially sophisticated parties involving simple collateral — such as cash deposits or listed securities — a high-quality template is a practical starting point. Legal review is strongly recommended when the collateral is complex or highly valuable, when the borrower or lender is in a regulated industry, when the transaction is cross-border, or when the advance is substantial enough that enforcement risk warrants careful drafting. A lawyer review typically costs $500–$1,500 and provides meaningful protection relative to the amounts typically being secured.\n",[432,436,440,444],{"industry":433,"icon_asset_id":434,"specifics":435},"Financial Services and Private Lending","industry-fintech","Private lenders and family offices routinely use pledge agreements to secure advances against share portfolios, promissory notes, or fund interests, with tight enforcement timelines and cross-default provisions.",{"industry":437,"icon_asset_id":438,"specifics":439},"Technology and SaaS","industry-saas","Founders pledge shares or IP rights to secure bridge financing between funding rounds, requiring careful IP assignment interaction and investor consent provisions.",{"industry":441,"icon_asset_id":442,"specifics":443},"Commercial Real Estate","industry-real-estate","Developers pledge receivables, equity interests in property-holding entities, or construction contracts to secure bridge loans, with collateral valuations tied to appraisal milestones.",{"industry":445,"icon_asset_id":446,"specifics":447},"Manufacturing and Distribution","industry-manufacturing","Manufacturers pledge inventory, equipment, or trade receivables as floating collateral under revolving credit facilities, requiring regular collateral reporting and field audits.",[449,452,455,458],{"vs":85,"vs_template_id":450,"summary":451},"loan-agreement-D1026","A loan agreement creates the debt obligation — it records the amount, interest rate, repayment schedule, and borrower covenants. A pledge agreement is the security document that ties specific collateral to that debt. They are complementary and should be executed together; the pledge agreement is meaningless without an underlying debt obligation to secure.",{"vs":104,"vs_template_id":453,"summary":454},"promissory-note-D161","A promissory note is a negotiable instrument in which the borrower unconditionally promises to repay a specified sum — it is an unsecured payment obligation unless paired with a separate security agreement. A pledge agreement adds collateral security to the promise, giving the lender a priority claim against specific assets on default rather than only a general unsecured claim.",{"vs":233,"vs_template_id":456,"summary":457},"D{GENERAL_SECURITY_AGREEMENT_ID}","A general security agreement (or blanket lien) grants a security interest over substantially all of a borrower's present and future assets. A pledge agreement is narrower — it secures a specific identified asset or pool of assets. Lenders use general security agreements for comprehensive commercial credit facilities and pledge agreements for targeted security over particular high-value assets.",{"vs":459,"vs_template_id":460,"summary":461},"Guarantee Agreement","personal-guarantee-D1024","A guarantee is a personal or corporate promise by a third party to repay the debt if the primary borrower defaults — it creates a contingent unsecured obligation against the guarantor. A pledge agreement creates a secured interest in specific assets, giving the lender a priority claim that doesn't depend on the guarantor's general creditworthiness. Lenders often require both a guarantee and a pledge for maximum protection.",{"use_template":463,"template_plus_review":467,"custom_drafted":471},{"best_for":464,"cost":465,"time":466},"Straightforward advances between commercial parties with simple, clearly identified collateral such as cash deposits or listed securities","Free","30–60 minutes",{"best_for":468,"cost":469,"time":470},"Advances secured by shares in private companies, IP, or receivables, or any transaction involving a regulated lender or individual borrower","$500–$1,500","2–5 business days",{"best_for":472,"cost":473,"time":474},"Cross-border transactions, complex or high-value collateral, regulated financial institutions, or arrangements requiring intercreditor or subordination agreements","$2,000–$8,000+","1–3 weeks",[476,481,486,491],{"code":477,"name":478,"flag_asset_id":479,"note":480},"us","United States","flag-us","Pledge agreements over personal property are governed by UCC Article 9. A security interest is created by signing the agreement but is only perfected — and effective against third parties — upon filing a UCC-1 financing statement with the appropriate Secretary of State. Priority is determined by the order of filing. California and New York have additional requirements for pledges involving regulated industries or consumer goods.",{"code":482,"name":483,"flag_asset_id":484,"note":485},"ca","Canada","flag-ca","Secured transactions over personal property in Canada are governed by provincial Personal Property Security Acts (PPSA). Perfection requires registration in the province where the collateral is located or where the debtor is based. Quebec uses a distinct civil-law regime under the Civil Code, requiring a hypothec agreement and publication in the Register of Personal and Movable Real Rights (RPMRR). Priority is determined by the order of PPSA registration.",{"code":487,"name":488,"flag_asset_id":489,"note":490},"uk","United Kingdom","flag-uk","Under the Companies Act 2006, a charge (including a pledge) created by a UK company must be registered at Companies House within 21 days of creation; failure to register makes the charge void against liquidators and creditors. Pledges over shares in private companies typically require consent provisions under the company's articles of association. The Law of Property Act 1925 and the Financial Collateral Arrangements Regulations 2003 provide additional frameworks for specific asset types.",{"code":492,"name":493,"flag_asset_id":494,"note":495},"eu","European Union","flag-eu","The EU Financial Collateral Directive harmonizes rules for pledges over financial instruments and cash deposits across member states, reducing formality requirements for qualifying arrangements. Outside the Directive's scope, secured transactions law varies significantly by member state — France, Germany, and the Netherlands each have distinct registration and formality requirements. GDPR implications arise when collateral includes databases or personal-data-intensive assets.",[241,244,497,234,234,498,499,500,501,502,503,504],"personal-guarantee-D405","non-disclosure-agreement-nda-D12692","adhesion-to-the-unanimous-shareholder-agreement-D848","letter-of-intent_acquisition-of-business-D5197","demand-letter-D13262","business-credit-application-D247","bill-of-sale-D1229","release-of-liability-waiver-D12892",{"emit_how_to":196,"emit_defined_term":196},{"primary_folder":144,"secondary_folder":507,"document_type":508,"industry":509,"business_stage":510,"tags":511,"confidence":517},"guaranties-and-collateral","agreement","general","all-stages",[512,513,514,515,516],"contract","pledge-agreement","collateral","loan-security","lending",0.95,"\u003Ch2>What is a Pledge Agreement Advance?\u003C/h2>\n\u003Cp>A \u003Cstrong>Pledge Agreement Advance\u003C/strong> is a legally binding security document in which a borrower — the pledgor — grants a lender — the pledgee — a security interest in specific identified assets in exchange for an advance of funds. Unlike an unsecured loan, a pledge agreement ties the lender's repayment rights to particular collateral, giving the lender a priority claim against those assets if the borrower defaults. The pledgor retains ownership and, in many cases, continued use of the pledged assets during the loan term; the pledgee holds a contingent right to possess and liquidate the collateral only if the secured obligations are not met. Common collateral types include shares in private or public companies, cash deposits, equipment, intellectual property, and accounts receivable.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a signed, perfected pledge agreement, a lender advancing funds has only an unsecured claim against the borrower — ranking alongside trade creditors and behind secured lenders in any insolvency proceeding. That exposure is not theoretical: when a borrower becomes insolvent, unsecured creditors typically recover cents on the dollar, while secured creditors with perfected interests recover from identified assets first. For the borrower, a properly structured pledge agreement enables access to capital that would otherwise be unavailable or priced significantly higher due to perceived credit risk. It also establishes clear rules for default, cure periods, and release — protecting the pledgor from arbitrary enforcement and the pledgee from borrower challenges to their remedies. This template gives both parties a professionally structured starting point that covers every material clause, reducing drafting time and the risk of an unenforceable security interest caused by a missing or imprecise provision.\u003C/p>\n",1781186039101]