Security Agreement



Security Agreement :






Letter to Return of Merchandise Due To Receipt of Wrong Goods :

Dear Mr. / Mrs…...,

This is to acknowledge receipt of the above referenced order and to inform you that the merchandise does not meet my specifications.

Whereas I ordered…

But you sent me…

Inasmuch as this item was intended as a gift, I must cancel my order and request a refund for the merchandise.

If you will provide me with your instructions for returning this merchandise to your firm, I will arrange for its speedy delivery.




Letter to Return to Manufacturer for Warranty Repair :

Dear Mr. / Mrs……,

The [name of item] that is within this package was purchased on [date] and is under warranty. The problem I am encountering is that….

DETAILED DESCRIPTION OF PROBLEM

Please make any adjustments necessary and return to the above address as soon as possible.




Letter to Convey Returned Product Received :

Dear Mr. / Mrs…..,

The [product name and model number] that you mailed to us for repair was received on [date]. We will be returning it to you as soon as the necessary adjustments are made.

We are sorry that you experienced a problem with our product and want to thank you for purchasing a [name of product].




Letter of Revocation of Guaranty :

Dear Mr. / Mrs…..,

Reference is made to a certain guaranty issued to you by the undersigned guarantying the continued credit of _ [Company].

Please be advised that effective upon receipt of this letter of guaranty revocation, the undersigned shall not be obligated on the guaranty for any future or further credit extended by you to the company.




Letter of Revocation of Power to Act as Company Representative :

Dear Mr. / Mrs……,

[Name of former employee] is no longer an employee of this corporation and is therefore no longer authorized to act, in any form whatsoever, on our behalf.

I am requesting that this information be relayed to all of your department heads.




Security Agreement :

Dear Mr. / Mrs……,

BE IT ACKNOWLEDGED that NAME and ADDRESS [Debtor] grants to _________ and its successors and assigns [Secured Party] a security interest in the following property [collateral] as herein described….

This security interest is granted to secure payment and performance on the following obligations owed Secured Party from Debtor.

[Describe obligation]

Debtor hereby acknowledges to Secured Party, each of the following.

The collateral shall also include any after acquired property of a like nature and description and all appurtenances, proceeds or products thereto.

The collateral shall be kept at the Debtor's above address, and adequately insured at the request of Secured Party.

The Debtor owns the collateral and it is free from any other lien, encumbrance and security interest and the Debtor has full authority to grant this security interest.

Debtor agrees to execute such financing statements as are reasonably required by Secured Party.

Upon default in payment or performance of any obligation for which this security interest is granted or breach of any provision of this agreement, then in such instance secured party may declare all obligations immediately due and payable and shall have all remedies of a secured party under the Uniform Commercial Code.

Signed in duplicate

Debtor

Secured Party

Record this security agreement in appropriate filing office.




Security Agreement






Security Agreement To HOME PAGE


Related Links : Security Agreement