Free Legal FormsLegal Forms
Need Help Contact Us Find out more about us. Customer/Member Support
  Members Logon
 User Name
 
 Password
Forgot Your Password?
   
Search
View forms index

Do-it-yourself, and save-but be smart about it!

To make sure your goals are not compromised, and that your needs are properly met, All About Forms highly recommends that you have a licensed attorney review any legal documents you plan to use.

Why?

  • To be sure you have the right form for your state or local area.
  • To be sure you have the right form for your unique situation.
  • To be sure you are considering all possible legal ramifications.

Signup now to take advantage of the free consultations with our attorneys and financial experts and have them take a look at what you're planning. Just in case!



Back to Forms for 'Pledges'.


PLEDGE

PLEDGE

SALE OF BUSINESS

 

Agreement made this _____ day of _____________ by and between _______________ ("Debtor") and ______________________________________ ("Secured Party").

 

The parties agree that :

 

1.  The Debtor acknowledges receipt of _____________ ( $_________) Dollars as a purchase money loan from the Secured Party, evidenced by a certain promissory note of even date, given as payment in the purchase of ______________________________ __________________ from said Secured Party.

 

2.  The Debtor hereby pledges, assigns, transfers, and sets over to the Secured Party all _______ (his/her) rights, title, and interest in _________________________________ as collateral security for the repayment of the loan.  Said collateral is delivered herewith to be held by said Secured Party in pledge.

 

3.  In the event of a default in the payment of the loan, the Secured Party is fully authorized and empowered, without notice to, and without demand for payment from, the Debtor, to sell the collateral at public or private sale provided, however, that should the proceeds from the sale of the collateral exceed the value of the then outstanding loan balance plus reasonable attorney fees and costs, then the excess value of the proceeds shall be remitted to the Debtor.

 

Dated: ________________________

 

 

______________________________               ____________________________

Secured Party                                                      Debtor



Printer Friendly Version Get RTF Version


   
   

 ©2000-2012 CLC Inc.

 Home | About Us | Contact Us | FAQs | Link to Us
 Legal Information | Privacy Policy
   

Try us out for only $4.95!

Register now







FIFA 14 Coins,FIFA Coins,MMORPG Gold,MMOPRG Game,Wedding Dresses,Evening Dresses,Fashion Guides,Fashion Tips,Healthy Diets,Slimming Equipment,Fashion Bags,Fashion Handbags,Fashion Clothes,Fashion Shoes,FIFA 14 Coins,FIFA Coins,Fashion Jewelry,Fashion Jewellery,Fashion News,Fashion Tips,FIFA 14 Coins,FIFA Coins,Fashion Guides,Fashion Trends,Wedding Dresses,Evening Dresses,Wedding Dresses,Evening Dresses