Protect your creditor rights with this Purchase Money Security Agreement for Ontario suppliers.
- The contract is made pursuant to provincial Personal Property Security Act legislation.
- The parties to the Agreement are a customer (debtor) and a supplier (secured party).
- The supplier extends credit to the debtor for the purchase of goods under a specific purchase order.
- In return for the credit, the debtor grants the supplier a first, fixed, specific purchase money security interest in the goods and in the proceeds therefrom.
The Ontario Purchase Money Security Agreement
is available as a fully editable Microsoft Word template.