Ontario Security Agreement for Franchise
If you franchise your business model in Ontario, you can secure your franchisees' obligations with this Personal Property Security Agreement.
- The Security Agreement grants the franchisor a security interest in all of the present and after-acquired personal property of the franchisee (debtor) including inventory, equipment, fixtures, goods, and all proceeds therefrom.
- The security interest will secure any future loan financing, operating lines, or other credit facilities provided by the franchisor to the franchisee.
- Buy the form once, use it as often as you like.
Don't leave your position unsecured in the event a franchisee goes under. Buy and download the Ontario Security Agreement and have each of your franchisees sign it.
Last Updated: 14-April-2016