Ontario Security Agreement for Franchise

$29.99

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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.

Download Type:

Microsoft Word

Last Updated: 14-April-2016

SKU: 7160

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Bad things happen when a franchisee can't meet its obligations. That's why you need to get your franchisees to sign this Guarantee and Indemnification.

This is a Canadian legal form.
A principal of the franchisee company guarantees the franchisee's obligations and payment of all amounts payable under the Franchise Agreement.
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Requiring all franchisees to execute a Guarantee and Indemnification gives you legal recourse if a franchisee goes under or can't perform its obligations. You can download the form immediately after purchase.

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