A Chattel Security Agreement is used when a party needs to create security over movable personal property to secure their obligations to a lender or other secured party. Under English and Welsh law, these agreements must comply with specific statutory requirements, particularly the Bills of Sale Acts. The agreement details the secured assets, the secured obligations, and the rights and remedies of the secured party. It's commonly used in commercial financing transactions where traditional real estate security is unavailable or insufficient.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of secured party and chargor
2. Background: Context of the security arrangement and relationship between the parties
3. Definitions: Key terms used throughout the agreement including defined terms for secured assets
4. Grant of Security: Core security creation provisions and nature of the security interest being created
5. Secured Obligations: Description of obligations being secured and scope of security coverage
6. Representations and Warranties: Chargor's confirmations regarding ownership, condition and status of the secured assets
7. Covenants: Ongoing obligations of the chargor regarding maintenance and use of secured assets
8. Enforcement: Rights and remedies of the secured party upon default
9. Governing Law and Jurisdiction: Choice of English and Welsh law and courts
1. Further Assurance: Additional security perfection requirements for complex security arrangements
2. Power of Attorney: Appointment of secured party as attorney for additional enforcement powers
3. Assignment and Transfer: Rights to transfer the security interest where transferability is important
4. Consumer Protection Provisions: Additional protections required when the chargor is a consumer
1. Schedule 1 - Secured Assets: Detailed description and identification of chattels subject to security
2. Schedule 2 - Forms of Notice: Standard form notices for third parties regarding the security interest
3. Schedule 3 - Locations: Specified locations where secured assets are kept or maintained
4. Appendix A - Registration Requirements: Specific filing and registration requirements for perfecting the security
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Security Deposit Agreement
An England & Wales agreement detailing financial security terms for property rentals or commercial transactions.
find out more
Private Security Agreement
An England & Wales legal document establishing terms for professional security services and compliance obligations.
find out more
Pledge Agreement
An England & Wales legal document securing obligations by pledging assets, detailing rights and enforcement upon default.
find out more
Personal Property Security Agreement
An England & Wales legal document securing lender's interest over borrower's movable property as collateral.
find out more
Penetration Testing Confidentiality Agreement
An England & Wales legal document authorizing controlled system access for security vulnerability assessments.
find out more
Cybersecurity Agreement
A legal agreement in England & Wales outlining terms for the transfer of intellectual property rights.
find out more
Collateral Substitution Agreement
A legal contract in England & Wales outlining terms for the sale and transfer of property ownership.
find out more
Collateral Agreement
A legal document from England & Wales granting power of attorney for financial and property affairs management.
find out more
Agreement To Exclude Security Of Tenure
A legal document from England & Wales granting power of attorney for financial and property affairs management.
find out more
Collateral Substitute Exchange Agreement
An English law agreement governing the substitution of one form of collateral for another while maintaining the same security interest.
find out more
Auto Security Agreement
A legal agreement under English and Welsh law creating security over a vehicle in favor of a lender as collateral for a loan.
find out more
Key Holding Contract
A legal agreement under English and Welsh law establishing terms for professional key holding and management services by a licensed security provider.
find out more
Safe Deposit Box Lease Agreement
A contract under English and Welsh law governing the lease of secure storage facilities between a financial institution and its customers.
find out more
Stock Collateral Loan Agreement
An English law agreement governing loans secured by stocks or securities, establishing terms, collateral requirements, and enforcement rights.
find out more
Safe Deposit Box Rental Agreement
An English law agreement governing the rental and use of secure storage facilities between a service provider and customer.
find out more
Purchase Money Security Agreement
An English law agreement creating security interest for purchase-specific financing.
find out more
Master Loan And Security Agreement
A comprehensive agreement under English and Welsh law governing multiple loan facilities and related security arrangements between lender and borrower.
find out more
Loan Against Shares Agreement
A legally binding agreement under English and Welsh law establishing terms for a loan secured against shares, including security arrangements and enforcement provisions.
find out more
Cyber Security Agreement
An English law agreement establishing terms for cybersecurity services, including security measures, incident response, and compliance requirements.
find out more
Purchase Security Agreement
An English law agreement creating security interests over purchased assets in favor of a secured party.
find out more
Note And Warrant Purchase Agreement
An English law agreement governing the purchase of convertible notes and equity warrants, combining debt financing with potential equity participation.
find out more
Factoring And Security Agreement
An English law agreement governing the sale of receivables to a factor and creating security interests over related assets.
find out more
Data Protection Agreement
An English law agreement governing personal data processing arrangements between controllers and processors under UK data protection legislation.
find out more
Consumer Security Agreement
An English law agreement creating security over consumer assets to secure financial obligations.
find out more
Commercial Pledge Agreement
An English law agreement creating a pledge over assets as security for obligations, governed by English and Welsh law.
find out more
Membership Interest Pledge Agreement
An English law agreement creating security over membership interests in a company or partnership as collateral for obligations.
find out more
Membership Interest Agreement
A legal agreement under English law governing the transfer or issuance of membership interests in a business entity.
find out more
Lease Security Agreement
An English law agreement creating security for lease obligations, typically through charges over specific assets or rights.
find out more
Irrevocable Pledge Agreement
A legally binding agreement under English and Welsh law creating an irrevocable security interest over specific assets.
find out more
Guaranty And Security Agreement
An English law agreement combining personal guarantee obligations with security interests over specific assets to secure payment or performance obligations.
find out more
Global Master Repurchase Agreement
A standardized master agreement under English and Welsh law for documenting repurchase transactions in securities markets.
find out more
Data Security Agreement
A legally binding agreement under English law that establishes data security measures and protocols between parties.
find out more
Information Security Agreement
An English law agreement establishing information security requirements and protocols for protecting sensitive data between contracting parties.
find out more
Confidentiality And Security Agreement
An English law agreement combining confidentiality obligations with security requirements for protecting sensitive information.
find out more
Chattel Security Agreement
An English law agreement creating security over movable personal property to secure obligations to a lender.
find out more
Retail Installment Contract And Security Agreement
An English law agreement enabling installment purchases with built-in security interest for the seller until full payment completion.
find out more
Subordinated Creditors Security Agreement
An English law agreement establishing security priorities between senior and subordinated creditors over a debtor's assets.
find out more
Shareholder Agreement Transfer Of Shares
A legally binding agreement under English and Welsh law governing the transfer of shares between parties in a company.
find out more
Third Party Collateral Agreement
An English law agreement where a third party provides collateral to secure another party's obligations.
find out more
Stock Transfer Restriction Agreement
A legally binding agreement under English and Welsh law that establishes restrictions and procedures for the transfer of company shares.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)