The Simple Security Agreement is a fundamental document used in Indian financing transactions to create security interests over assets. It is typically used when a lender requires security over specific assets as collateral for a loan or other financial accommodation. The agreement must comply with Indian security laws, including the SARFAESI Act 2002, Transfer of Property Act 1882, and relevant state stamp duty laws. The document details the assets being secured, the obligations being secured, maintenance requirements for the security, and enforcement mechanisms. It's particularly important in corporate lending, project finance, and asset-based lending transactions where lenders require robust security packages to protect their interests. The Simple Security Agreement can be used for various types of assets, including movable property, receivables, and bank accounts, though separate forms may be required for immovable property under Indian law.
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 the security provider (borrower/guarantor) and the security holder (lender/beneficiary)
2. Background: Brief description of the underlying transaction and purpose of the security agreement
3. Definitions and Interpretation: Key terms used in the agreement and rules of interpretation
4. Creation of Security Interest: Specific provisions creating the security interest and describing the secured assets
5. Secured Obligations: Definition and scope of the obligations being secured by the agreement
6. Representations and Warranties: Security provider's confirmations regarding ownership, authority, and status of secured assets
7. Covenants: Ongoing obligations of the security provider regarding maintenance and protection of secured assets
8. Further Assurance: Obligation to execute additional documents and take further steps to perfect security
9. Enforcement: Rights and remedies of the security holder upon default
10. Power of Attorney: Appointment of security holder as security provider's attorney for security enforcement
11. Notices: Process and requirements for giving notices under the agreement
12. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction of courts
1. Intercreditor Provisions: Required when there are multiple secured creditors to establish priority and enforcement rights
2. Security Margin: Include when the security requires maintaining a specific value ratio of secured assets to secured obligations
3. Insurance: Detailed insurance requirements when secured assets need specific insurance coverage
4. Costs and Expenses: Detailed provisions about who bears various costs when these need to be specifically allocated
5. Assignment and Transfer: Include when parties want to specifically regulate ability to transfer rights under the agreement
6. Entire Agreement: Include when there are multiple documents and need to clarify their relationship
7. Force Majeure: Include when security over operating assets where force majeure could affect security value
1. Schedule 1 - Description of Secured Assets: Detailed description and/or list of assets over which security is created
2. Schedule 2 - Form of Notice: Standard forms of notices required under the agreement
3. Schedule 3 - Secured Obligations: Detailed description of secured obligations if complex or from multiple documents
4. Schedule 4 - Perfection Requirements: List of filings, registrations and other actions required to perfect security
5. Schedule 5 - Existing Security: Details of any existing security over the secured assets
6. Appendix A - Corporate Authorizations: Forms of corporate authorizations required for security creation
7. Appendix B - Security Value Calculation: Methodology for calculating value of security if relevant
Relevant legal definitions
Clauses
Relevant Industries
Banking
Financial Services
Manufacturing
Real Estate
Infrastructure
Technology
Retail
Healthcare
Automotive
Energy
Agriculture
Telecommunications
Construction
Mining
Logistics
Relevant Teams
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Banking
Credit
Collections
Corporate Secretarial
Operations
Relevant Roles
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Finance Manager
Credit Manager
Risk Manager
Treasury Manager
Compliance Officer
Company Secretary
Security Trustee
Loan Officer
Corporate Banking Manager
Asset Manager
Collections Manager
Financial Controller
Find the exact document you need
Simple Security Agreement
An Indian law-governed agreement creating security interests over assets in favor of a lender/security holder, establishing terms for security creation, maintenance, and enforcement.
Download
Alarm Monitoring Agreement
An Indian law-governed agreement establishing terms for professional alarm monitoring services, including service provider and customer obligations, monitoring protocols, and response procedures.
Download
Motor Vehicle Security Agreement
An Indian law-governed agreement creating security interest over a motor vehicle in favor of a lender, compliant with Motor Vehicles Act and SARFAESI Act.
Download
Personal Information Confidentiality Agreement
An Indian law-compliant confidentiality agreement for protecting personal information, incorporating requirements from key Indian data protection legislation.
Download
Simple Security Deposit Agreement
An Indian law-governed agreement establishing terms for managing security deposits between parties, including payment, maintenance, and return conditions.
Download
Security Cheque Agreement
An Indian law-governed agreement establishing terms for providing and holding post-dated cheques as security for an underlying obligation.
Download
Security Deposit Agreement
An Indian law-governed agreement establishing terms for holding and managing a security deposit, including deposit amount, maintenance conditions, and return provisions.
Download
Pledge Agreement
An Indian law-governed agreement creating a security interest through pledge of assets, detailing rights, obligations, and enforcement mechanisms between pledgor and pledgee.
Download
Penetration Testing Confidentiality Agreement
An Indian law-governed confidentiality agreement for penetration testing services, protecting sensitive information during authorized security testing activities.
Download
Data Privacy Contract
An Indian law-compliant Data Privacy Contract governing personal data processing activities, security measures, and compliance requirements between contracting parties.
Download
Collateral Substitution Agreement
An Indian law-governed agreement that establishes the framework and process for substituting one form of collateral for another in a secured lending arrangement.
Download
Sale Of LLC Interest Agreement
An Indian law-governed agreement facilitating the transfer of LLC ownership interests from seller to purchaser, ensuring compliance with Indian corporate and regulatory requirements.
Download
Safe Deposit Box Rental Agreement
An Indian law-governed agreement setting out terms for safe deposit box rental between a financial institution and its customers, compliant with Indian banking regulations.
Download
Purchase Money Security Agreement
An Indian law-governed agreement creating a security interest in property purchased with financed funds, establishing lender rights and borrower obligations until full payment.
Download
Debenture Purchase Agreement
An Indian law-governed agreement documenting terms and conditions for the purchase of debentures issued by a company to investors, including key terms, rights, and obligations.
Download
Purchase Security Agreement
An Indian law-governed agreement creating security interest over purchased assets, defining terms of security, collateral, and enforcement rights.
Download
Note And Security Agreement
An Indian law-governed agreement combining a promissory note with security arrangements, establishing loan terms and security interests while ensuring statutory compliance.
Download
Factoring And Security Agreement
An Indian law-governed agreement combining factoring of receivables with security creation, enabling businesses to obtain financing while providing security to the factor.
Download
Consumer Security Agreement
An Indian law-governed security agreement between a financial institution and consumer borrower, creating security over assets to secure financial obligations.
Download
Data Protection Agreement
An Indian law-governed agreement establishing terms for personal data processing and protection, ensuring compliance with India's data protection regulations.
Download
Commercial Pledge Agreement
An Indian law-governed agreement creating a security interest over movable assets through pledge arrangement between a pledgor and pledgee.
Download
Membership Interest Pledge Agreement
An Indian law-governed agreement creating a security interest over company membership interests as collateral for financial obligations.
Download
Membership Interest Agreement
An Indian law-governed agreement for transferring or acquiring membership interests in a company/LLP, establishing rights, obligations, and governance terms.
Download
Irrevocable Pledge Agreement
An Indian law-governed agreement creating an irrevocable security interest over assets in favor of a pledgee, detailing pledge terms and enforcement rights.
Download
Lease Security Agreement
An Indian law-governed agreement that establishes terms for managing lease security deposits, protecting both landlord and tenant interests.
Download
Guaranty And Security Agreement
An Indian law-governed agreement combining guarantee obligations and security arrangements, establishing both personal guarantees and asset-based security for financial obligations.
Download
Global Master Repurchase Agreement
An Indian law-governed master agreement for securities repurchase transactions, establishing terms for repo and reverse repo dealings while ensuring compliance with local regulations.
Download
Equipment Security Agreement
An Indian law-governed agreement creating security interest over equipment as collateral for financial facilities, compliant with SARFAESI Act and related legislation.
Download
Auto Loan Security Agreement
An Indian law-governed security agreement for vehicle financing that creates a security interest in favor of the lender while establishing loan terms and borrower obligations.
Download
Stock Escrow Agreement
An Indian law-governed agreement establishing terms for third-party custody of shares pending fulfillment of specified conditions, compliant with Companies Act and SEBI regulations.
Download
Personal Security Agreement
An Indian law-governed agreement establishing terms for personal security services, including operational protocols and compliance requirements under Indian security regulations.
Download
Security Deposit Installment Agreement
An Indian law-governed agreement establishing terms for paying and managing a security deposit through installments instead of a single payment.
Download
Collateral Account Control Agreement
An Indian law agreement establishing control mechanisms over bank accounts as collateral security, typically used in secured financing arrangements.
Download
Collateral Account Agreement
An Indian law-governed agreement establishing security over bank accounts and their contents, defining control rights and operational procedures between borrowers, lenders, and account banks.
Download
Chattel Security Agreement
An Indian law-governed agreement creating security interests over movable property (chattels) as collateral for financial obligations.
Download
Business Security Agreement
An Indian law-governed agreement creating security interests over business assets in favor of lenders, establishing rights and enforcement mechanisms under Indian security and banking laws.
Download
Trademark Security Agreement
An Indian law-governed agreement creating a security interest in trademarks as collateral for financial obligations.
Download
Retail Installment Contract And Security Agreement
An Indian law-governed agreement combining retail installment sales terms with security arrangements for financed consumer purchases.
Download
Subordinated Creditors Security Agreement
An Indian law-governed agreement establishing security rights for subordinated creditors and regulating priority between different classes of creditors.
Download
Convertible Bond Subscription Agreement
An Indian law-governed agreement detailing terms for investor subscription to convertible bonds with future equity conversion rights.
Download
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)