Document background
The Deed of Charge and Assignment is commonly used in secured financing transactions where both asset security and rights assignment are required. This document type is particularly relevant when a borrower needs to provide comprehensive security to a lender, including both tangible assets and intangible rights. Under U.S. law, the deed must comply with state-specific requirements and UCC Article 9, requiring proper execution, recording, and perfection of security interests. The document typically includes detailed provisions regarding the nature of the security, enforcement rights, and assignee's powers.
