Select a document from the list
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Chattel Mortgage
Execute a mortgage over movable property (i.e. cellphone, jewelry, laptop) to secure an obligation
A Chattel Mortgage is a contract where movable property (i.e. a car) is put up as security by the debtor (the “mortgagor”) in the creditor’s (the “mortgagee”) favor for a loan or any other principal obligation. If the debtor fails to pay the loan or fulfill the principal obligation the creditor may foreclose the mortgage and sell the movable property on public auction. The proceeds of the sale will then be used to pay the debt.
An obligation secured by a Chattel Mortgage is called a secured debt. On the other hand an obligation unsecured by any collateral is called an unsecured debt.
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Chattel Mortgage for Payment of Loan
Execute a mortgage over movable property (i.e. cellphone, jewelry, laptop) to secure the payment of a loan
A Chattel Mortgage is a contract where movable property (i.e. a car) is put up as security by the debtor (the “mortgagor”) in the creditor’s (the “mortgagee”) favor for a loan or any other principal obligation. If the debtor fails to pay the loan or fulfill the principal obligation the creditor may foreclose the mortgage and sell the movable property on public auction. The proceeds of the sale will then be used to pay the debt.
An obligation secured by a Chattel Mortgage is called a secured debt. On the other hand an obligation unsecured by any collateral is called an unsecured debt.
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Consignment Agreement for Sale of Goods (Exclusive Distributor)
Authorize another person to sell your goods on your behalf as an exclusive distributor
A Consignment Agreement for Sale of Goods is an agreement between the owner of the goods (the “consignor”) and another person (the “consignee”) for the consignee to sell the goods on the consignor’s behalf. Under such arrangement the consignor receives the sales price while the consignee receives a commission.
The Consignment Agreement sets out the complete terms of the consignment and the respective rights and obligations of both parties. It contains basic provisions such as a description of the goods being sold and the amount of the consignee’s commission. It may also include detailed provisions depending on your situation such as (a) the imposition of a deadline to sell the goods; and (b) the degree of care the consignee must exercise when handling the goods.
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Consignment Agreement for Sale of Goods (Non-Exclusive Distributor)
Authorize another person to sell your goods on your behalf
A Consignment Agreement for Sale of Goods is an agreement between the owner of the goods (the “consignor”) and another person (the “consignee”) for the consignee to sell the goods on the consignor’s behalf. Under such arrangement the consignor receives the sales price while the consignee receives a commission.
The Consignment Agreement sets out the complete terms of the consignment and the respective rights and obligations of both parties. It contains basic provisions such as a description of the goods being sold and the amount of the consignee’s commission. It may also include detailed provisions depending on your situation such as (a) the imposition of a deadline to sell the goods; and (b) the degree of care the consignee must exercise when handling the goods.
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Contract for Secured Loan
Lend money with a comprehensive and detailed loan document secured by a collateral. Best for loans involving large amounts.
A Contract of Loan is a legally binding document where a person lends money (the “lender”) to another person (the “borrower”) subject to the borrower’s obligation to repay, sometimes with interest. The loan contract stipulates the terms of the loan such as the (1) amount loaned; (2) interest rate; and (3) terms of payment.
A Contract of Loan may also be either secured or unsecured. A secured loan refers to a loan protected by a collateral which the lender can sell if the borrower fails to timely pay the loan. A collateral can be either movable property (i.e. jewelry) or immovable property (i.e. a house). On the other hand, an unsecured loan refers to a loan that offers no collateral and leaves the lender with no property that can be readily sold to pay off the loan if the borrower defaults.
With Legal Tree you can easily create and customize the right Contract of Loan for you depending on your situation.
