Contract for collateral on assets 

Use this contract: 

• When you owe the creditor a certain debt, in pounds or a foreign currency.
• To reassure the creditor and guarantee payment of the debt with the value of movable objects.
• If you agree to temporarily dispossess yourself of the pledged items without being able to use them until the debt is repaid.

£20/document

TRY BEFORE BUY

Jurisdiction: England and Wales
Every contract has a 100% legal guarantee. No further checks are needed.

Create document

Use the following options to optimise the conditions of the pledge: 

• Possibility for the creditor to repurchase the item at the market price in the event of default. 
• Indication of a grace period during which the debt must be paid in cash before the pledged object can be realised. 
• Obligation to cover the costs of realisation, and any excess amount not covered by the value of the item realised. 
• Obligation to return any balance of the realised object price that exceeds the amortised debt.