To make sure that the collateral is of good value and is collectable if there is any default regarding the payment, both the parties create a security agreement which lays down the various terms and conditions related to the pledge agreement and the rights the lender will have to the collateral. The names of both the parties along with the details about the collateral must be mentioned.
You can Download the Pledge Agreement customize it according to your needs and Print. Pledge Agreement is either in MS Word, Excel or in PDF.
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