General Security Agreement

WHAT’S IT FOR?

The General Security Agreement is a legal agreement that gives a party a right to hold a security interest over all past and future property of a business or other entity. It is usually signed in connection with a loan agreement – whereby a borrower will give a lender security over the borrower’s assets. A GSA allows the lender to register their security interest on the Personal Property Securities Register (PPSR) and maker a claim over the secured property in the event the borrower defaults on the loan.

WHAT’S INCLUDED?

We’ll draft a General Security Agreement according to the requirements of your business.

This package includes:

• Drafting a General Security Agreement in accordance with the requirements of your business and explaining the key terms
• Phone consultations (up to 60 minutes) with a Sprintlaw lawyer who will take your instructions, advise you on the legal issues you need to know and answer your questions about the document
• 1 x complimentary amendment to the final draft we provide you, as long as you request the amendment within 10 business days of us delivering the final draft