Security Agreement
Customized Agreements
Security Agreement
Grant a security interest in specifically described personal-property collateral to secure defined obligations while recording value and Debtor rights, existing and permitted liens, locations and third-party possession, collateral duties, filing and other action cooperation, default and mandatory-law-qualified remedies, proceeds accounting, and asset-specific partial or final release through five coordinated schedules.
Also called: personal property security agreement, collateral agreement, secured transaction agreement.
What you walk away with
A clean multi-page PDF and DOCX after you finish — not a web-form dump. Preview the document before you pay.
- PDF export
- DOCX export
- E-sign included
- No subscription
Attachment, collateral-description sufficiency, filing offices, perfection, priority, control, possession, certificate-of-title systems, fixtures, intellectual-property recordation, default notices, disposition, surplus, deficiency, and release procedures vary by governing law, debtor type and location, collateral, transaction, and third-party rights.
Jurisdiction details
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When this fits
Use this document when…
- Secured business loans and payment obligations
- Equipment, inventory, accounts, instruments, or receivables collateral
- Deposit accounts, titled property, fixtures, or IP-related assets needing separate action records
- Collateral arrangements with existing liens, permitted dispositions, and structured releases
Before you start
Information you will need
- Secured Party, exact Debtor identity and organization facts, obligations, related instruments, value, purpose, effective date, opening balance, jurisdiction, locations, and prior security
- Selected collateral classes, specific descriptions, identifiers, ownership and rights, acquisition, locations, possession, proceeds, after-acquired treatment, and exclusions
- Existing and permitted liens, title and registry facts, fixtures, third parties, name or location changes, and conflict resolution
- Selected financing-statement, control, possession, title, fixture, IP, consent, acknowledgment, or other actions; responsible parties; timing; costs; status; and evidence
- Records, inspections, maintenance, insurance, taxes, use, dispositions, reporting, defaults, cure, remedies, expenses, proceeds, satisfaction, continuing obligations, release, notices, and signatures
What you receive
- One customized Security Agreement
- Schedule A collateral description
- Schedule B filing, control, possession, title, fixture, IP, and other actions
- Schedule C existing and permitted liens
- Schedule D secured obligations
- Schedule E satisfaction, release, and termination checklist
- PDF and DOCX export with electronic signature capability
Document questions
Questions about this document
What is a Security Agreement?
Grant a security interest in specifically described personal-property collateral to secure defined obligations while recording value and Debtor rights, existing and permitted liens, locations and third-party possession, collateral duties, filing and other action cooperation, default and mandatory-law-qualified remedies, proceeds accounting, and asset-specific partial or final release through five coordinated schedules.
How do I create a Security Agreement?
Secured business loans and payment obligations; Equipment, inventory, accounts, instruments, or receivables collateral; Deposit accounts, titled property, fixtures, or IP-related assets needing separate action records
What should a Security Agreement include?
Secured Party, exact Debtor identity and organization facts, obligations, related instruments, value, purpose, effective date, opening balance, jurisdiction, locations, and prior security; Selected collateral classes, specific descriptions, identifiers, ownership and rights, acquisition, locations, possession, proceeds, after-acquired treatment, and exclusions; Existing and permitted liens, title and registry facts, fixtures, third parties, name or location changes, and conflict resolution; Selected financing-statement, control, possession, title, fixture, IP, consent, acknowledgment, or other actions; responsible parties; timing; costs; status; and evidence; Records, inspections, maintenance, insurance, taxes, use, dispositions, reporting, defaults, cure, remedies, expenses, proceeds, satisfaction, continuing obligations, release, notices, and signatures
Special situations
- Equipment, inventory, accounts, instruments, deposit accounts, fixtures, titled property, IP-related collateral, after-acquired property, and proceeds appear only when selected.
- Schedule B records actual selected follow-up actions and evidence; signing alone is not represented as completing perfection or priority.
- Known liens remain disclosed and may be listed as permitted or otherwise resolved rather than contradicted by a blanket no-lien statement.
- Release logic separates partial assets, continuing and contingent obligations, avoided payments, financing statements, control, possession, titles, fixtures, IP records, and final evidence.
Frequently asked questions
Does signing this agreement perfect the security interest?
The agreement records the contractual grant and cooperation. Schedule B separately records each filing, control, possession, title, fixture, IP, or other selected action and its evidence; signing alone is not described as completing perfection or priority.
How specific is the collateral description?
Each selected class uses objective categories, identifiers, ownership and acquisition facts, locations, proceeds, after-acquired treatment, liens, and exclusions rather than a class label alone.
Can existing liens remain?
Yes, when disclosed and listed as permitted or otherwise resolved. The agreement avoids contradicting a disclosed claim with a blanket no-lien statement.
How are special collateral types handled?
Deposit accounts, titled property, fixtures, instruments, and IP-related assets each use dedicated control, possession, registry, filing, consent, or recordation paths.
When is collateral released?
Schedule E coordinates satisfaction, continuing and contingent obligations, avoided payments, partial releases, filing termination, control release, possession return, title and other releases, and evidence.
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Not legal advice
Locke Direct helps structure documents and workflows. It does not replace a qualified lawyer for complex, unusual, or high-risk situations.
Last reviewed August 2, 2026.