Form Of Pledge Agreement

The deposit contract can be concluded in simple written form. However, if security is real estate, the contract must be notarized and registered. The holder of pledges and the holder of pledges under this Agreement may be legal and natural persons. The deposit contract must contain information relating to the subject of the deposit (trademarks, patents), the amount and duration of the performance of the obligation secured by the pledge. This is an agreement that helps to fulfill certain obligations of the rights holder, for example the repayment of the loan. In case of car seizure, the object of security is a vehicle (car, motorcycle, special machines, boats, etc.). According to the terms of the contract, the mortgaged vehicle may remain in use of the mortgage vehicle and be handed over to the creditor for retention during the term of the credit agreement. . . .