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

Please note this package is limited to drafting a General Security Agreement. It does not include any tax or financial advice.