Landmarq

Required Details for a Pledge Agreement

1. Parties Involved

• Pledgor: Name, address, and identification details (e.g., PAN, Aadhar).
• Pledgee: Name, address, and identification details (e.g., PAN, Aadhar).

2. Loan or Credit Facility Details

• Amount of loan or credit facility.
• Interest rate and repayment terms.
• Purpose of the loan or credit.

3. Description of Pledged Assets

• Detailed description of the asset(s) being pledged (e.g., quantity, quality, serial numbers).
• Valuation report or invoice of the asset(s).

4. Possession and Custody

• Confirmation of physical possession of the pledged asset by the pledgee or a designated third party (e.g., warehouse keeper).
• Details of any warehouse receipts or storage agreements.

5. Terms of the Agreement

• Duration of the pledge.
• Conditions under which the pledge can be invoked.
• Rights and obligations of both parties.

6. Default and Enforcement Clauses

• Events of default (e.g., non-payment, insolvency).
• Remedies available to the pledgee upon default.
• Process for sale or disposal of pledged assets.

7. Legal Provisions

• Governing law and jurisdiction.
• Dispute resolution mechanism (e.g., arbitration).
• Force majeure and indemnity clauses.

8. Execution Details

• Signatures of both parties.
• Date and place of execution.
• Witness signatures and details.

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📄 Required Documents

1. From the Pledgor

• Identity Proof: PAN card, Aadhar card, passport, or voter ID.
• Address Proof: Utility bills, rental agreements, or bank statements.
• Ownership Proof of Pledged Asset: Invoice, purchase receipt, or certificate of title.
• Valuation Report: An independent valuation of the pledged asset(s).

2. From the Pledgee

• Identity Proof: PAN card, Aadhar card, passport, or voter ID.
• Address Proof: Utility bills, rental agreements, or bank statements.
• Loan Agreement: Copy of the loan or credit facility agreement.

3. Third-Party Documents (if applicable)

• Warehouse Receipt: If the asset is stored with a third party.
• Insurance Policy: Covering the pledged asset(s), with the pledgee as the beneficiary.
• Board Resolution: For corporate pledgors, authorizing the pledge.

Required Details for a Hypothecation Agreement

1. Parties Involved

• Hypothecator (Borrower): Name, address, and identification details (e.g., PAN, Aadhar).
• Pledgee: Name, address, and identification details (e.g., PAN, Aadhar).

2. Loan or Credit Facility Details

• Amount of loan or credit facility.
• Interest rate and repayment terms.
• Purpose of the loan or credit.

3. Description of Hypothecation Assets

• Detailed description of the asset(s) being hypothecated (e.g., quantity, quality, serial numbers).
• Valuation report or invoice of the asset(s).

4. Terms of the Agreement

• Duration of the hypothecation.
• Conditions under which the hypothecation can be invoked.
• Rights and obligations of both parties.

5. Default and Enforcement Clauses

• Events of default (e.g., non-payment, insolvency).
• Remedies available to the hypothecatee upon default.
• Process for sale or disposal of hypothecated assets.

6. Legal Provisions

• Governing law and jurisdiction.
• Dispute resolution mechanism (e.g., arbitration).
• Force majeure and indemnity clauses.

7. Execution Details

• Signatures of both parties.
• Date and place of execution.
• Witness signatures and details.

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📄 Required Documents

1. From the Hypothecator / Borrower

• Identity Proof: PAN card, Aadhar card, passport, or voter ID.
• Address Proof: Utility bills, rental agreements, or bank statements.
• Ownership Proof of Hypothecated Asset: Invoice, purchase receipt, or certificate of title.
• Valuation Report: An independent valuation of the hypothecated asset(s).

2. From the Hypothecatee / Lender

• Identity Proof: PAN card, Aadhar card, passport, or voter ID.
• Address Proof: Utility bills, rental agreements, or bank statements.
• Loan Agreement: Copy of the loan or credit facility agreement.

3. Third-Party Documents (if applicable)

• Warehouse Receipt: If the asset is stored with a third party.
• Insurance Policy: Covering the hypothecated asset(s), with the hypothecatee as the beneficiary.
• Board Resolution: For corporate hypothecators, authorizing the hypothecation.