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1. Parties: Identifies the security provider and security taker
2. Background: Context of the security arrangement and underlying obligations
3. Definitions: Key terms used throughout the agreement including secured assets, secured obligations, and enforcement events
4. Security Interest: Core provisions creating and describing the nature of the security interest
5. Representations and Warranties: Statements about the secured assets and provider's authority to grant security
6. Covenants: Ongoing obligations regarding the maintenance and preservation of secured assets
7. Enforcement: Rights and remedies upon default, including power of sale and appointment of receivers
8. Governing Law and Jurisdiction: Specification of English and Welsh law as governing law and jurisdiction for disputes
1. Further Assurance: Additional actions required to perfect or maintain security interest in complex arrangements
2. Power of Attorney: Appointment of security taker as attorney for enforcement purposes
3. Assignment and Transfer: Provisions governing the transfer of security interests to third parties
4. Consumer Protection Provisions: Additional protections required when security provider is a consumer
1. Schedule of Secured Assets: Detailed description and identification of all assets subject to security
2. Forms of Notice: Standard form notices for perfecting security interests in specific assets
3. Secured Obligations: Comprehensive list of obligations secured by the agreement
4. Filing and Registration Requirements: Details of required registrations at Companies House, Land Registry, or other registries
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