Contract for Proprietary Security

by

Contract for Proprietary Security in Europe

Contract for Proprietary Security (in European Private Law)

In this context, this may be a concept of the term: A “contract for proprietary security” is a contract under which a security provider undertakes to grant a security right to the secured creditor; or a secured creditor is entitled to retain a security right when transferring ownership; or a seller, lessor or other supplier of assets is entitled to retain ownership of the supplied assets in order to secure its rights to performance. (IX.–1:201(4))

Resources

See Also

  • Private Law

Leave a Comment