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10:08 Mar 8, 2007
This question was closed without grading. Reason: Answer found elsewhere
English to Polish translations [PRO] Law/Patents - Law: Contract(s) / security
English term or phrase:lease intended for security
Kontrakt amerykański; dostawy sprzętu
If this Agreement is ever deemed by a court of competent jurisdiction to be a ***lease intended for security***, then to secure Client’s obligations under this Agreement, Client grants Manufacturer a purchase money security interest in the Products provided by Manufacturer to Client under this Agreement, and Client authorizes Manufacturer to file a financing statement to give public notice of Manufacturer’s ownership of the Products.