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Sample Security Agreement

The customer can terminate this contract with or without reason by giving the company one month`s notice. CONSIDERING that the company whose expertise provides security services accepts and accepts the client`s job offer; The parties agree that the customer pays the company $4,999.00 per security personnel per position for services provided by the Company. Payment is made on the 10th and 25th of each month. Wages are not paid directly or indirectly to security guards and all compensation to be paid to security personnel is paid to the company. The company provides staff with the necessary uniform to wear to its service. The company accepts that the customer provides the necessary standards that the company must meet to maintain security in the customer`s premises, to the satisfaction of the customer. The company accepts that there is no employer-employee relationship in this agreement. Security personnel have no claims against the customer and are not responsible for wages, allowances and other benefits. Similarly, the Company releases the customer for any claim, loss, damage and damage suffered by security personnel for any event likely to occur on the Customer`s premises, including, but not limited to, intentional acts or omissions or negligence of security personnel during the effectiveness of this Agreement. Any amendment or amendment to this agreement is not considered to have taken place unless it is made in writing and signed by both parties. On the other hand, an unsecured loan has no guarantees.

In this way, you can understand that security agreements are signed only in secured loans in which a borrower, when giving his property to a creditor as collateral or guarantee of debt, signs the guarantee contract with the creditor. Under this agreement, creditors and debtors negotiate the terms and insert them into the agreement. This agreement includes the details of the guarantees or guarantees that the debtor provides to the creditor, as well as the conditions under which the creditor has the right to sell the security either to recover its debts or to return them to the debtor when he returns the entire amount of the loan. It is the customer`s responsibility to make facilities and stations available to security personnel on site.