General Contract Clauses: Payment Terms, Purchase-Money Security Interest (PMSI) (LA) | Practical Law

General Contract Clauses: Payment Terms, Purchase-Money Security Interest (PMSI) (LA) | Practical Law

A Standard Clause to be included in a sale or supply of goods agreement governed by Louisiana law under which the buyer grants to the seller a purchase-money security interest (PMSI) in the goods to secure the buyer's obligation to pay the purchase price of the goods. This Standard Clause has integrated notes with important explanations and drafting tips.

General Contract Clauses: Payment Terms, Purchase-Money Security Interest (PMSI) (LA)

Practical Law Standard Clauses w-000-2882 (Approx. 11 pages)

General Contract Clauses: Payment Terms, Purchase-Money Security Interest (PMSI) (LA)

by Practical Law Commercial Transactions, with Robert P. Thibeaux and Dominik J. Cvitanovic, Carver Darden, Koretzky, Tessier, Finn, Blossman & Areaux L.L.C.
Law stated as at 20 Mar 2017 • Louisiana
A Standard Clause to be included in a sale or supply of goods agreement governed by Louisiana law under which the buyer grants to the seller a purchase-money security interest (PMSI) in the goods to secure the buyer's obligation to pay the purchase price of the goods. This Standard Clause has integrated notes with important explanations and drafting tips.