Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Collateral definition

What does Collateral mean? Collateral describes the assets or rights a borrower (or a third party) provides to a lender to create a security interest securing repayment or performance. If the borrower defaults, the secured creditor can enforce against the collateral to satisfy the debt. The term is a descriptive commercial expression rather than a single statutory definition. However, “financial collateral” is defined in the Financial Collateral Arrangements (No. 2) Regulations 2003 (UK) and the European Communities (Financial Collateral Arrangements) Regulations 2010 (Ireland). Collateral commonly includes land, plant and machinery, shares, bank accounts, receivables, intellectual property and cash. Security is typically taken by mortgage...

Contractor collateral warranty deed to funder, purchaser or tenant—contractor‑friendly form with optional step‑in rights, assignment limits and PI/copyright provisions (English law)

Published by a LexisNexis Construction expert

Precedents

This Deed is entered into on the [ insert date ] day of [ insert month ] 20[ insert year ]

Parties

[ insert name ] (Company Number [ insert number ]) whose registered office is at [ insert address ] (the ‘Contractor’); [ and ]
[ insert name ] (Company Number [ insert number ]) whose registered office is at [ insert address ] (the ‘Beneficiary’, which expression shall include successors in title and any permitted assignee) [ ; and OR . ]
[ [ insert name ] (Company Number [ insert number ]) whose registered office is at [ insert address ] (the ‘Employer’). ]

WHEREAS

(A) [ [ insert name ] (Company Number [ insert number ]) whose registered office is at [ insert address ] (the ‘Employer’) OR The Employer ] has entered into a building contract dated [ insert date ] with the Contractor (the ‘Building Contract’) for the [ design and ] construction of certain works as defined under the Building Contract (the ‘Works’) in relation to the development known as [ insert name ] (the ‘Project’)...

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Web page updated on 22/05/2026

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