CHƯƠNG 5: BIỆN PHÁP BẢO ĐẢM HỢP ĐỒNG

5.1 Definition of security for performance of
contract

Security

for performance

of contract

TAN PP. NGUYEN
UNIVERSITY OF ECONOMIC AND LAW

for

6 Securities

the

performance

of

a

civil

obligation are contingency measures, agreed
upon by the contractual parties to ensure the
interests

of

the

obligee.

Accordingly,

the

obligor grants the obligee the right to sell of the
property under the obligor’s ownership to
deduct the value of the obligation in the event
such obligation is breached.

¢

Rising upon the agreement of parties.

¢

Being contingency,
obligations).

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An obligation may be fully or partly secured, as agreed or as
provided by law. If there is no agreement on or if the law does
not provide, the scope of the security, the obligation, including
the obligation to pay interest and to compensate for any damage,
shall be deemed to be fully secured.

against

the

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5.4 Effectiveness

5.3 Collateral
Collateral must be under the ownership rights of the securing party,
except for the cases of lien on property or title retention.
Not being the subject of a dispute relating ownership.

against third parties

Art. 297 C.C. 2015
6

Security shall take effect against a third party from the time of
registration of such security or the secured party keeps or
possess the collateral.

6

When the security takes effect against a third party, the secured
party is entitled to reclaim the collateral and the payment
prescribed in Article 308 of this Code and relevant laws.

Collateral may be described generally but must be identified.
Collateral may be existing property or off-plan property.
The value of collateral may be greater, equal or smaller than the value
of the secured obligation.
Single item of property may be used as security for performance of

several obligations (Art. 296 C.C. 2015).


5.5. Measures of Security
¢

1. Pledge of property: Art.309

Cam

¢

2. Mortgage of property: Art. 317

“The

ê

3. Deposit: Art. 326

Dot

we

© Decree No. 21/2021/ND-CP

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4. Security collateral: Art. 329

My

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© Decree 107/2017/ND-CP

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5. Escrow deposit: Art. 330

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q4

ê

6Ĩ. Title retention: Art. 331

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7. Guarantee: Art. 335

bođ lait

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8. Fidelity guarantees: Art. 344

Bao dem

6

9. Lien on property: Art. 346

6 Registration of security:
© Art. 298 C.C. 2015

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