# Contractual Lien Agreement
**This Contractual Lien Agreement** ("Agreement") is made and entered into as of the ___ day of __________, 20___, by and between:
**Party A:**
Name: _______________________
Address: _____________________
City, State, Zip: ____________
(Hereinafter referred to as the "Lienor")
**Party B:**
Name: _______________________
Address: _____________________
City, State, Zip: ____________
(Hereinafter referred to as the "Liendee")
**RECITALS**
WHEREAS, the Lienor has provided certain goods and/or services to the Liendee, as detailed in Exhibit A attached hereto (the "Goods/Services");
WHEREAS, the Liendee has failed to make payment to the Lienor for the Goods/Services rendered;
WHEREAS, the Lienor seeks to establish a contractual lien on the property of the Liendee to secure payment for the outstanding debt;
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:
## 1. Creation of Lien
The Lienor hereby creates a lien on the following property owned by the Liendee (the "Property"):
- Description of Property: ______________________________________________________
- Location of Property: ________________________________________________________
This lien shall secure payment of all amounts due to the Lienor under this Agreement.
## 2. Amount Due
The total amount due from the Liendee to the Lienor as of the date of this Agreement is $____________ (the "Debt"). The Debt shall accrue interest at a rate of ____% per annum until paid in full.
## 3. Enforcement of Lien
In the event that the Liendee fails to make the required payment by the payment due date of __________, 20___, the Lienor shall have the right to:
- Initiate proceedings to enforce the lien;
- Take possession of the Property;
- Sell the Property to satisfy the Debt, in accordance with applicable state and federal laws.
## 4. Payments
Payments shall be made to:
**Lienor**
Name: _______________________
Address: _____________________
Payments shall be due on the ___ day of each month until the Debt is paid in full.
## 5. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of __________________, without regard to its conflict of laws principles.
## 6. Amendment
This Agreement may be amended only by a written instrument signed by both parties.
## 7. Entire Agreement
This Agreement constitutes the entire agreement between the parties regarding its subject matter and supersedes all prior agreements, understandings, and negotiations, whether oral or written.
## 8. Severability
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
## IN WITNESS WHEREOF, the parties have executed this Contractual Lien Agreement as of the date first written above.
**Lienor:**
_______________________________
Signature
_______________________________
Name
_______________________________
Date
**Liendee:**
_______________________________
Signature
_______________________________
Name
_______________________________
Date
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### Exhibit A: Description of Goods/Services
- _________________________________________________________________________
- _________________________________________________________________________
*End of Agreement*