Security Agreement For Intellectual Property
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FAQ
The Designs Wing of the Patents Office under Government of India administers the registration process. The process for registration in online - you need to create an account, fill in the application, digitally sign the form (Form 5 and 44) and make the payment.
IP Security Agreement means any security agreement executed by any Loan Party that grants (or is prepared as a notice filing or recording with respect to) a Lien or security interest in favor of Agent and Lenders on Intellectual Property.
Article 9 of the UCC governs security interests in general intangibles, namely patents, trademarks, copyrights, and other intellectual properties.
The vast majority of IP assets fall into four categories: patents, trademarks, copyrights and trade secrets. Patents are exclusive rights that protect invented machines, manufactured objects, technological or industrial processes and systems.
An intellectual property right is viewed as a "general intangible" under the UCC.
