Trademark Assignment Agreement Template With Collateral
Description
How to fill out Trademark Assignment And License Agreement?
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FAQ
Registered or pending trademarks ( intellectual property) can be used as a form of collateral to secure a loan from a financier. By definition, a security interest is a property interest created by agreement between parties or by operation of law over assets in order to secure the performance of an obligation.
Trademark owners may need to borrow money from lenders. Lenders typically require security for loans so that in the event of a default the lender can seize the property pledged as collateral or security for the loan. Trademarks can also be used as security or collateral.
Definition: Collateral use refers to the legal use of a trademark by someone other than the trademark owner, where the other party must clearly identify itself, the use of the trademark, and the absence of affiliation with the trademark owner.
One obtains a security interest in a trademark by obtaining a written grant of a security interest from the debtor. The grant should cover the trademark itself, the accompanying goodwill, and, ideally, any other assets that embody that goodwill, such as corresponding domain name registrations.