This document is a collateral assignment of intellectual property. It details the collateral assignment, the scope of the assignment, representations and warranties, default remedies, and all other aspects generally found in an assignment agreement.
District of Columbia Collateral Assignment of Intellectual Property
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Multi-State
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US-TC0713
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Under Article 9 of the Uniform Commercial Code (UCC), "inventory" refers to goods, materials, and other property that are held for sale or lease, or that are used or consumed in a business's operations. Specifically, inventory is a type of collateral that can be pledged by a debtor to secure a loan or other obligation.
?Equipment? is one of the shorter definitions in Article 9. It is a catchall category for goods and is defined to be ?goods other than inventory, farm products or consumer goods.?3 Consumer goods are goods that are used or bought for use primarily for personal, family or household purposes. Property and Transactions Subject to Collateral Categories ... Monitordaily ? article-posts ? prope... Monitordaily ? article-posts ? prope...
Inventory ? Under UCC Article 9, inventory is goods that are not farm products and that are (a) leased by a lessor; (b) held for sale or lease or to be furnished under a contract of service; (c) furnished in connection with a service contract; or (d) raw materials, work in process, or used or consumed in a business. What is a purchase money security interest (PMSI)? Wolters Kluwer ? ... ? Expert Insights Wolters Kluwer ? ... ? Expert Insights
Under Article 9 of the Uniform Commercial Code (UCC), "inventory" refers to goods, materials, and other property that are held for sale or lease, or that are used or consumed in a business's operations. Specifically, inventory is a type of collateral that can be pledged by a debtor to secure a loan or other obligation. inventory | Wex | US Law | LII / Legal Information Institute cornell.edu ? wex ? inventory cornell.edu ? wex ? inventory
Article 9 is a section under the UCC governing secured transactions including the creation and enforcement of debts. Article 9 spells out the procedure for settling debts, including various types of collateralized loans and bonds. Article 9: Definition, How It Works, Example, Revisions Investopedia ? terms ? article-9 Investopedia ? terms ? article-9
(6) ?As-extracted collateral? means: (A) Oil, gas, or other minerals that are subject to a security interest that: (i) Is created by a debtor having an interest in the minerals before extraction; and. (ii) Attaches to the minerals as extracted; or.
Article 9 of the UCC governs security interests in ?general intangibles,? namely patents, trademarks, copyrights, and other intellectual properties.
IP assets such as trademarks, trade names, patents, and copyrights are being used to secure loans issued by banks and other lenders. In most situations, IP assets tend to act as ?credit enhancers? and are included in a portfolio of assets that serves as collateral.