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.
Missouri Collateral Assignment of Intellectual Property
State:
Multi-State
Control #:
US-TC0713
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FAQ
Examples of intellectual property rights include: Patents. Domain names. Industrial design. Confidential information. Inventions. Moral rights. Database rights. Works of authorship.
Intellectual property rights can be transferred through a written agreement, such as a contract or assignment. The agreement should clearly state the details of the transfer, including the specific intellectual property rights being transferred, the parties involved, and any conditions or limitations.
Example of Collateral Assignment of Life Insurance You have a whole life insurance policy with a cash value of $65,000 and a death benefit of $300,000, which the bank accepts as collateral. So, you then designate the bank as the policy's assignee until you repay the $50,000 loan.
Statement of Intellectual Property Rights ? IPEC. Article 1 IPEC attaches great importance to and respects the legal rights and interests of IPR owners, and encourages the establishment of an open, transparent, and predictable IPR environment to promote the standardization and industrialization of relevant domains.
IP description: Always include a specific description of your intellectual property. Terms: When it applies, write out the terms of your ownership over the IP and how the IP can or cannot be used. Provisions: You might choose to include a provision to retain or disclaim all interest in, title, and rights to your IP.
Document Your Concepts and Original Content in Detail Have detailed drawings, descriptions, plans and records that can prove you came up with and have been working on your intellectual property. This type of proof will help in case someone challenges you as the rightful owner of your trademarks and copyrights.
The Uniform Commercial Code defines intellectual property as ?general intangibles? in which a lender's security interest is perfected by the filing of a UCC-1 financing statement in the state where the borrower's principal place of business is located.
Protect Your Company Brand To achieve this, you should just include a provision that clearly states that your business owns the exclusive right to use all of your branding materials. For example: ?[Your business] owns all intellectual property rights in the products and company branding as between you and us.?