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.
New Jersey Collateral Assignment of Intellectual Property
State:
Multi-State
Control #:
US-TC0713
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Word;
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FAQ
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.
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.
This is a form of collateral assignment of a material agreement wherein a borrower (the assignor) grants to a lender (the assignee) a collateral security interest in a material contract used in the borrower's business as security for the obligations owing to the lender from the borrower under a credit facility.
Where a security interest in an unregistered work can be perfected by filing a financing statement with the Secretary of State (under a state's version of Article 9 of the Uniform Commercial Code), a perfected security interest in a registered, copyrighted work must be recorded with the U.S. Copyright Office to perfect ...
This is a form of collateral assignment of a material agreement wherein a borrower (the assignor) grants to a lender (the assignee) a collateral security interest in a material contract used in the borrower's business as security for the obligations owing to the lender from the borrower under a credit facility. Collateral Assignment of Material Agreement | Practical Law Westlaw ? document ? Collateral... Westlaw ? document ? Collateral...