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.
South Carolina Collateral Assignment of Intellectual Property
State:
Multi-State
Control #:
US-TC0713
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Word;
PDF;
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FAQ
The South Carolina Supreme Court has held that an attorney must conduct all real estate and mortgage loan closings.
Married couples in South Carolina most commonly own property together as joint tenants with rights of survivorship. The advantage is that when one spouse dies, the surviving spouse automatically takes ownership of the property without it being subject to probate.
South Carolina deeds must include a derivation clause. A derivation clause is a statement identifying the source of the current owner's title to the real estate?typically the prior deed or probate estate through which the current owner acquired the property.
Derivation Clause. A derivation clause is a statement identifying the source of the current owner's title to the real estate?typically the prior deed or probate estate through which the current owner acquired the property.
Section effective January 1, 2017. (a) In this section, "estate, trust, or other beneficial interest" means a trust, probate estate, guardianship, conservatorship, escrow, or custodianship or a fund from which the principal is, may become, or claims to be, entitled to a share or payment.
For example, if John sells his property to Jane, the derivation clause in the deed of trust would state that John was the previous grantor and the recording date of the deed. This information is important for future reference and to ensure that the title is clear and free of any encumbrances.