Trademark Security

A security agreement is a document that provides a lender a security interest in a specified asset or property that is pledged as collateral. Security agreements often contain covenants that outline provisions for the advancement of funds, a repayment schedule, or insurance requirements.

A security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the collateral) which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations.

A security agreement, in the law of the United States, is a contract that governs the relationship between the parties to a kind of financial transaction known as a secured transaction.

Mortgage and security interest are two similar terms, both referring to a collateral created in order to secure a debt by one party to the other.The basic difference is that mortgage is a traditional way of securing obligations under the common law, typically used in property transactions.

A loan secured by specific security agreement is a type of lending facility used to finance business equipment. The asset acts as security for the lender and upon the final payment, the mortgage or bill of sale over the item is released.

Sign two copies of the agreement, one for you and one for the other party. Depending on the nature of its terms, you may decide to have your agreement witnessed or notarized. This will limit later challenges to the validity of a party's signature. If your agreement is complicated, do not use the enclosed form.

The trademark security agreement filed with the USPTO must specifically identify the trademarks, which is typically accomplished by attaching a schedule which lists the mark, the jurisdiction, registration number, registration date, and record owner.

Trademark protection refers to safeguarding intellectual property rights to protect a trademark from counterfeiting and infringement. A trademark is an established or legally registered mark that identifies a manufacturer's unique goods and services.