Arizona Copyright Security Agreement Executed in Connection with Loan Agreement

State:
Multi-State
Control #:
US-01615BG
Format:
Word; 
Rich Text
Instant download

Description

There are primarily four types of intellectual property in the U.S.: (1) patents, (2) trademarks, (3) copyrights and (4) trade secrets. A copyright exists automatically once the creator of a "work" fixes the work in a tangible medium. A work is "fixed in a tangible medium" when it is written, photographed, recorded or otherwise documented. Copyrights can include everything from books and works of literature, as well as non-literary written documents, including compilations of data, references, price lists and computer software. Although a copyright will generally exist under the common law automatically, the rights of the creator are best protected when the creator files for copyright protection under the Copyright Act (17 U.S.C. 201) through the U.S. Patent and Trademark Office.

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FAQ

Loan agreements, like any contract, reflect an "offer," the "acceptance of the offer," "consideration," and can only involve situations that are "legal" (a term loan agreement involving heroin drug sales is not "legal").

Also known as security documents. The loan documents in a secured loan transaction which secure the borrower's obligations to the lender under the loan agreement.

Loan agreements typically include covenants, value of collateral involved, guarantees, interest rate terms and the duration over which it must be repaid. Default terms should be clearly detailed to avoid confusion or potential legal court action.

A fully executed document is a contract that has become effective as a result of the signatures of authorized representatives of the parties to the agreement.

A security agreement refers to a document that provides a lender a security interest in a specified asset or property that is pledged as collateral. Terms and conditions are determined at the time the security agreement is drafted.

Your lender will send the overpayment amount back to us or to you. Most of the time, loan servicers send the funds back to us and once received, we'll apply those funds to the principal balance of your loan. This process can take 30-45 days.

Execution of the loan means the time at which the borrower and the qualified lender have entered into a legal, binding, and enforceable loan contract and any subsequent amend- ment or modification of such contract.

Execution of this Agreement means the date when it has been signed by all the parties thereto.

Under a security deed, the lender is automatically able to foreclose or sell the property when the borrower defaults. Foreclosing on a mortgage, on the other hand, involves additional paperwork and legal requirements, thus extending the process.

Loans from banks or other institutional lenders are always made using a number of documents, two of which are a promissory and security agreement. In general, the promissory note is your written promise to repay the loan and a security agreement is used when collateral is given for the loan.

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Arizona Copyright Security Agreement Executed in Connection with Loan Agreement