A West Virginia Trademark Security Agreement is a legal document that provides security to lenders or creditors who have financed a loan or extended credit to a business using its trademarks as collateral. This agreement is designed to protect the lender's interests by creating a security interest in the intellectual property assets of the business. In West Virginia, there are two main types of Trademark Security Agreements: 1. General Trademark Security Agreement: This is a broad agreement that encompasses all trademarks owned by the business. It grants the lender a security interest in all present and future trademarks of the debtor, ensuring that the lender has a priority claim on these assets in case of default or bankruptcy. 2. Specific Trademark Security Agreement: This agreement focuses on a specific trademark or a limited group of trademarks owned by the business. It allows the lender to secure its loan against those specific trademarks, enabling the lender to have a priority claim on those assets in case of default. Keywords: West Virginia, Trademark Security Agreement, lenders, creditors, collateral, protect, security interest, intellectual property assets, business, financing, loan, credit, general, specific, priority claim, default, bankruptcy.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.