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.
Virginia Collateral Assignment of Intellectual Property
State:
Multi-State
Control #:
US-TC0713
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Word;
PDF;
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How to fill out Collateral Assignment Of Intellectual Property?
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FAQ
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.
(Article 9) Except as used in "account for", means a right to payment of a monetary obligation, whether or not earned by performance, ? for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, ? for services rendered or to be rendered, ? for a policy of insurance issued or to ...
A Copyright grants the right to copy a work of intellectual property. It also assigns credit for the IP. Though copyrights were originally conceived as a way for the government to restrict printing, they've since become a means of protecting authors' rights to profit from their creative endeavors.
A Q&A guide to Uniform Commercial Code (UCC) Article 9 Sales in Virginia. Article 9 of the Model UCC is intended to create a uniform system across the country for creating, perfecting, and enforcing security interests in personal property.
What constitutes ?seriously misleading?? ing to UCC Article 9-506(b), a Financing Statement is seriously misleading if a search for the debtor's legal name does not reveal the filing. seriously misleading. ?Standard Search Logic? is the holy grail of determining whether or not a filing is seriously misleading.
Article 9 is a section under the UCC governing secured transactions including the creation and enforcement of debts. Article 9 spells out the procedure for settling debts, including various types of collateralized loans and bonds.
The main point of Article 9 is to be a secured creditor: If a creditor is secured it has a claim in something of the buyer's (the goods exchanged for future payment or other collateral). This gives the creditor: Right of repossession of goods extended in exchange for future payment if the payment is never made.
Article 9 of the UCC governs security interests in ?general intangibles,? namely patents, trademarks, copyrights, and other intellectual properties.