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Your intellectual property includes the intangible assets you create for your business, such as names, designs, and automated processes. And just like tangible possessions -- like supplies, equipment, buildings, and inventory --, your intellectual property contributes to the value and success of your business.
Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.
The four main types of intellectual property are patents, trademarks, copyrights, and trade secrets.
Intellectual Property Collateral means, collectively, the Patents, Trademarks, Copyrights, Intellectual Property Licenses and Goodwill.
Intellectual Property Collateral means, collectively, the Patents, Trademarks, Copyrights, Intellectual Property Licenses and Goodwill.
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An intellectual property assignment is the transfer of an owners rights in copyrights, trademarks, patents, trade secrets, or other intangible creations. These transfers may take place on their own or as part of a larger transaction.
In much of the developed world, using IP as collateral is a financial tool. It is clear that more IP assets are now being used in asset based lending. The Brookings Institute concluded intangible inputs are as important, or more important to wealth creation that tangible assets3.
Utility patents: for tangible inventions, such as products, machines, devices, and composite materials, as well as new and useful processes. Design patents: the ornamental designs on manufactured products. Plant patents: new varieties of plants.
Assignment is a legal term whereby an individual, the assignor, transfers rights, property, or other benefits to another known as the assignee. This concept is used in both contract and property law. The term can refer to either the act of transfer or the rights/property/benefits being transferred.
There are two typical scenarios in which intellectual property is used as collateral. In one instance, a lender extends credit using Intellectual Property assets as collateral. If the borrower fails to meet its loan obligations, the lender is entitled to foreclose on the collateral.