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Collateral agreement 2025

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The document is a Collateral License Agreement between GeneLink, Inc. and the University of North Texas Health Science Center, effective July 1, 1996. It grants USTHSC a royalty-free, non-exclusive license to use GeneLink's patent application for a non-invasive identification system, in accordance with a prior technology agreement that lasts until March 31, 2001.

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Click ‘Get Form’ to open the collateral agreement in the editor.
Begin by entering the date at the top of the document. Ensure it reflects the current date or the intended effective date of the agreement.
Fill in the names and addresses of both parties involved: GeneLink, Inc. and University of North Texas Health Science Center. Make sure all details are accurate to avoid any legal issues.
Review the 'Whereas' section carefully, ensuring that it accurately describes the context and purpose of this agreement based on prior agreements.
In Section 1, confirm that you understand and agree to the terms regarding the royalty-free non-exclusive license under the Patent Application. Adjust any necessary details as needed.
Complete Section 2 by noting that this license is subject to termination conditions as outlined in previous agreements.
Finally, ensure all parties sign and date at the bottom of the document. Use our platform’s signature feature for a seamless signing experience.

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What is a collateral loan agreement?

Collateral is something a borrower promises to a lender in case they cant repay the loan. For home, personal, or business loans, lenders usually require collateral. If the borrower defaults on the loan, the lender can claim the assets offered as collateral.

What is an example of a collateral contract?

For example, if X agrees to buy goods from Y that will, accordingly, be manufactured by Z, and does so on the strength of Zs assurance as to the high quality of the goods, X and Z may be held to have made a collateral contract consisting of Zs promise of quality given in consideration of Xs promise to enter into the

What is the collateral agreement rule?

To be enforceable, a collateral contract must be independent, promissory, intentional, supported by consideration, and consistent with the main agreement. Common uses include construction warranties, supplier guarantees, and pre-lease condition promises.

What is a collateral arrangement?

A collateral arrangement whereby, instead of instigating a pledge or security interest of some kind, a debtor provides cash or financial collateral to its creditor by means of title transfer against a contingent obligation on the creditor to return an equivalent security should the exposure be resolved.

What is meant by collateral agreement?

Collateral agreement means any contract, whether or not in writing, that is related, either directly or indirectly, to a management contract, or to any rights, duties or obligations created between a tribe (or any of its members, entities, or organizations) and a management contractor or subcontractor (or any person or

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What is the legal meaning of collateral?

Collateral is an item of value, such as property or assets, that is pledged by an individual (borrower) in order to guaranty a loan. Upon default, the collateral becomes subject to seizure by the lender and may be sold to satisfy the debt. The value of collateral is not based on the market value.

What is the meaning of collateral agreement?

Its an arrangement that is related to another larger written contract, yet maintains its separate and independent existence How to use collateral agreement in a sentence.