Security Agreement
A security agreement is a conditional transfer of patent ownership when patents are used as collateral for a loan. The borrower will agree to transfer ownership of the patents to the lender if the borrow defaults on the loan. Security agreements on patents in the US are registered with the United States Patent and Trademark Office.
Read more about this topic: Transfer (patent)
Famous quotes containing the words security and/or agreement:
“In the long course of history, having people who understand your thought is much greater security than another submarine.”
—J. William Fulbright (b. 1905)
“There’s nothing is this world more instinctively abhorrent to me than finding myself in agreement with my fellow-humans.”
—Malcolm Muggeridge (1903–1990)