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Patent Security Agreement
"I need a Patent Security Agreement under Singapore law for a biotech startup pledging its gene-editing patents to secure a Series B funding round of $10M, with the security to be effective from March 2025."
1. Parties: Identifies the grantor and secured party with full legal details
2. Background: Explains the context of the security arrangement and identifies the patents
3. Definitions: Defines key terms used tHRoughout the agreement
4. Grant of Security Interest: Core provision creating the security interest over the patents
5. Representations and Warranties: Grantor's assertions about ownership and right to grant security
6. Covenants: Ongoing obligations regarding patent maintenance and protection
7. Events of Default: Circumstances triggering enforcement rights
8. Enforcement Rights: Secured party's rights upon default
1. Further Assurance: Additional actions parties may need to take when registration or additional documentation may be required
2. Patent Monetization Rights: Rights regarding licensing and commercialization when secured party wants control over patent exploitation
3. International Rights: Provisions for international patent rights when patents have international protection
1. Schedule of Patents: Detailed list of all patents and applications covered
2. Form of Registration: Required forms for recording the security interest
3. Existing Licenses: List of current patent licenses and agreements
4. Patent Maintenance Requirements: Specific obligations for maintaining patent rights
Authors
Applicable Law
Assigned Rights
Business Day
Collateral
Default
Encumbrance
Event of Default
Existing Licenses
Governmental Authority
Intellectual Property Office of Singapore
License Agreements
Lien
Patent Applications
Patent Documents
Patent Rights
Patents
Permitted Encumbrances
Proceeds
Related Rights
Secured Obligations
Secured Party
Security Interest
Security Period
Singapore
Term
Territory
Third Party Licenses
Transaction Documents
Grant of Security Interest
Secured Obligations
Representations and Warranties
Covenants
Patent Maintenance
Patent Protection
Patent Prosecution
License Rights
Events of Default
Enforcement Rights
Remedies
Further Assurance
Power of Attorney
Release of Security
Assignment and Transfer
Notices
Confidentiality
Governing Law
Jurisdiction
Amendment and Waiver
Severability
Counterparts
Registration
Fees and Expenses
Indemnification
Term and Termination
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