A Copyright Security Agreement is essential when using copyrighted works as collateral for financing. This document, governed by U.S. federal copyright law and state UCC provisions, details the specific copyrighted works being used as collateral, establishes the secured party's rights, and outlines the debtor's obligations. It requires proper registration with the U.S. Copyright Office and UCC filing systems to ensure the security interest is properly perfected. The agreement is commonly used in creative industries, technology sectors, and any business where intellectual property represents significant value.
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1. Parties: Identification of the secured party and debtor
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement including references to Copyright Act 1976 and UCC Article 9
4. Grant of Security Interest: Formal creation of security interest in the copyrighted works
5. Description of Collateral: Detailed description of copyrighted works serving as collateral
6. Representations and Warranties: Statements about ownership and rights in the copyrighted works
7. Covenants: Ongoing obligations of the debtor regarding maintenance and protection of copyrights
8. Default Provisions: Events of default and remedies available to the secured party
1. Digital Rights Management: Provisions specific to digital works and DMCA compliance
2. International Rights: Provisions for international copyright protection and security interest
3. Revenue Sharing: Provisions for sharing revenue from copyrighted works during the security period
1. Schedule A - Copyright Registrations: List of all registered copyrights covered by the agreement
2. Schedule B - Pending Applications: List of pending copyright applications
3. Schedule C - Unregistered Works: List of unregistered copyrighted works covered by the agreement
4. Appendix 1 - Copyright Registration Certificates: Copies of registration certificates for covered works
Relevant legal definitions
Agreement
Applicable Law
Collateral
Copyright Office
Copyrighted Works
Default
Event of Default
Governmental Authority
Intellectual Property Rights
Lien
Loan Documents
Obligations
Permitted Liens
Proceeds
Registered Copyrights
Secured Obligations
Security Interest
UCC
Unregistered Copyrights
Work Product
Derivative Works
License Agreements
Copyright Applications
Registration Certificates
Royalties
Term
Territory
Applicable Law
Collateral
Copyright Office
Copyrighted Works
Default
Event of Default
Governmental Authority
Intellectual Property Rights
Lien
Loan Documents
Obligations
Permitted Liens
Proceeds
Registered Copyrights
Secured Obligations
Security Interest
UCC
Unregistered Copyrights
Work Product
Derivative Works
License Agreements
Copyright Applications
Registration Certificates
Royalties
Term
Territory
Clauses
Grant of Security Interest
Perfection and Priority
Representations and Warranties
Covenants
Default
Remedies
Further Assurances
Indemnification
Assignment
Notices
Governing Law
Jurisdiction
Registration and Filing
Maintenance of Collateral
Protection of Rights
License Rights
Royalty Rights
Term and Termination
Amendment and Waiver
Severability
Entire Agreement
Counterparts
Survival
Recordation
Fees and Expenses
Perfection and Priority
Representations and Warranties
Covenants
Default
Remedies
Further Assurances
Indemnification
Assignment
Notices
Governing Law
Jurisdiction
Registration and Filing
Maintenance of Collateral
Protection of Rights
License Rights
Royalty Rights
Term and Termination
Amendment and Waiver
Severability
Entire Agreement
Counterparts
Survival
Recordation
Fees and Expenses
Relevant Industries
Relevant Teams
Relevant Roles
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