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1. Parties: Identifies the grantor (patent owner) and secured party (lender/security holder)
2. Background/Recitals: Explains the context of the security agreement and underlying obligation
3. Definitions: Defines key terms including Patent Rights, Collateral, Secured Obligations
4. Grant of Security Interest: Core provision granting security interest in the patent rights
5. Representations and Warranties: Grantor's declarations regarding ownership and status of patents
6. Covenants: Ongoing obligations regarding maintenance and protection of patents
7. Default Provisions: Defines events of default and consequences
8. Remedies: Rights and actions available to secured party upon default
1. Patent License Rights: Additional provisions addressing existing license agreements and their treatment under the security agreement
2. Foreign Patents: Specific provisions dealing with non-US patents and related security interest requirements
3. Release Provisions: Detailed terms and conditions for releasing the security interest in whole or in part
1. Schedule A - Patent Schedule: Detailed list of all patents and patent applications covered by the security agreement
2. Schedule B - Existing Licenses: Comprehensive list of current license agreements affecting the patents
3. Schedule C - Jurisdictions: List of countries where patents are registered and security interests need to be recorded
4. Exhibit A - Form of Patent Security Interest Release: Template document for releasing security interest when obligations are satisfied
Affiliate
Business Day
Collateral
Default
Event of Default
Governmental Authority
Grantor
Intellectual Property Rights
Lender
License Agreements
Lien
Patent Rights
Patent Security Interest
Patents
Patent Applications
Patent Office
Permitted Liens
Person
Proceeds
Required Filings
Secured Obligations
Secured Party
Security Interest
Subsidiary
Term
Territory
Transaction Documents
UCC
Representations and Warranties
Covenants
Default
Remedies
Patent Maintenance
Patent Protection
Enforcement Rights
Licensing Rights
Assignment
Further Assurances
Perfection
Recording
Notice
Indemnification
Termination
Release
Governing Law
Jurisdiction
Severability
Amendment
Waiver
Entire Agreement
Counterparts
Survival
Force Majeure
Confidentiality
Expenses
Notices
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