68.2 Clause to prevent charge over payments or assetsBoilerplate language on charging is generally designed to prohibit a party from executing a charge in favour of a third party, for example, a charge over payments due under the contract, or a charge over any assets that are the subject of the contract, for example in a patent licence agreement, the licensed patents.A typical boilerplate clause prohibiting charging, for example in a patent licence agreement, might read:‘Neither Party shall assign, mortgage, charge, pledge, grant any lien or security interest over, or otherwise transfer or incumber, without the prior
Boilerplate language on charging is generally designed to prohibit a party from executing a charge in favour of a third party, for example, a charge over payments due under the contract, or a charge over any assets that are the subject of the contract, for example in a patent licence agreement, the licensed patents.
A typical boilerplate clause prohibiting charging, for example in a patent licence agreement, might read:
‘Neither Party shall assign, mortgage, charge, pledge, grant any lien or security interest over, or otherwise transfer or incumber, without the prior
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