The following IP guidance note provides comprehensive and up to date legal information covering:
This Assignment is made as a deed on [date].
[Assignor], a company incorporated in [England and Wales] with company number [number] and having its registered office at [address of Assignor] (the Assignor); and
[Security Agent], as agent and trustee for itself and each of the Secured Parties (as defined below) appointed pursuant to the terms and conditions set out in the Intercreditor Agreement (the Security Agent).
The Assignor and Security Agent desire that the Intellectual Property Rights be assigned by the Assignor to the Security Agent on the terms set out in this Assignment in accordance with the provisions of the Finance Documents (as defined herein).
The parties agree:
Save as otherwise provided in this Assignment, the following words and phrases have the following meanings throughout this Assignment:
has the meaning given to it in the [Intercreditor OR Facility] Agreement;]
means all the assets of the Assignor which from time to time are the subject of the Security [and the trusts created hereby];
means a rate of interest determined in accordance with clause [insert clause number] of the Facility Agreement;
[Event of Default
has the meaning
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