As the name suggests collateral assignment of trademark agreement is a sort of legal loan agreement between the lender which may be a bank, a financing institution or an individual and the borrower on the basis of a security asset known as collateral.
In general collateral based loans, the lender gives loan to the borrower on the basis of a security or collateral, but in case of collateral assignment of trademarks agreement, the trademark of the borrower’s organization acts as collateral. Generally in the collateral assignment of trademarks agreement, the trademarks, the registrations of trademarks in any country or locality, all the trade names, the renewals & extensions of trademarks, the continuation of future trademarks, any of these or all can be kept as security or collateral with the lender till the time the loan amount is fully repaid along with the applied interest.
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