Security Liens

• Author: Randi Karpinia
• Pages: 665-679

665

I. Abstract

As intellectual property rights have become increasingly valuable

assets for many companies, it has become common for commercial

lenders to secure obligations of borrowers using as collateral not

only their tangible assets but also their intangible intellectual

property assets. In other words, the intellectual property owner

will pledge its patents, trademarks, and copyrights as collateral

for funding to facilitate a commercial transaction. A security inter-

est is not a present ownership interest; however, it is an interest

superior to subsequent assignment and security interests. The

intellectual property owner can still assign its rights, but until

a formal release is executed, any subsequent purchaser takes

Chapter

Security Liens

By Randi Karpinia*

17

* This book was the brainchild of the phenomenal Lacy Kolo whose vision, dedica-

tion, and encouragement provided the foundation for each of us to contribute. Thank

you Lacy! As Helen Keller so perfectly said, “Alone we can do so little; together we can

do so much.” To all my fellow authors I say thank you for the privilege to be a part of

this amazing yet practical, real-world book. Most important, nobody has been more

essential to me in the pursuit of this book, my career, and my life than the members of

my family. I would like to thank my husband, best friend, and all around cheerleader,

David, along with all of my family—without your support, I could never “be all that I

can be.”