UK lenders, use this template to prepare an
Agreement to Assign Trade Mark for a borrower to assign a trade mark as security under a loan agreement.
- The borrower will be granted an exclusive royalty-free licence to continue to use the trade mark in the conduct of its business.
- The borrower agrees to protect the trade mark and to take appropriate action as required by the lender in the event of infringement.
- All legal fees and costs associated with infringement proceedings will be paid by the borrower.
- The borrower will indemnify the lender against all actions, claims, costs and damages.
- The assignee agrees not to grant any licence to third parties with respect to the trade mark, or to sell, lease, assign or encumber the trade mark without the borrower's consent.
This
UK Agreement to Assign Trade Mark as Security is in MS Word format, and is fully editable to fit your specific circumstances.
