This is an agreement which help secure performance of holder’s certain obligations, e.g. repayment of loan or credit.
The pledge agreement must specify the subject of pledge (trademark, patent), the amount of term of performance the obligation secured by the pledge.
If the debtor (the pledger) fails to perform the obligation secured by the pledge, then the creditor (the pledge holder) is entitled to satisfy their claim from the value of the pledged property.
Then the pledged property is distrained and sold from an auction, and the obligation is repaid with monies received from the sale of the property.
Agreement Registration with Rospatent
If a pledge agreement was not registered, then the pledge holder will have no right to distrain the pledged trademarks or patents.
Correct preparation and registration of a pledge agreement is not a complicated procedure for an expert having relevant experience in intellectual property protection.
Trademark attorneys and lawyers of Zuykov and Partners having the required experience in preparation of franchise agreements will be happy to help you in solving this and many other issues, will give you detailed advice and do all required actions related to the transfer of rights to intellectual property objects.
Price of Pledge Agreement