This is an agreement which help secure performance of a holder’s 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 pledgor) fails to perform the obligation secured by the pledge, then the creditor (the pledgee) is entitled to satisfy their claim from the value of the pledged property.
Then the pledged property is seized and sold at an auction, and the obligation is repaid with monies received from the sale of the property.
If a pledge agreement is not registered, then the pledgee will have no right to seize the pledged trademarks or patents.
We are experts in the field and would be happy to assist you with the correct preparation and registration of a pledge agreement.
Generally speaking, we would be delighted to help you in solving this and many other issues and provide you with detailed advice and take all required actions related to the transfer of rights to intellectual property rights.
If a person intends to meet an obligation to another party to the agreement, then this can be confirmed by the signing of a pledge agreement. The subject of such an agreement will be the rights on the intellectual property of the person. The second party will receive confirmation of the seriousness of intentions, and in case of default, will satisfy the claims from the pledged property. To ensure validity, the contract is registered with Rospatent, just like intellectual property. Subsequently, the note of registration will allow you to prove the legitimacy of the signed agreement.