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Trademark Security Agreement

Trademark Security Agreement Template for Canada

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Key Requirements PROMPT example:

Trademark Security Agreement

"I need a Trademark Security Agreement for a Canadian software company granting security interest in its trademark portfolio to secure a $5M credit facility from First National Bank, with the agreement to be effective from March 1, 2025, including provisions for international trademark registrations in the US and EU."

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Document background
The Trademark Security Agreement is a crucial document used in secured financing transactions where trademarks serve as collateral. It is particularly relevant in Canada where trademark rights are federally regulated while security interests are governed by provincial law. This agreement is typically used when companies seek to leverage their intellectual property assets for financing, requiring careful consideration of both intellectual property and secured transactions law. The document must comply with the Canadian Trademarks Act, relevant provincial Personal Property Security Acts, and related regulations. It includes specific provisions for trademark maintenance, quality control, and enforcement rights, while establishing the secured party's interest in the trademark collateral. The agreement becomes especially important in industries with valuable brand portfolios and is often part of larger financing arrangements.
Suggested Sections

1. Parties: Identification of the Grantor (trademark owner) and Secured Party, including full legal names and addresses

2. Background: Context of the security agreement, including reference to any underlying loan or credit agreement

3. Definitions: Key terms including 'Collateral', 'Secured Obligations', 'Event of Default', 'Trademark Rights', and other relevant defined terms

4. Grant of Security Interest: Express language creating the security interest in the trademarks and related rights

5. Secured Obligations: Description of the obligations secured by the agreement, including principal amounts, interest, and other obligations

6. Representations and Warranties: Grantor's statements regarding ownership, validity, and status of the trademarks

7. Covenants: Grantor's ongoing obligations regarding maintenance, defense, and use of the trademarks

8. Further Assurances: Grantor's obligation to execute additional documents and assist in perfecting the security interest

9. Events of Default: Circumstances constituting default under the agreement

10. Remedies: Secured Party's rights and remedies upon default

11. General Provisions: Standard provisions including notices, governing law, amendments, and severability

Optional Sections

1. Quality Control: Required when the trademark is licensed back to the Grantor, establishing quality standards for trademark use

2. International Rights: Used when the security interest covers trademark rights in multiple jurisdictions

3. Release Provisions: Included when there are specific conditions for releasing the security interest

4. Subordination: Required when there are multiple secured parties with different priority rights

5. License Rights: Added when the collateral includes trademark licenses or when licensing rights are specifically addressed

6. Special Industry Provisions: Industry-specific requirements for particular types of trademark uses or regulated industries

Suggested Schedules

1. Schedule A - Trademark Collateral: Detailed list of all trademark registrations and applications, including registration numbers, jurisdictions, and goods/services covered

2. Schedule B - Trademark Licenses: List of all trademark licenses granted by or to the Grantor that are included in the collateral

3. Schedule C - Existing Security Interests: Description of any pre-existing security interests or liens affecting the trademark collateral

4. Schedule D - Trademark Applications: Details of pending trademark applications included in the collateral

5. Schedule E - Required Filings: List of jurisdictions and offices where security interest filings must be made

6. Appendix 1 - Form of Notice: Standard form for recording the security interest with trademark offices

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses




























Relevant Industries

Retail and Consumer Goods

Technology and Software

Fashion and Luxury Goods

Food and Beverage

Pharmaceuticals

Entertainment and Media

Manufacturing

Financial Services

Hospitality and Tourism

E-commerce

Professional Services

Consumer Products

Relevant Teams

Legal

Intellectual Property

Finance

Treasury

Risk Management

Compliance

Corporate Development

Brand Management

Commercial Operations

Relevant Roles

Intellectual Property Counsel

Corporate Counsel

Chief Legal Officer

Chief Financial Officer

Trademark Attorney

Finance Director

Commercial Director

Brand Protection Manager

Intellectual Property Manager

Security Documentation Specialist

Corporate Finance Manager

Risk Manager

Compliance Officer

Business Development Director

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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