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1. Parties: Identifies the grantor (patent owner) and secured party (lender/security holder)
2. Background/Recitals: Explains the context of the security agreement and underlying obligation
3. Definitions: Defines key terms including Patent Rights, Collateral, Secured Obligations
4. Grant of Security Interest: Core provision granting security interest in the patent rights
5. Representations and Warranties: Grantor's declarations regarding ownership and status of patents
6. Covenants: Ongoing obligations regarding maintenance and protection of patents
7. Default Provisions: Defines events of default and consequences
8. Remedies: Rights and actions available to secured party upon default
1. Patent License Rights: Additional provisions addressing existing license agreements and their treatment under the security agreement
2. Foreign Patents: Specific provisions dealing with non-US patents and related security interest requirements
3. Release Provisions: Detailed terms and conditions for releasing the security interest in whole or in part
1. Schedule A - Patent Schedule: Detailed list of all patents and patent applications covered by the security agreement
2. Schedule B - Existing Licenses: Comprehensive list of current license agreements affecting the patents
3. Schedule C - Jurisdictions: List of countries where patents are registered and security interests need to be recorded
4. Exhibit A - Form of Patent Security Interest Release: Template document for releasing security interest when obligations are satisfied
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