Intellectual Property Security Agreement
Category: 270 Legal Recent Posts, Intellectual Property, Security
INTELLECTUAL PROPERTY SECURITY AGREEMENT
Intellectual Property Security Agreement (this “Agreement” dated as of December 24, 2007, by and among Paradigm Medical Industries, Inc., a Delaware corporation (the “Company”), and the secured parties signatory hereto and their respective endorsees, transferees and assigns (collectively, the “Secured Party”).
***
“Software Intellectual Property” shall mean:
(a) all software programs (including all source code, object code and all related applications and data files), whether now owned, upgraded, enhanced, licensed or leased or hereafter acquired by the Company, above;
(b) all computers and electronic data processing hardware and firmware associated therewith;
(c) all documentation (including flow charts, logic diagrams, manuals, guides and specifications) with respect to such software, hardware and firmware described in the preceding clauses (a) and (b); and
(d) all rights with respect to all of the foregoing, including, without limitation, any and all upgrades, modifications, copyrights, licenses, options, warranties, service contracts, program services, test rights, maintenance rights, support rights, improvement rights, renewal rights and indemnifications and substitutions, replacements, additions, or model conversions of any of the foregoing.
===
Click here for the complete Intellectual Property Security Agreement