The speaker stated that a “collateral” is that which is pledged as security to a lender as assurance for the\u00a0repayment\u00a0of a loan. She explained that the use of intellectual property as collateral for credit access is not a new concept but is largely under-utilised as it remains unusual especially in most African countries.\u00a0To demonstrate the relatively non-novel nature\u00a0of using IP\u00a0as collateral, she discussed a\u00a0famous instance where IP was utilised as collateral\u00a0;\u00a0that is,\u00a0the case of Thomas\u00a0Eddison\u00a0who utilised his IP right on light bulb as collateral for\u00a0a\u00a0loan\u00a0as capital for his business.\u00a0<\/p>\n\n\n\n
The speaker explained that IP collateral is divided into two; collateral on the IP right itself and collateral on the embodiment of the IP. <\/p>\n\n\n\n
She discussed the characteristics of a good IP collateral as follows:<\/p>\n\n\n\n
a. Registration with relevant authority under the extant laws of a country. <\/p>\n\n\n\n
b. The Scope of protection.<\/p>\n\n\n\n
c. Third party interests.<\/p>\n\n\n\n
d. Value.<\/p>\n\n\n\n
e. Marketability\u00a0<\/p>\n\n\n\n
She further explained the limitations in using IP as collateral such as the statutory exceptions to the exclusivity of IP rights. She concluded by proffering recommendations on law and policy reforms to encourage the use of IP as collateral in commercial transactions. <\/p>\n\n\n\n
Her presentation was followed with an interactive Q & A session and the PD session was concluded at 8:00 PM (GMT +1). <\/p>\n\n\n\n
Reporter.<\/p>\n\n\n\n
Victoria Onyeagbako.<\/p>\n\n\n\n
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<\/p>\n\n\n\n
DATE: 24 October 2020<\/strong><\/p>\n\n\n\n TIME: 7:00 PM (GMT +1)<\/strong><\/p>\n\n\n\n TOPIC: Using Intellectual Property as Collateral for Credit Access<\/strong><\/p>\n\n\n\n ANCHOR: Priscilla <\/strong>Mapinda<\/strong><\/p>\n\n\n\n PLATFORM: Zoom<\/strong><\/p>\n\n\n\n The speaker stated that a “collateral” is that which is pledged as security to a lender as assurance for the\u00a0repayment\u00a0of a loan. She explained that the use of intellectual property as collateral for credit access is not a new concept but is largely under-utilised as it remains unusual especially in most African countries.\u00a0To demonstrate the […]<\/p>\n","protected":false},"author":1,"featured_media":6772,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[280,786],"tags":[649,648,647,475],"class_list":["post-7231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-career-development","category-miplg-personal-development-series","tag-ipascollateral","tag-miplgpdseries","tag-pdseries","tag-personaldevelopment","pmpro-has-access"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/myiplawguide.com\/test\/wp-json\/wp\/v2\/posts\/7231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myiplawguide.com\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myiplawguide.com\/test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myiplawguide.com\/test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myiplawguide.com\/test\/wp-json\/wp\/v2\/comments?post=7231"}],"version-history":[{"count":0,"href":"https:\/\/myiplawguide.com\/test\/wp-json\/wp\/v2\/posts\/7231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myiplawguide.com\/test\/wp-json\/wp\/v2\/media\/6772"}],"wp:attachment":[{"href":"https:\/\/myiplawguide.com\/test\/wp-json\/wp\/v2\/media?parent=7231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myiplawguide.com\/test\/wp-json\/wp\/v2\/categories?post=7231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myiplawguide.com\/test\/wp-json\/wp\/v2\/tags?post=7231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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