To Members of the Model Intellectual Property Security Agreement Task Force (and the Intellectual Property Financing Subcommittee)
This is a reminder that the next regularly scheduled MIPSA Task Force conference call is next Wednesday:
•Date: Wednesday, November 18, 2015
•Time: 4:00 pm Eastern/3:00pm Central/2:00pm Mountain/1:00pm Pacific
•Toll Free Dial-in: 866.646.6488
•International Dial-in: +1.707.287.9583
•Conference Passcode: 9101063640
Please try to call in if you can, since this should be the FINAL monthly conference call meeting. (It should also be a short meeting!)
I am pleased to announce that the Task Force's work product is finally complete. It is tentatively scheduled for publication in The Business Lawyer (in summer or fall 2016). While there may be minor changes in the nature of citation corrections and format adjustments for publication, the attached documents are essentially in final form:
• Task Force Introductory Report and Background Considerations
• Model Intellectual Property Security Agreement (including Exhibits 1, 2 and 3)
Also attached is a redlined copy of each, showing the changes from the draft distributed for the October conference call meeting. at the Annual Meeting. (The redlined model agreement shows the Exhibits as new, but they have not been changed.)
Most of the changes are in Section 4.6 of the Report, dealing with interactions between security interests in, and licenses of, copyrights, patents and trademarks. Howard and Elaine and I have revised, negotiated and re-revised this section, and we believe it accurately describes the relevant issues. If you strongly object to the substance of this section, let me know; otherwise we consider this final, hard-fought section to be complete. In both documents, we made corrections to cross-references and typos. Again, we are pretty sure we caught them all, but if you see errors let me know.
As we wrap this project up just in time for Thanksgiving, I want to thank all of you(especially Howard and Elaine!) again for participating. I have appreciated your thoughts, comments, corrections, suggestions, and patient explanations, as well as your generosity in sharing your time and expertise with the Task Force over the last few years. Despite my occasional lapses into impatience (and sometimes despair), it has really been a pleasure to work with you all!
Happy Thanksgiving to everyone. Please let me know if you have any [final] questions or comments. Thanks.
Kathi Allen, Co-Chair