Tag Archives: ABL

License Agreements as Collateral – Anti-Assignment Provisions and What to do About Them

In today's post we'll discuss a common issue that comes up in secured deals: anti-assignment restrictions on collateral. Let's start with a basic example: Our company is a licensee of a valuable software license that is integrated into its products that would not work without it. The licensor naturally wanted to control who held the license, so it prohibited any assignment of the license without the licensor's consent. Our company is borrowing money from a bank that wants to take a blanket security interest in all of the company's assets as a condition to the loan.… Continue Reading
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