According to the laws of our country, Copyrights and property rights related to copyrights can be pledged. Especially when you need financial financing, you can obtain urgently needed liquidity by pledging your copyrights. So, what exactly is copyright pledge? What conditions need to be met for copyright pledge? Let’s take a look with the editor of Legal Savior Network!
What conditions need to be met for copyright pledge?
Copyright pledge refers to the debtor or a third party Pledge the property rights in the copyright in accordance with the law and use the property rights as a guarantee for the creditor's rights. When the debtor fails to perform its debts, the creditor has the right to receive priority payment by discounting the property right or using the proceeds from the auction or sale of the property right in accordance with the law. The creditor is the pledgee, and the debtor or a third party is the pledger.
According to the relevant provisions of the "Civil Code" and the "Contract Registration Measures", the following provisions should be met:
