1. Introduction
With the commencement of the Personal Properties and Securities
Register ("PPSR") from 30 January 2012,
some care needs to be taken in relation to whether or not security
interests can be granted over personal property. This is
particularly the case for intellectual property, where a number of
different security interests may potentially be granted over the
same intellectual property.
2. General
The PPSA applies to personal property. Both intellectual
property ("IP") and IP licences are
specifically included as a type of personal property.
As an IP licence is personal property, it can be used as
collateral, so a security interest can be granted over it. The most
likely security interest will be a general security agreement, such
as a security interest over all present and after-acquired property
(previously a fixed and floating charge).
