Jason Rodriguez authors “Sometimes Your Collateral is Source Code, which is Actually Nothing” for Lenders 360

Jason Rodriguez authors a blog at lenders360blog.com. Read the post below.

We are well out of the .com bubble, but tech companies still form and fail. For the lenders brave enough to lend to the tech companies developing software, the collateral is often the source code which is the nuts and bolts of an application or “app”. While the source code is actually a written text written in some development code, it exists in the abstract and is thus an intangible in that sense. However, unlike most collateral intangibles, this type often requires the original developer to make the source code worth anything more than a line item on a security agreement…

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