Section 2: Registration and deregistration formalities.

Registration and cancellation of the preferential rights of registered creditors are subject to formalities, the terms of which are laid down by decree in the Conseil d’Etat.

In addition to the registration formalities mentioned in Article L. 143-16, sales or assignments of goodwill comprising trademarks or service marks, industrial designs or models, as well as pledges of goodwill comprising patents for invention or licences, trademarks or designs, must be registered with the National Institute of Industrial Property, on pain of unenforceability against third parties, of the sales, assignments or pledges insofar as they apply to patents for…

If the security from which the registered lien or pledge arises is to order, negotiation by way of endorsement entails the transfer of the lien or pledge.

The registration guarantees two years’ interest in the same rank as the principal.