At the very top of the PDF, it says this is a patent security agreement, which is a common way to use patents as collateral for a loan. JP Morgan will only own

At the very top of the PDF, it says this is a patent security agreement, which is a common way to use patents as collateral for a loan. JP Morgan will only own the patents if Magic Leap defaults on the loan. You can read more about patent security agreements here: https://www.ipwatchdog.com/2012/06/21/getting-a-loan-with-your-patents/id=25716/ https://www.ipwatchdog.com/2012/06/21/getting-a-loan-with-yo...