The Indian economy, like those of many other developing nations, is increasingly driven by intangibles, with many companies listing intellectual property as their key asset. The financial sector has innovated over the years by advancing loans with IP as their sole or partial security. The lender and the borrower have to go through many pre- and post-transactional exercises, including due diligence, recording of security agreements, maintenance of IP and the measures to be taken should there be a default on the money advanced.