A trademark may be encumbered with a pledge, by virtue of a pledge agreement between the trademark holder and the creditor. The trademark holder may pledge its trademark as security for its own or another person's debt. The pledge agreement must be produced in writing. The pledge must be registered in the Trademark Register pursuant to the Trademark Ordinance upon request of the trademark holder or creditor. The Act on Pledge as an Instrument of Securing Claims applies to the pledging of trademarks.
