A standard short-form intellectual property (IP) security agreement for use as an ancillary agreement to a principal security agreement in a syndicated secured loan transaction. This IP security agreement can be attached as an exhibit to the principal security agreement and separately executed and recorded with the US Patent and Trademark Office and US Copyright Office against scheduled US IP registrations and applications included in the collateral subject to the security interest. This Standard Document has integrated notes with important explanations and drafting tips.