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How long does it take to pledge loans for software works and products?
There is no legal provision for the duration of the pledge loan for software works. However, according to the law, the term of the pledged loan can be determined by the mortgagor and the mortgagor through consultation. According to the relevant laws and regulations, when establishing a mortgage, the parties shall conclude a mortgage contract in writing. The mortgage contract shall specify the specific types, amount and performance period of the creditor's rights.

legal ground

Article 400th of the Civil Code of People's Republic of China (PRC).

To establish a mortgage, the parties shall conclude a mortgage contract in writing.

A mortgage contract generally includes the following clauses:

(1) The type and amount of secured creditor's rights;

(2) The time limit for the debtor to perform the debt;

(3) The name and quantity of the mortgaged property;

(4) the scope of the guarantee.

Article 40 1

The mortgagee and the mortgagor agreed that if the debtor fails to perform the due debt before the maturity of the debt, if the collateral belongs to the creditor, it can only be paid in priority according to law.