The U.S. Court of Appeals for the Third Circuit recently affirmed its expansive definition of what constitutes an intellectual property license in In re Spansion. The Third Circuit clarified that a license need not be expressly labeled as such or formally grant intellectual property rights, but instead is a mere waiver by the holder of intellectual property of its right to sue.
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Bankruptcy Update
Third Circuit Broadly Defines IP Licenses Entitled to Bankruptcy Code Protection
The Legal Intelligencer
February 11, 2013
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