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The conflicts between bankruptcy law and IP licenses are inevitable because the U.S. Bankruptcy Code is focused on reducing obligations on the debtor's estate to maximize assets' value to reimburse creditors. An important power under �365 of the code is the right to reject "executory contracts," essentially terminating such agreements. This paper focuses on the impact of the specific definition of IP under �365(n) and a structure to minimize the impact on the licensee.
December 17, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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