Danielle Corn Mayer Brown

December 08, 2021 | Legaltech News

Section 365(n) is a carve-out to the debtor's broad Bankruptcy Code power that allows a non-debtor counterparty the right to either accept the rejection of a contract/license or continue performing under the contract. Here's how licensees can use Section 365(n) to minimize the loss of the use of their intellectual property licenses in the event a licensor files for bankruptcy.

By Richard Assmus, Matthew Wargin, Monique Mulcare and Danielle Corn, Mayer Brown

8 minute read