Credit: Vitalii Vodolazskyi/Shutterstock.com Protecting Against Licensor Bankruptcy in Service and License Agreements: Utilizing Section 365(n)
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.
December 08, 2021 at 07:00 AM
8 minute read
Bankruptcy
This article is part two of a four-part series by Mayer Brown on the latest trends in digital transformation. Read part one here.
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