Timothy Walsh, Gregory Kopacz and Darren Azman wrote this bylined article on the legal uncertainties involved for intellectual property licensees and licensors when their license counterparties enter bankruptcy. “Many licensors and licensees depend to a significant degree on the use of intellectual property in their day-to-day operations, and thus parties should be aware of the troubled roads that lie ahead in the event of a bankruptcy filing, however unlikely,” the authors wrote, and they detailed the concerns of both sides in the bankruptcy process.
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