IP License Agreements: Change of Corporate Control and Bankruptcy Issues

Summary

This practice note discusses IP license agreements, particularly change of corporate control and bankruptcy issues. Parties to an agreement cannot always predict how their business will develop and change over time, but they can count on the fact that they will change. Mergers and acquisitions raise a host of licensing issues, many of which surface time and again. Parties can plan and intelligently address how the license rights are to be treated in the event of future mergers and acquisitions transactions.