Leib Lerner was a featured speaker during the session "Maximizing the Value of IP in Bankruptcy" at this program hosted by San Francisco Bay Area’s Chapter of the Association of Corporate Counsel (ACC-SFBA) .
Intellectual property (IP) licensors and licensees have a number of options to protect their property and enforce their rights when a contractual counterparty files for bankruptcy. The Bankruptcy Code can sometimes work to the non-debtor’s advantage, enabling it to shed a bad agreement, get paid on past due license fees if the agreement is assumed, and even collect attorney’s fees for its trouble. Savvy investors can utilize the bankruptcy process to acquire IP free and clear of other liens or interests.
This presentation demonstrated how innovation can be promoted by addressing ways in which IP rights can be protected in Chapter 11. The discussion included the following scenarios:
- Company as Licensor
- Company as Licensee
- Company as Potential Buyer
June 4, 2015
SFO Hyatt Regency / Burlingame, CA