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- W2277108885 abstract "A patent licensee that declares bankruptcy will often want to assign its rights under the license to another party in exchange for cash. The Bankruptcy Code generally allows a debtor to assign an executory contract, including a patent license, even if it contains a provision expressly forbidding assignment (a no-assign provision). But there is an exception: The Code will defer to certain kinds of otherwise applicable non-bankruptcy law that would normally prevent the contract from being assigned. Two bodies of non-bankruptcy law speak to the assignment of patent licenses. State contract law generally permits assignment unless the license says otherwise, while a longstanding rule of federal common law bars assignment unless the license says otherwise. As it turns out, the federal common-law rule is the type of non-bankruptcy © 2004 Matt Siegel. All Rights Reserved. Associate at Debevoise & Plimpton LLP. The ideas expressed in this Article are the author's, and do not represent the views of Debevoise & Plimpton. The initial drafts of this Article were written when I was enrolled in the Innovation Policy Colloquium at the New York University School of Law. I would like to thank Professors Rochelle Dreyfuss and Harry First, who taught the colloquium that year, and the Engelberg Center on Innovation Law and Policy, which sponsors the colloquium. I would also like to extend special thanks to Professor Barry Adler of NYU and John DiPaolo, Executive Director for Partnership Schools at Temple University, both of whom gave me thoughtful advice on various drafts of the Article. I am grateful to Susan Hansen, a freelance journalist and friend, for helping me simplify and clarify the setup of the legal problem, and to the bankruptcy group at Debevoise & Plimpton, which has introduced me to the practice of bankruptcy law at an unusually high level of intellectual rigor." @default.
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- W2277108885 date "2005-01-01" @default.
- W2277108885 modified "2023-09-27" @default.
- W2277108885 title "Why the Ninth Circuit Decided Everex as if Every Patent Licensee in America Were Destined for Bankruptcy" @default.
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