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IP Licenses and Bankruptcy

By Richard P.W. Stobbe

What happens when a licensor becomes insolvent? When Body Blue Inc., a Canadian consumer products company, stumbled financially, a receiver was appointed in Canada under the Bankruptcy and Insolvency Act.  In its attempt to restructure the company and satisfy creditors, the receiver sold the company?s assets in May, 2006 for $7 million to a competitor consumer products [...]

Full post as published by Intellectual Property in Canada (ipblog.ca) on March 30, 2009 (boomark / email).