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Bankruptcy Internet Law Technology Media and Telecom

Application of Bankruptcy Law to Internet Assets

Internet assets generally, and Internet asset licenses in particular, are increasingly subject to bankruptcy proceedings.

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Internet assets generally, and Internet asset licenses in particular, are increasingly subject to bankruptcy proceedings. United States Bankruptcy Law, Title 11 U.S.C. §363(f), allows a debtor licensor to sell Internet property “free and clear” of any license under certain conditions. Typically, three types of licenses must be addressed by a debtor licensee when seeking to sell Internet assets in a Chapter 11 or Chapter 7 bankruptcy: a non-exclusive license; a sub-license; and an exclusive license (discussed further below).

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