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Assumption Of Software Licenses In Bankruptcy

Is a software license assumable by a licensee in the event the licensee seeks bankruptcy protection? <br/>A recent Fourth Circuit Court of Appeals ruling has demonstrated the critical importance of this question to software licensees. The risk of nonassumption may prove quite significant. This article discusses this risk and suggests a potential license provision addressing the risk.

14 minute read April 28, 2005 at 12:10 AM
By
J.t. Westermeier
Assumption Of Software Licenses In Bankruptcy

Is a software license assumable by a licensee in the event the licensee seeks bankruptcy protection?

A recent Fourth Circuit Court of Appeals ruling has demonstrated the critical importance of this question to software licensees.

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