Supreme Court Rules Rejection of Trademark License Does Not Rescind Rights of Licensee

Mission Product Holdings, Inc. v. Tempnology, LLC The question is whether a debtor's rejection of its agreement granting a license "terminates rights of the licensee that would survive the licensor's breach under applicable nonbankruptcy law."

18 minute read August 01, 2019 at 12:07 AM
By
Mark Page
Supreme Court Rules Rejection of Trademark License Does Not Rescind Rights of Licensee

In Mission Product Holdings, Inc. v. Tempnology, LLC, 139 S. Ct. 1652 (2019), the Supreme Court undertakes to resolve a circuit split between the First and Seventh Circuits over the effect of rejection in bankruptcy of a trademark license under section 365 of the Bankruptcy Code.

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