Good News: Trademark Use after Licensor's Bankruptcy

http://franchiselaw.foxrothschild.com/2012/12/articles/legal-decisions/good-n...

Good News: Trademark Use after Licensor?s Bankruptcy

Posted on December 31, 2012 by John Gotaskie

Contributed by Michael Viscount and Brian Isen.

What is the impact of a bankruptcy filing on the ability of a franchisee to continue utilizing the trademarks of the franchisor???

?Title 11 of the United States Code, better known as the ?Bankruptcy Code?, allows companies to not only restructure their debts, but to modify current contractual obligations by rejecting contracts.? Debtors have the ability to reject contracts when there are continuing contractual obligations for both parties.? It follows that a bankrupt franchisor could potentially reject a franchise?.?

Source: http://www.pmflegal.com/blog/index.php/2013/01/08/good-news-trademark-use-after-licensors-bankruptcy/

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