U.S. Supreme Court Protects Trademark Licensees: Tempnology decision eliminates bankrupt entities' power to rescind most executory contracts.

Autor: SINGER, GEORGE H., BROWN, AARON E.
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Zdroj: Bench & Bar of Minnesota; Jul2019, Vol. 76 Issue 6, p30-33, 4p
Abstrakt: The article offers information on the decision of U.S. Supreme Court in the case Mission Product Holdings Inc. v Tempnology LLC. Topics discussed include rejection of an executory contract by concluding that rejection in bankruptcy cases breaches the agreement but does not rescind the entire contract; Tempnology could reject and rescind the agreement, which terminated Mission's rights to use the Coolcore trademarks; and effects and consequences of rejection under Section 365.
Databáze: Complementary Index