This practice note discusses the issues regarding the treatment of intellectual property (IP) in bankruptcies, including the legal effect of ipso facto clauses, trustee's rights in patented articles, copyright and manuscripts, as well as the assignment of copyright and manuscripts. The treatment of IP in the context of CCAA reorganizations, BIA reorganizations, or receiverships is not discussed since, in some key respects, the treatment of IP in those contexts differs from the treatment in bankruptcies. Published by Lexis Practice Advisor Canada – Insolvency.
For informational purposes only
This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors.