S. 1626 · 100th Congress · enacted
Intellectual Property Bankruptcy Protection Act of 1987
Became Public Law No: 100-506.
Latest official action 1988-10-18 · Enacted
The bill, briefly
Intellectual Property Bankruptcy Protection Act of 1987 - Amends Federal bankruptcy provisions to provide that, until and unless a trustee assumes an executory contract or unexpired lease under which the debtor has granted rights in intellectual property, the trustee may not interfere with the grantee's rights: (1) to deal with the intellectual property, as provided in the contract or lease; (2) to gain access to or possession of any information or property in existence which the contract or lease provided would be made available to the grantee; and (3) in the case of a trademark, trade name, service mark, or similar intellectual property, to permit existing grantees to continue the quality assurance procedures of the licensor. Requires that, in cases where the debtor is the grantee under the executory contract or unexpired lease, the trustee, the debtor, and the grantor maintain the confidentiality of any protected information obtained pursuant to the contract or lease to the extent required by applicable nonbankruptcy law.
Congressional Research Service · 1987-08-07
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Amount spent specifically on this bill: not disclosed
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Politicians behind the bill
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What happened after enactment?
Dated agency-reported implementation and uptake measures are shown with their scope. They do not by themselves establish causal success. If no evidence is listed, the outcome is not established.