Intellectual Property Bankruptcy Protection Act of 1987

Summary

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.

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Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 19 October 1988

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• Passed Senate amended

  summary · EN · 20 September 1988

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• Introduced in Senate

  summary · EN · 7 August 1987

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