U.S. Court of Appeals (7th Circuit) Upheld Retention of Trademark Licensee Rights
The U.S. Court of Appeals, Seventh Circuit, recently upheld the bankruptcy rejection of a trademark licensing agreement by the licensor did not terminate the rights of the licensee to use the trademark in accordance with the terms of the original agreement. Click here to view the opinion.
Below is an excerpt from an article featuring this case in the July 12 issue of The National Law Journal :
"...William Barrett of Barack Ferrazzano Kirschbaum & Nagelberg, said that a trademark licensee's right to use a trademark after a bankruptcy court's rejection was in doubt after Lubrizol, and this ruling affirms those rights. That's particularly important because the Seventh Circuit ruling is the first time a circuit court has dealt with the issue directly since Lubrizol, said Barrett, who chairs the bankruptcy and creditors' rights group at the firm."
For the full article, please click here.