What Every Tech Company Needs to Know About Assumption of Its Contracts in Bankruptcy
Technology companies can preserve both significant sums of money and valuable intellectual property rights if they take action when a customer or business partner files for bankruptcy protection, according to a report published on the Buchalter Nemer website.
Shawn Christianson, Valerie Bantner Peo and Ivo Keller wrote the article.
“Far less effort is usually required to preserve these rights than what may be involved in a major piece of litigation; but, in almost every case, the company must take timely steps to ensure that its interests are protected,” they write.
They discuss measures that technology companies can take, and the procedures they should be aware of, to protect their rights in this area of law.
