Risk Prevention Related to the Bankruptcy of the Licensor in the Performance of a Patent Licensing Contract
In the fierce competition, it is not uncommon to find that some enterprises have gone bankrupt. However, when signing a patent licensing contract (“PLC”), the relevant parties would seldom be aware of the risk related to the bankruptcy of the counter party. In fact, if the licensor has gone bankrupt, whether the licensee can continue to use the related patent? If the patent has been implemented continuously, what are the risks? The answer is uncertain. “Contract Law” has not stipulated the specific provisions on dealing with bankruptcy. However, according to “Bankruptcy Law” Article 18, the administrator shall have the right…