Eric E. Bensen on the Seventh Circuit's Holding that a Nondebtor Trademark Licensee can Retain its License After Rejection of the License Agreement in Bankruptcy

Sunbeam Products Inc. v. Chicago American Mfg. ("Sunbeam") upends a long-held, although occasionally challenged, understanding that unlike other nondebtor intellectual property licensees, which receive express safeguards against termination of their licenses in bankruptcy under 35 U.S.C. §...