How To Protect Your Company When A Licensor, Manufacturer Or Retailer Goes Bankrupt

Panel Discussion Now Available As MP3

Examples sadly abound: Steve & Barry's, Goody's, KB Toys, Sharper Image, Lenox Group, Waterford/Wedgwood, Mervynís. Unfortunately, given the economy and the credit market, more bankruptcies are likely in the next several months.

Purchase the MP3 of this one-hour audio conference and be prepared to:

• respond if a supplier, retailer, or property owner you do business with files for bankruptcy
• protect your company from future losses when negotiating new agreements
• preserve the integrity of your own business even as your customers, suppliers or partners go bankrupt

The key issues covered include:

1. The implications for creditors of Chapter 7 vs. Chapter 11 bankruptcy filings.
2. What happens to existing licensees if the licensor goes bankrupt?
3. Where does the licensee stand if a retailer goes bankrupt? What recourse do manufacturers have to recover their money or merchandise?
4. What are the options for a licensor if one of its licensed manufacturers goes bankrupt?
5. What happens to licensed merchandise if a liquidator enters the picture? Is a licensor still protected for how merchandise based on its properties is distributed?
6. How does an agent recoup on the investment it makes in securing licenses for a client when the client goes bankrupt?
7. What language can each party include in its licensing agreements to realistically maximize protection?

More than 35 minutes of this 75-minute discussion consists of responses to questions from participants in the live audio conference.

Order the MP3 file of the audio conference, including the Q&A session.

Panelists

Ivan Kallick, Esq., Partner — Bankruptcy & Financial Restructuring, Manatt, Phelps & Phillips

Linda Morgenstern, EVP, Nancy Bailey & Associates and previously of Sunbeam

Stephen Reily, Esq., Founder, IMC Licensing

Moderator: Ira Mayer, Publisher, The Licensing Letter