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Email On May 20, 2019, the United States Supreme Court resolved one of the most important outstanding issues at the intersection of bankruptcy and intellectual property law, namely whether, under Section 365 of the Bankruptcy Code, a debtor-licensor’s rejection of a trademark license terminates rights of the licensee that would survive the licensor’s breach under applicable non-bankruptcy law. In an 8-1 decision in Mission Product Holdings, Inc. v. Tempnology, LLC, the Court held that rejection does not terminate the licensee’s rights because a “rejection breaches a contract but does not rescind it.” https://www.cadwalader.com/resources/clients-friends-memos/trademark-licensees-rights-survive-bankruptcy-rejection