Intellectual property is now a critical corporate asset. Companies such as HP and IBM receive hundreds of millions of dollars from intellectual property licensing, and some companies, such as Rambus, have revenues solely from intellectual property licensing. Yet many basic issues regarding the effect of bankruptcy on intellectual property licenses remain unclear, such as the effect of Section 365(n) on foreign rights, the effect of bankruptcy on certain copyright licenses and the precedence of security interests over licenses. Join Mark Radcliffe and Karol Denniston as they cover the issues regarding the effect of bankruptcy on intellectual property licenses in this installment of the Celesq®-West IP Master Series.