Northen v. MDC Innovations, LLC (Case No. 13-10661, AP No. 14-02005)

Printer-friendly versionPrinter-friendly version

Court first determined the ownership interests of the parties in certain companies, after an analysis of several agreements between the parties and the Trustee's request to avoid and recover certain transfers under sections 548, 549, and 550.  Court then determined that certain intellectual property constituted an asset of the companies, in light of precendent distinguishing a patent assignment from an agreement to assign a patent.  While the former must be in writing, the later may be oral.  Ultimately, Court ordered assignment of the patents to the companies, as an agreement to assign a patent constitutes the proper subject of an action for specific performance.

File: 
Date: 
Wednesday, May 25, 2016
Published: 
No
Index Heading: 
Property of the Estate
Affirmed: