What to do when your partner goes bust
This article was originally published in Scrip
Executive Summary
What would happen if your partner went bust? Is there anything you can do to mitigate the impact of such an eventuality? Tim Worden and Amanda Rowell of international law firm Taylor Wessing consider how a firm's insolvency can affect its licensees, what companies can do in the unfortunate event that a licensor becomes insolvent, and what precautions pharma firms should take when signing a licence deal.