Faye B. Feinstein quoted in article "When licensees go belly up: Here’s what TTOs need to know"
Below is an excerpt:
“We are strongly advising you to exercise your rights and remedies,” Feinstein noted. “It’s easier to terminate and substitute [the existing agreement] with something short-term.” In addition to renegotiating, short of termination it’s important to establish a specific cure period for a licensee in breach, but once that period ends, strongly consider termination before it’s too late, she adds. If you wait one day too long, “you’re stuck in bankruptcy.” But if you do terminate in time, “you tip the balance of power in your favor,” Feinstein said.
Originally published in Technology Transfer Tactics, April 2015