Answer:
A. S.1626 - Intellectual Property Bankruptcy Protection Act of 1987
B. This legislation specifically safeguards the rights of intellectual property licensors and outlines the treatment of this property in bankruptcy situations.
C. The introduction clarifies the law's intent and the scenarios under which it applies: "Amends Federal bankruptcy provisions to provide that if the trustee in bankruptcy rejects an executory contract under which the debtor is a licensor of a right to intellectual property, the licensee may elect to:[...]"
Furthermore, definitions for the intellectual property protected are given: "(1) trade secrets; (2) inventions, processes, designs, or plant varieties protected under patent law; (3) patent applications; (4) works of authorship protected under copyright law; or (6) mask works (components of semiconductor chips) covered by copyright laws."
D. The arrangement of the text clarifies the law's aim, followed by the distinct circumstances it covers. At the end, it defines Intellectual Property to clearly indicate what is protected.
E. The definitions provided in the closing paragraph delineate what the law covers as intellectual property in contexts of bankruptcy. When enumerating certain items, it also indicates what is excluded. Anything not encompassed by the six items listed cannot be regarded as intellectual property.
F. DeConcini, D. (1988, October 18). S.1626 - 100th Congress (1987-1988): Intellectual Property Bankruptcy Protection Act of 1987 [Webpage]. Retrieved October 9th 2019, from https://www.congress.gov/bill/100th-congress/senate-bill/1626
It is cited in accordance with APA 6th edition.
