IN RE PRIZE FRIZE, INC.

BAP No. CC-92-1328-PVO, Bankruptcy No. LA91-67651-KM.

150 B.R. 456 (1993)

In re PRIZE FRIZE, INC., Debtor. ENCINO BUSINESS MANAGEMENT, INC., Appellant, v. PRIZE FRIZE, INC. and U.S. Trustee, Appellees.

United States Bankruptcy Appellate Panel, Ninth Circuit.

Decided February 11, 1993.


Attorney(s) appearing for the Case

Michael S. Goergen, Encino, CA, for Encino Business Management, Inc.

Steven L. Crane, Los Angeles, CA, for Prize Frize, Inc.

Before PERRIS, VOLINN and OLLASON, Bankruptcy Judges.


OPINION

PERRIS, Bankruptcy Judge:

The bankruptcy court granted the debtor's motion to reject its license agreement with appellant Encino Business Management, Inc. ("Encino) and in its order stated Encino may retain its rights under 11 U.S.C. § 365(n)(1)(B)1 if it pays presently due and future license fees and waives any rights of setoff with respect to the contract. Encino filed this timely appeal, objecting to the requirement...

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