POSNER, Circuit Judge.
This appeal (actually there are multiple appeals, but only one needs to be discussed—the others are academic in light of our decision) presents two questions about the assignability of trademark licenses, in the context of a bankruptcy proceeding. The first is whether a trademark license is assignable (that is, salable) without the licensor's permission, in the absence of a clause in the agreement stating that it is assignable. The second...
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