Jack Nicklaus’ prior agreement for a now-bankrupt golf services company to use his name, image and likeness is no longer in place and can’t be transferred to a potential purchaser, the golf legend said.
Nicklaus Cos. doesn’t hold a consent agreement from its namesake provider and can’t assign an invalid contract to a new owner through a Chapter 11 sale, Nicklaus said in a Feb. 6 filing with the US Bankruptcy Court for the District of Delaware.
A New York state court ruled last year that Nicklaus granted the company a right to use his personal intellectual property in connection ...
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