Registration does not guarantee that the receiver of a licensor does not object to the performance of obligations under a licence agreement or that it revokes a licence agreement under applicable bankruptcy law. However, assuming that the administrator does not reject the licensing obligations or revoke the license agreement, registration is advantageous if the granted patents are transferred to a third-party buyer in the context of the licensor`s bankruptcy. In other words, if the license is registered, the buyer cannot purchase the patents without a license. In principle, trade agreements on intellectual property should not be registered. . . .