The ContractsClause is a key navigational star in the US Constitution. It is subject to eclipse by the BankruptcyClause. #CityofStockton2012

The #Constitution 's #BankruptcyClause , the #FifthAmendment , and the Limited Rights of #SecuredCreditors in Bankruptcy ln.is/materials.abi.…

. More Imperfect Union I have, his is what's wrong withAmerica, readConstitution,I have!Clue > #BankruptcyClause

@samtmart2nd1780 ❌carold501❌

#Indie #Filmmakers : This should go without saying, but as a Technical Writer who often has to proof-read contracts, be aware that when signing a #FilmDistribution Deal, you need to make sure it contains a #NonPaymentClause and a #BankruptcyClause .

You should also insist on a #BankruptcyClause , which ensures that if the #FilmDistribution company itself files for bankruptcy, your film rights automatically revert back to you, even if they sell their “Assets” or “Liabilities” to another company in a restructuring agreement.