Saks Global’s bankruptcy filing last month triggered a clause in its agreement with Authentic Brands Group, bumping Authentic’s interest in the luxury company’s intellectual property — or aspects of it.

When it comes to control of the IP, the bankruptcy court may have to step in to settle what could be competing interests or disruptions to the Chapter 11 process, according to Daniel Gielchinsky, founding partner of DGIM Law and a bankruptcy attorney who is not a party to the proceedings. The court may also need to sort out what is subject to the master licensing agreement, he said by phone.

“Ultimately, you’ll probably see a settlement, a resolution, because these are murky issues that take time to negotiate or for a court to resolve,” he said. “There’s a lot at stake.”