In 1929, J. M. Barrie made a bequest to the Great Ormond Street Hospital for Sick Children of his most popular creation, ‘Peter Pan’. Chapter 5 explores the dynamic of gift-giving for the benefit of vulnerable children and how this translated into licensing practices. A Peter Pan movie, to be directed by George Cukor and starring Audrey Hepburn, was never made because of the bitter relationship that developed between the licensor, the Great Ormond Street Hospital, and its licensee, the Disney Corporation, which resulted in litigation in the 1960s. By looking at the misfortune of a film that was never made, the chapter shows how licensing intangible properties involved not only a question of contract and property, but also a more complicated question of trust, sociality and the etiquette of managing commercial opportunities. The chapter engages in a deeper consideration of the impact of the Disney Corporation, not just in creating a highly effective managerial infrastructure to exploit the child as a consumer, but also in developing intellectual property strategies to gain a privileged position with consumers, who were now conceived of as being included within the Disney family.