As the piecemeal auction of THQ’s assets continues to go ahead, South Park Studios, the owners of the South Park brand, are arguing that THQ don’t have the rights to sell their Stick of Truth RPG to anybody else and that, if push comes to shove, they’ll take it back for themselves.

“Under section 365(c)(1) of the Bankruptcy Code,” reads the filing spotted by NeoGAF, “the Debtors cannot assume or assign the Deal Memo without Licensor’s consent because, as set forth below, applicable law excuses Licensor from accepting performance from or rendering performance to a party other than THQ”.

The filing goes on to read that South Park Studio reserves the rights to retrieve all assets to the game if they so choose. Meanwhile, THQ has issued their own filing in response, claiming that while they’d love to come to a mutual agreement with South Park Studios, as far as they’re concerned they do have the right to sell on and they’ll do it if they dang well want.

Source: NeoGAF via VG247

Once again from the VGAs over the weekend, we have a new and exciting trailer for South Park: The Stick of Truth. The video below features a bonus bizarre second or so of Samuel L. Jackson, so there’s that too, if you’re interested.

The Stick of Truth is one of THQ’s big hitters that they are hoping will revive them financially, so if you’re a fan of their games, do check this one out. Lastly, if the trailer interests you, check out Mr. McCasker’s preview of the game. It’s several months old now, but still the only hands-on we’ve had with it.

South Park: The Stick of Truth is due out in the “early fiscal 2014″, but it has already been delayed once. It will launch on Xbox 360, PS3 and PC.

Can Obsidian really turn South Park into an RPG? We were only to keen to find out, and naturally we sent along the most vile, vulgar and barely house-trained of all the games.on.net staff: Toby McCasker.