Square-Enix has dropped the rights to its trademark "Chrono Break" from the U.S. Patent and Trademark Office. They are still holding on to their Japanese trademark of "Chrono Brake", however, and so it has become a mystery as to what will happen to the successful franchise. There has still been no official word regarding a new Chrono game, and all that is known is that Masao Katou, the scenario writer for Square's first two Chrono games, is no longer affiliated with Square-Enix since finishing his work on Final Fantasy XI.
[Sources - Square Insider]
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