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Is this fundamentally different then any other licensing agreement? Presumably if you want more security you'd get a lawyer and sign a contract but it's not som
by throw_nbvc1234 4y ago
Is this fundamentally different then any other licensing agreement? Presumably if you want more security you'd get a lawyer and sign a contract but it's not something I've ever had to deal with before. If you think the company is going to go bankrupt then you probably wouldn't make the deal to begin with.
- jameshart 4y agoIf you have purchased a license from a copyright holder, and then they go bust, and the copyright gets picked up in the ensuing fire sale by someone else, you still have the ability to go to the new rightsholder and say ‘hey, those rights were licensed to me, I plan on continuing to exercise them.’ But it is by no means clear that someone who bought an NFT from someone who bought an NFT from someone who bought an NFT from the original copyright holder has any basis for being able to expect the new holder of that copyright to continue to allow them to exercise the terms of the original license agreement made between the original seller and the original buyer.