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> If you go bankrupt you are mandated to just open source your software in that case. Or insurance that covers the complete refund cost of all assets sold. The
by RHSeeger 2y ago
> If you go bankrupt you are mandated to just open source your software in that case.
Or insurance that covers the complete refund cost of all assets sold. There are cases where you may be using 3rd party software that you license that you cannot open source. And, in that case, you're on the hook for refunding the cost of the item.
- Xelbair 2y agoNo, because in case of insolvency some parties can get priority, and the assets will be auctioned off to just cover the priority ones.
- RHSeeger 2y agoThat's why I said insurance to cover it. And the insurance would be dedicated to covering that; it wouldn't be accessible to pay off other creditors.
- account42 2y agoRefunding the purchase price is rarely enough to make you whole. At there very least it would need to be inflation adjusted and also compensate you for any additional costs incurred (installation, any loss of income due to unavailable until a replacement can be found, time required to select a suitable replacement, emotional damage).
- RHSeeger 2y agoI guess the other option would be to require that any licensed binaries for the software needed to include a transfer of license (for the purpose of rebuilding the software to a runnable state) to any parties that purchased the product using that blob licensed library.