That may be what the contract says, but there's more to contract law than just enforcing a contract. There are, for example, rules governing how contracts are h

That may be what the contract says, but there's more to contract law than just enforcing a contract. There are, for example, rules governing how contracts are handled in the event of a bankruptcy or dissolution of the company. It's likely that Kickstarter backers would become creditors of the bankrupt company and the refund they were due subject to creditor recovery rules.