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To: Selectric II who wrote (7552)4/6/2001 12:41:38 PM
From: Brian Sullivan  Respond to of 10934
 
Can't a bankruptcy judge order a transfer of the license? They seem to with other contracts.

Perhaps a judge could transfer the license in the entire company was purchased out right. But most of these failing dot-Com's aren't being acquired by anybody. They are just being sold for parts and I can't see a judge transferring a license to the high bidder at an auction.



To: Selectric II who wrote (7552)4/6/2001 4:09:40 PM
From: DownSouth  Respond to of 10934
 
Not sure what bankruptcy has to do with it, but it is an asset of the company and is handled as such. It is hardly ever given away, as the claimants want to use the asset to generate revenues.

Wang had big problems with this issue and prevailed. All who had bought used Wang equipment had to pay up, shut it off, or risk punitive damages. There were a series of hotly contested cases, but all lost to Wang, even during and after bankruptcy, as I recall.


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