Re: Resale of Software

seems to me, the judge has the call on this one, because the debtor has the right to retain or reject contracts, and even to modify contracts, hence last time I looked a license is a contract and in the case of a license the underlying ip is controlled by it. I d/n know for sure, but a hearing could answer the question.(not a lawyer, not legal advise)check with the bankruptcy lawyer.

At 09:56 AM 12/18/01 -0500, you wrote:
>I am working with a colleague who is a CPA, assisting him with the
receivership of a company in
>Baltimore. Part of the tasks is selling the assets to satisfy a debt owed
a secured lender. My
>question to the list: What are the intricacies of selling software that
the company possesses?
>Can we do it? Is it a no no? I suppose that when we sell a PC, if it has
NT loaded on it, we
>can and should sell the related CD if it is a single user license. On the
other hand, if it is
>a multi-user license, unless we sell the entire PC collection to one
buyer, we should delete the
>software prior to sale. Please offer your thoughts regarding such issues.
 Of course I will
>read the documentation that accompanies the actual source media for the
software, but I would
>like to get a broad commentary.
>
>In any event, I hope everyone is enjoying all that this time of the year
brings.
>--
>Marvin L. Egolf
>Cellular 410-808-8240
>Text to cell 4108088240[_at_]messaging.nextel.com
>-------------------------------------
>LGM Enterprises, Inc.
>Voice 410-515-2959 - FAX 410-515-7022
>http://members.home.net/lgmenterprises
>-------------------------------------
>Baltimore Area INNMUG
>http://members.home.net/baslua
>
>
>Attachment Converted: "c:\eudora\attach\megolf.vcf"
>

Computer Aided Cell and Molecular Biology (CACMB), not medicine, will find the cure for cancer and other diseases. There will always be a need for the trained clinician (MD/RN) but, advanced diagnostic and treatment option selection has become gene based, has moved from the physician's practice to the computerized cell and molecular biology laboratory, and appropriate treatment options should now be based on the personal biology of the patient. Received on Wed Dec 19 2001 - 15:11:40 GMT