Software Licenses Do Not Automatically Transfer in a Merger or Acquisition

Software licenses provide businesses with the right to use software programs.  Many of these programs become interwoven into the fabric and function of the company.  As a general rule companies do not own the software they license.  The corollary is that they do not, unless expressly agreed, possess the right to transfer or assign the licensed software they use to a new entity when later involved in a merger, acquisition or internal corporate restructuring.  Read More ›

Categories: E-Commerce, IT Contracts