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What happens with asset licenses after a legal form change?

Hi,

Situation:

  • 2 people are developing a game in a business partnership (e.g. German GbR)

  • one of them buys asset licenses from the marketplace for the game

  • things work well and they want to change the legal form to a capital company (e.g. German GmbH) which sells the game

Question:

  1. The same two people own the capital company and it's still the same game. What happens with the asset licenses? Do the company has to buy them again?

  2. Another company buys their company. What happens with the license now?

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asked Nov 26 '18 at 08:20 PM in Legal & Licensing

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JoePenuci
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2 answers: sort voted first
  1. The assets may continue to be used for that project (but not other projects after that).

  2. We don't permit transfer of assets from one purchaser to another, but as above, the assets could continue to be used by the same two people for the same project.

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answered Nov 27 '18 at 11:24 PM

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SonsOfKorhal STAFF
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  1. Seems clear: Since the initial buyer is still owner of the company, the license covers this case but is restricted to THAT single project.

  2. Sorry, I wasn't clear on the second case. The two people are not part of the company anymore. The licensee should be the company not the person.

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answered Nov 28 '18 at 08:43 AM

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JoePenuci
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