I know if I owned a valuable patent and was licensing (or selling) those patent rights, I would have two clauses in the contract. One would be that if the company were to sell those patent rights, I would have the right of first refusal. The second clause would be that if the company declared bankruptcy (or otherwise went out of business) then all patent rights reverted back to me. This would be the case particularly if I was selling/licensing those patent rights to a company for which I was the CEO. After all, I would be negotiating with myself.
But in this case... who knows?
"I guess, this is just a guess, if nobody takes the patents JW might take them back automatically????????????????????" - idcc2006
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."
Upton Sinclair
