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Originally Posted by alf6300
Paul, I'm confused (or, possibly, one of us is confused).
Besides the fact that some adult companies are publicly traded (as pointed out by Colmike7) the larger point is that basically EVERY FUCKING COMPANY has shares, not matter if they are public or not. The only exception being the sort of one-man operations with special statuses as "sole proprietorship" and the like, which in most legislations means that you are liable with your personal assets for the company fortunes.
You can't do business, let alone process payments or have a merchant account, if you don't have some type of business registration. Almost always, unless you are willing to risk your personal ass, this means that you have shares you can sell or buy.
It's possible, Paul. What above is not much of a theory, though, it's just how it works. I'm very much willing learn where I am wrong (no irony, it's something I have a practical interest in)
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Yes as I said before. Then the transfer of the license or company to another owner comes into place.
The license covers all the possibilities possible. It's intention is to license the buyer and stop him from selling the license, which is part of the companies assets, to other people. Otherwise it ends up as a huge mess.
I expect people to stick to the license they agreed to when the bought the license. All they have to do is get the new buyer to contact us for a new license and a small admin charge.
Maybe this explains it better.
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Licensee agrees to pay to Licensor one-time lifetime fee for this Product(s). Of $0. The Licensor may (or will) revoke the license if any of the terms or conditions of this license are violated, if Licensee declares bankruptcy, sells or closes the business, obtains a refund of the product or fails to pay. Involuntary revocation of the license does not grant Licensee any refund of the payment made. This license is not transferable, WITHOUT THE WRITTEN CONSENT OF THE LICENSOR. All sales are final and no refunds could be given unless Licensor will decide to give a refund. Licensee must provide a complete list of ten domains in which material is to be used. This list is to be returned to Licensor along with the license agreement.
GRANT OF LICENSE, GENERAL TERMS
The Licensor who owns and distributes the Product, named above. Grants in accordance with this agreement a Non Exclusive license to only show the images on the Internet sites listed below. Or from Thumbnail Post Galleries URLs that directly link to the site displaying the Product. This license for the above product, can and will be issued to other companies at Licensor's discretion.
UNACCEPTABLE USES OF LICENSED CONTENT
The Licensee does not have the right to resell, rent, lease, transfer, redistribute or re-license the product.
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So even if the company is sold, the new owner needs to come back to me. 90% of the time the old owner doesn't even have the paperwork signed by us as he never returned it for signing or never gave it to the new owner. We find out later So all your objections are mute in these cases.
I hope that makes it clearer.
We are so heavy on members who don't abide to our licenses, sponsors who don't abide by their licenses, yet content providers don't get the same respect.
Thank you for diverting the thread.