- Sep 28, 2017
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Usually when a company is shutting down, they will put up their remaining assets (this means intellectual property as well) for sale to settle their remaining debts / distribute excess funds among owners/shareholders. It doesn't just "vanish".I'm not inclined with such opinion. Unless there are royalties involved on the product selling, I don't think sue the heck of everyone is possible. Another point is that the company is shutting down rather than being bought or product IP (product ownership) transfer. So, I don't see how suing would occur. Which is why, the products are instead taken off from stores, basically nobody wants to take over it.
I guess this maybe depends on the country, but I dont think there should be many differences between first world countries.
So there is nothing stopping the new owner of the associated intellectual property to sue.