Quote:
Originally Posted by burnafterreading
if one of the parties ceases to exist and there's no clause in the contract that dictates who steps in to replace said party, then the contract ceases to exist. and thus does the license. no more contract, no more license to read the book, no more access to the book. how are (some of) you people not getting this!?!?
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Nonsense. The purchase of an ebook gives a licence from the copyright holder, not the retailer. It is good for the length of copyright of any part of the book.
The fact that it is a perpetual licence is one of the reasons that US courts have ruled that such licences (in the case of computer software) are actually sales.