{"id":5388,"date":"2017-08-09T10:01:49","date_gmt":"2017-08-09T16:01:49","guid":{"rendered":"http:\/\/bgs.com\/?p=5388"},"modified":"2017-08-09T10:01:49","modified_gmt":"2017-08-09T16:01:49","slug":"who-owns-that-software","status":"publish","type":"post","link":"https:\/\/www.bgs.com\/blog\/2017\/08\/09\/who-owns-that-software\/","title":{"rendered":"WHO OWNS THAT SOFTWARE?"},"content":{"rendered":"

\"\"
\nOwnership is important\u2026 especially in the context of a sale. If you want to sell your company, whether as an asset sale or through an ownership sale, the buyer will want to make sure that it can continue to use the software that you use. Conversely, if you are buying a company, don\u2019t forget that the accounting software and whatever else is used in running the company is an important asset! Business owners FREQUENTLY forget about this. \u00a0When investigating assets do not forget about the software (and make no assumptions\u2026)
\nOwnership is incredibly important, as this gives that person:<\/p>\n

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  1. The right to reproduce the code<\/li>\n
  2. The right to create “derivative works” based on the code<\/li>\n
  3. The right to distribute copies of the code<\/li>\n
  4. The right to “display” the code, for example by posting to a web site. (17 S.C. \u00a7 106)<\/li>\n<\/ol>\n

    \"\"<\/a><\/p>\n

    The basic rule is this \u2013 the person that puts fingers to the keys and creates the code, owns it, except for three exceptions\u2026.<\/strong>\u00a0\u00a0<\/span><\/p>\n

    There are three exceptions to the basic rule that almost consume the rule itself.<\/strong>\u00a0 These exceptions are:<\/p>\n

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    1. Work \u201cmade for hire\u201d<\/u>\n