piatkow - 11:10 am on Sep 30, 2010 (gmt 0)
sorry not following you on the second para. Please explain.
A limited company retains its identity regardless of any change of ownership. If Jim's business is incorporated then selling it to Joe does not affect the licence.
A problem of course is that if somebody else acquires the license they can simply stop publishing and cut off the royalties. Not likely? I know of one businessman sitting on a large back catalogue of recordings.
Another thing in the licence is to ensure that you are only licensing one feature and not cutting off your right to publish in another format. Or giving the licensee the right to publish in other formats without paying a royalty. Hire a lawyer!
I have just realised that I have been switching between English and American spellings in that post. I really can't be bothered to go back and correct that.