Technically, no you cannot create a torrent because it would be a derivative work under copyright law, which generally protects software rather than patent law. However, the same is also true of a wav file being converted into a mp3 file for storage on a computer or media player. While technically not allowed, most patent/copyright cases do allow some leeway for such circumstances, provided the software is solely for personal use replacement, not sold and does not violate the shrink wrap license an/or EULA.
Answered on Sep 11th, 2013 at 2:04 PM