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I have a license agreement with a company that did not renew thier business lisense in the state of nevade.They are still doing business. Is my license agreement valid?
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The license agreement is still valid, but it could be terminated.
It would depend upon the law of the State of Nevada and the language of the license. If failure to renew a business license results in dissolution of the company, the license should indicate that the license is terminated if the company dissolves. If the license is silent as to this possibility, then if the license is interpretted under the laws of the State of Nevada, you need to look to state laws to determine when the company's status results in termination of a license.
Answered on Apr 08th, 2014 at 10:13 AM