Electra Rail is about to be no more

Started by Adam1701D, Today at 09:47:50 PM

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Adam1701D

I have been looking on Companies House at Electra Rail and can see that the accounts are overdue and the company will be struck off the register within two months of April 28th.

Not being a legal eagle, I wonder what would happen to the copyright on the original artworks, which I still retain (most of which are attributed to me, rather than the company).

Kind of sad but at least this two-year mystery of what happened with Electra is coming to a close...
Best Regards,
Adam Warr
Peterborough, UK

EtchedPixels

It depends on the exact terms of whatever agreement you had when you sold or licensed Electra Rail on.

Generally though, if you licensed them then the copyright is still yours and there are just whatever restrictions were in the contract. If you sold them then the rights are no longer yours.

Either way the contractual rights or the copyright end up in awkward places if you are not careful. A company that goes bust it'll end up with the administrator, and whether they can enforce or resell that contract depends how it was worded. If it simply gets struck off then the assets end up owned by the crown - not sure what happens with contract rights.

You can actually buy assets from a struck off company in some cases by applying to the relevant Bona Vacantia department. (Same process as buying land in that state).

Much will depend if you had a decent lawyer draft the original contract. If it's a good lawyer then there will be clauses covering this that revert the rights. If not you are going to need a lawyer to unpick the mess quite probably.
"Knowledge has no value or use for the solitary owner: to be enjoyed it must be communicated" -- Charles Pratt, 1st Earl Camden

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