Licenses and the Property/Contract Interface

INTRODUCTION I. THE ROLE OF FORMAL CATEGORIES II. THE COMPOUND-PAUCITAL LICENSE A. IDIOSYNCRASY AND INFORMATION ASYMMETRIES B. REGULATING LICENSES 1. THE NOTICE STRATEGY 2. THE PROTECTION STRATEGY III. RESTRAINTS ON ALIENATION AND USE A. HARMS CAUSED BY RESTRAINTS ON ALIENATION AND USE 1. INCREASED INFORMATION COSTS 2.WASTE B. LIMITING HARM WITH PROTECTIVE STANDARDIZATION 1. THE LICENSE V. SALE DISTINCTION IN PRACTICE 2.WHAT IS A DIGITAL SALE? 3. FAVORING SALES WITHOUT LOSING FLEXIBILITY C. DISTINGUISHING BETWEEN IN REM AND IN PERSONAM LICENSE TERMS IV. LICENSE REVOCATION A. TIMING REVOCATION B. BENEFITS AND CONCERNS 1.MANAGING SHARED RESOURCES VS. UPSET RELIANCE INTERESTS 2. DESTABILIZING PERSONHOOD CONCLUSION