Overview[]
“[U.C.C.] Article 2B deals with transactions in information; it focuses on a subgroup of transactions in the ‘copyright industries’ associated with transactions involving software, on-line and internet commerce in information and licenses involving data, text, images and similar information. It excludes core licensing activities in many traditional fields of licensing including patent, motion picture, and broadcasting, but covers transactions in digital and related industries. In the digital economy, information industries are rapidly converging into a multi-faceted industry with common concerns. That converged industry exceeds in importance the goods manufacturing sector.”[1]