Guide
Licensing data while winding down a company
By SourceX Editorial · Updated
Draft under editorial review.
Short answer
A company winding down may still hold valuable work records. Licensing a prepared copy can return value to stakeholders, but privacy promises, customer contracts and the wind-down plan must allow it.
How it works at a glance
- 01
Supply
- 02
Rights
- 03
Preparation
- 04
Approval
- 05
Delivery
What to know#
- Privacy notices you gave customers still matter
- Directors may need to approve asset sales
- Records must be handled before systems are switched off
- Timelines are usually tight
What to check#
- Export data before accounts are closed
- Confirm who can sign for the company
- Ask counsel about obligations to creditors
How SourceX handles it#
- We assess fit before you share anything.
- Rights and laws are reviewed deal by deal with counsel.
- Personal details are removed and checked.
- Your company approves every release.
Quick check#
| Question | If yes | If no |
|---|---|---|
| Are your rights clear? | Move to preparation | Review contracts first |
| Can you export the records? | Plan the export | We'll guide alternatives |
Check your fit
FIT ASSESSMENT / 0 OF 5 ANSWERED0%
Q1 / 05 · COMPANY SIZE
How many full-time employees at your peak?
Frequently asked questions
Is it too late once we've announced a wind-down?
Not necessarily. What matters is that records are still accessible and rights are clear.
Is this legal advice?
No. It's general guidance; your counsel should review your deal.
Related
General information, not legal advice. Editorial policy.
See if your company qualifies
A short company assessment. No data uploads are needed.