Idaho State Statutes - Idaho Attorney Directory

LICENSEE OF GENERAL INTANGIBLE AND LESSEE OF GOODS IN ORDINARY
COURSE OF BUSINESS. (a) In this section, "licensee in ordinary course of
business" means a person that becomes a licensee of a general intangible in
good faith, without knowledge that the license violates the rights of another
person in the general intangible, and in the ordinary course from a person in
the business of licensing general intangibles of that kind. A person becomes a
licensee in the ordinary course if the license to the person comports with the
usual or customary practices in the kind of business in which the licensor is
engaged or with the licensor's own usual or customary practices.
(b) A licensee in ordinary course of business takes its rights under a
nonexclusive license free of a security interest in the general intangible
created by the licensor, even if the security interest is perfected and the
licensee knows of its existence.
(c) A lessee in ordinary course of business takes its leasehold interest
free of a security interest in the goods created by the lessor, even if the
security interest is perfected and the lessee knows of its existence.

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