Elven6 said:
Yes, that's the one I was talking about him referencing.

If the MMO is canned (hence making the contract void according to Caen's description) the three game deal would return.
I guess that could be the closest the rights could truly revert.
Could you image how divided the community would be then?
At this point I'm starting to suspect you're fucking with me, but I'll give you the benefit of the doubt. However, I do feel as thought we're going in circles, so this is the last response I will make to you on the matter. I want to be absolutely clear on these points:
The MMOG being canceled is not sufficient to void the sale. The Trademark Licensing Agreement, which allowed Interplay to continue making the MMOG, is a separate contract from the Asset Purchase Agreement, with which Bethesda purchased the Fallout intellectual property. If Interplay have not met their responsibilities as outlined in the Trademark Licensing Agreement and are unable to continue work on a Fallout MMOG, Bethesda will still own Fallout. I don't think I can make it more clear than this.
Typically, there are very few situations in which a contract is unilaterally voidable. Fraud is one of them, but I don't think that's applicable at all. I discussed the concept of Material Breach of Contract, but even that is very dubious because Bethesda clearly have not breached the Asset Purchase Agreement. I just don't see where the argument has any merit. Even if we assume the best outcome for Interplay out of the plausible options and Bethesda are found to have interfered in the ability of Interplay to fund their MMOG, I still don't believe the court will allow interplay to rescind the contract. I talked about that when I discussed remedies at law and remedies in equity.
To reiterate, there does not appear to be any realistic course by which Interplay will recover ownership of the franchise. It will not happen.
The reversion clause was not even placed into the APA to protect Interplay; it was written to protect Bethesda. At the time of the sale, Interplay was facing lawsuits attempting to force them into involuntary Bankruptcy. Bankruptcy can be an extremely hairy financial situation, and there was a possibility that it could complicate the sale of Fallout to Bethesda. The ELA clause was written into the APA so that if sale was voided during bankruptcy proceedings, Bethesda would not be left with a partially completed game they couldn't sell. If you're looking to this clause for some kind of hope that Interplay might recover the license, then you are barking up the wrong tree.
To reiterate once more: If the MMOG is canceled, Bethesda still own Fallout. Nothing in any of the contracts says otherwise.