So the court wouldn't allow me to sell piecemeal something I own (assuming I purchased) because a license says I have to distribute it with other things? Maybe, maybe not.
As far as the required permissive transferability of licenses goes, what parts of the license terms will the new purchaser have to meet? Since some software is sold at different prices (or has different features) to different organizations and locations through primary channels, what restrictions will apply?
Can educational copies only be resold to educational institutions? Can volume OEMs only resell to OEMs?
Since a license is a grant of use, it implies that a grant given to one can now be transferred to someone else as long as the original gives up the privileges, but without the grantor having a say. Since the license also usually spells out what the grantor grants, it forces the grantor into a new relationship.
It comes down to treating a license as a product, rather than a license; there will be impact, perhaps in how licenses are written in the future so as to have grantors disallow things, or require continuing payment for updates and support (my original contention on subscription software).