Link to the article: License to read versus physical book
Just a reminder when buying anything digital, you're not buying an physical object (book, CD, DVD, etc). You're buying the license to read/listen/view the material covered by the license.
I'm half-and-half on this issue. With Amazon and iBooks (and presumably Barnes and Noble) you're just buying the license to read. I've never bothered reading the licensing agreement, so I'm going with the idea that the license has no termination date. If your e-retailer revokes your license before the end of the licensing period, they should refund your money (unless there is some egregious violation of the terms of use) or whatever portion remains before the license expires.
One of the downsides to digital books over traditional dead tree books.
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