section 16.3 states that
If the termination of this EULA involves Packs, Third-Party Content or other licensed materials (e.g., sound samples, loops, musical phrases, etc.), You may not redistribute or publicly perform, make available to the public, or otherwise commercially exploit music containing these elements after the termination of this EULA without obtaining a separate license from Ableton for such content.
Does that mean, in case that I don't use Live anymore and transfer the license to others, the music I made with Live are not allowed to be monetized or published online? This does not sound right to me. I would not like termination of the license to retroactively affect the pervious licensed use of meterial. If that's the case I might reconsider my purchase decision