I don't think they'd necessarily have to stop selling games produced while they had the license.
That's not how IP licensing works. You need the license to sell the associated products. If you do not have the license, you can't sell it anymore. If Beamdog is still publishing the BG games that means they still have BG publishing rights.
But to make a Baldur's Gate 3, Beamdog would need a new D&D/FR license from WotC.
The split over the Baldur's Gate video game IP and D&D/FR licenses is why the titles were in publisher hell for a while. Interplay kept the BG video game IP publisher rights when Atari got the D&D/FR exclusive rights in like 2002. It wasn't until 2008 that Atari got the BG video game IP rights. In 2011, Atari lost the D&D license to Hasbro (WotC) after a court case, but kept the BG publisher rights. Around that time, Overhaul (aka Beamdog) started to make the EE for Atari. Then Beamdog bought the BG publisher rights from Atari somewhere between 2014-2016.
On top of that, I think the Baldur's Gate console rights at still at Interplay.
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