ADMS 2610 Lecture Notes - Lecture 11: Qantas, Space Elevator, Moral Rights
14 Apr 2016
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Document Summary
Public policy: i. p. laws protect consumers and inventors. Each statute is slightly different, but each tries to balance the right of public access, and use of ideas and information to foster increased innovation, as well as new literary and artistic works. The legal issue then is unjust enrichment to some at the expense of the creators. A royalty is a usage-based payment made by one party (the licensee ) to another (the licensor ) in return for the right to ongoing use of someone else"s assent, in this case intellectual property. A royalty interest is the right to collect a stream of future royalty payments. Royalty interests are common in the music industry to describe a percentage ownership of future production or revenues. Kelly clarkson, carrie underwood, chris daughtry, jordan sparks and simon. Fuller of american idol are only 5of the many suing sony music for underpaid royalties amounting to m.
