Copyright is an author's legal ownership of a work he created. Initially the term referred to printed works but now it extends to compositions distributed by internet, by CD, by broadcast, or by a wide variety of other methods. The work may be any creative material including music, art, photographs, movies, etc.
A copyright is intellectual property that is specifically mentioned in the US Constitution. The term of a copyright has varied over the years with changes in the law. Usually it is the life of the author plus 50 or 70 years. There is an international copyright convention, known as the Berne Convention, with which US law attempts to conform. Under the Berne Convention, the US no longer requires copyright registration. The right is presumed to exist from the date of publication. Once a copyright expires, the work passes into the public domaine, meaning anyone is free to use it without payment of fees. However, increasingly the internet, movies and cable TV give value to even classical works. Moreover, the copyright to some iconic characters like Mickey Mouse or Winnie the Pooh are extremely valuable. A copyright is indeed an asset.
Related Fool Articles
- [link link title]
Recent Mentions on Fool.com
- Why 60% of Public Companies Are Incorporated in This State
- Turnkey Investing 101: What to Avoid and How to Know if It's Right for You
- 6 Tips to Protect Newbie Landlords Against Bad Tenant Situations
- 7 Smart Tips for Getting the Most Out of a Property Inspection
- Pandora Media, Inc. Stock's Roller Coaster Ride Isn't Done Yet
- The Price Pressure's on Pandora Media Inc.