Subject:
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Re: What if TLC went out of business?
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Newsgroups:
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lugnet.market.theory
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Date:
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Thu, 15 Mar 2001 16:19:01 GMT
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Viewed:
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816 times
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richard marchetti wrote:
>
> Hey Y'all:
>
> What would happen if TLC went out of business? In particular I am
> interested in what would happen to their patents and copyrights.
>
> I don't know that much about this field of the law beyond some basics.
> Could KKK retain such property rights? Or do such property rights belong
> exclusively to TLC as a fictitious person as long as it is in business and
> not thereafter?
>
> I would think that there might be different answers for these questions as
> regards U.S., European, and International law.
>
> Anyone want to take a stab at answering these questions? I am just
> speculating, there is nothing sinister behind the questions. Feel free to
> post followups where it pleases you, I wasn't sure where to put it except
> maybe this newsgroup.
In the US I believe patents are always held by an individual, however
they may be assigned to a corporation. Copyrights may be held by
corporations. When the corporation is disolved, its assets will be
distributed to the creditors. Since TLC is a privately held company, so
long as it didn't go bankrupt, the family would be free to assign the
copyrights to anyone they chose. I'm not sure about the patents, they
might revert to the patent holder (who in many cases is probably not a
member of the family). I have no idea about the trademarks but I would
assume they wouldn't just instantly be dropped, but presumably they
eventually expire.
Being a Danish company, the IP rights would be judged using Danish law
by most countries in most cases.
Of course IANAL...
--
Frank Filz
-----------------------------
Work: mailto:ffilz@us.ibm.com (business only please)
Home: mailto:ffilz@mindspring.com
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Message is in Reply To:
 | | What if TLC went out of business?
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| Hey Y'all: What would happen if TLC went out of business? In particular I am interested in what would happen to their patents and copyrights. I don't know that much about this field of the law beyond some basics. Could KKK retain such property (...) (24 years ago, 14-Mar-01, to lugnet.market.theory)
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