Licensing Agreements Now Covering 'The Universe' And Future Media Not Yet Developed
from the about-time dept
However, it looks like lawyers drafting such legal arrangements are beginning to recognize this as an issue and are trying to prepare for such eventual new media opportunities. Eric Goldman alerts us to a WSJ article, highlighting how phrases like "in all media, throughout the universe" are becoming increasingly common in licensing contract language. While some decry this as being imprecise and overly broad, I tend to fall on the other side of the fence. Not having those types of clauses in agreements in decades past have resulted in a lot of long and drawn out lawsuits (and old content that simply cannot be repurposed for modern media). Better to have the language seem ridiculously inclusive than lose culture to history because no one predicted the next popular format.