We refer to the agreement between [inserting the name of another party] and [inserting the name of the agent] (agent) with respect to [inserting a specific object] in the amended version from time to time [insert date] (contract) whose copy is attached to this letter and signed by the parties to this letter. [As part of an internal reorganization of our group of companies OR as a result [insertion of the commercial context of the proposed transfer]]] the agent proposes to transfer his rights to [the agent`s name] of a company incorporated in [England and Wales] under the number [insert registered number] to [insert address] (Ass My client was surprised to learn that if he did not register his option (in form) , an unscrupulous rights holder could give the same material the same option a second time and separate my client from his rights under the option agreement. While my client would certainly have a right against the unscrupulous rights holder, the damages that my client could potentially reap may be limited to his expenses and expenses related to the option; no recovery of the potential benefits that the client could have derived from the operation of the program, based on the literary material subject to the option. 17 U.S.C . . . . Copyright law does not require transfers to be registered. For a transfer of ownership of copyright to be effective, it is sufficient that it is written and signed by the parties. Therefore, if copyright law does not require that transfers of ownership be registered, what is the benefit of doing so.
Home > Copyright Law > THE ESSENTIAL PURPOSE OF THE SHORT FORM COPYRIGHT ASSIGNMENT In the scenario in which the first purchaser (or first-time buyer or first holder of an option) does not register interests before a second transfer (or the granting of an exclusive license or option), a second purchaser, who paid a valuable value without notice and first signed his transaction , would have a higher interest in the work. However, if the subsequent purchaser had a communication (constructive, effective and perhaps an investigative communication), the subsequent purchaser would not be more interested. Similarly, the subsequent purchaser would not be more interested if no valid consideration was paid or if the previous purchaser accounts for his transfer within the legal additional period of one (or two) months from the execution of the previous transfer. On August 29, 2015, the Prudential Regulation Authority (PRA) released the PRA Rulebook.