------SNIP-------
The issues here comes down to a) fixing the incorrect registration
(which, as far as I can tell, can be done with a CA form altho the
copyright office will show both registrations) and b) convincing the
Trustee that the book which didn't sell well and that was 15 years ago
isn't much of an asset and he should let the rights go back to the
author. I'm going to see how one does that. It's not a claim in
bankruptcy because there's no debt owed.
The contract does not have a rights reversion clause, a bankruptcy rights reversion clause, or an OP clause which means that unless the Trustee is willing to disaffirm the agreement, author's stuck until and unless the rights are either sold to another company.
----SNIP------
Carol
-- Carol A. Busby Attorney at Law 141 W. 39th Avenue Eugene, OR 97405 541-484-6860; fax: 541-338-7155 carol[_at_]drogon.com When there are a lot of people that are owed more money than there are assets, I would hope that the trustee would be reluctant to rule that ANY possible asset wasn't worth anything and should be given back to the creator. I would think that the best thing would be for the client to either wait until somebody ends up with "everything else" and offer to buy the rights back, quite possibly on the cheap. Or, you could try to sue for the monetary difference in value between the copyright assignment agreed to and the Work-Made-For-Hire that was fraudulently claimed. I suspect that the valuation of would revolve around the expected income stream 35years after publication. On the one hand, the trustee might decide that this was an additional headache easily avoided. On the other hand, this would tend to persuade the trustee and whoever ended up with the remaining assets that the assigned rights were ACTUALLY WORTH something and should be bargained over. Probably not the way to go. But of course this tactic would result in a lot more billable hours. ;-)Received on Wed May 31 2006 - 23:20:31 GMT
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