| Term........................... |
Buy Out |
PGID#..........10600000 0100 |
| In the Context of........... |
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Term Type....Root 1 |
| Also See In Context of... |
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| Note............................... |
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| Definition........................ |
An imprecise term used to describe acquisition of broad usage rights to a work, sometimes in a particular market or medium. |
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| Additional Info............... |
Buy Out is a slang term, often misinterpreted as a transfer of copyright ownership of a work from the copyright holder to the client or client's agent. In the absence of a specific copyright transfer agreement executed by the copyright holder there is no copyright transfer. If this term is used, an additional, precise list of rights granted or transferred should accompany any license. |
| Term In Use................. |
"The clients asked for a Buy Out but agreed to a time-based license for a single campaign." |
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| Variations...................... |
Buyout, Buy-Out |
| Plural............................ |
Buy Outs |
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Note: Synonyms, antonyms & related terms coming soon
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