The following IP Q&A provides comprehensive and up to date legal information covering:
It has been assumed that copyright subsists in the works under the Copyright, Designs and Patents Act 1988 (CDPA 1988). See Practice Note: Copyright—subsistence and qualification. It has also been assumed that the law of England and Wales applies.
This Q&A covers copyright law only.
In the US, the copyright in any work belongs initially to its author. In the case of a work made for hire, the employer or other person for whom the work was prepared is considered the author unless the parties have expressly agreed otherwise in a written instrument signed by them. For further detail, see EF&P: USA: authorship ownership and transfer of copyright: Encyclopaedia of Forms and Precedents .
For original literary, dramatic, musical and artistic works in the UK, CDPA 1988, s 9 defines the author of each category of work as the person who created it. The first owner of any copyright in a work is the author (CDPA 1988, s11(1)).
The first owner of the copyright in a literary, dramatic, musical or artistic work or in a film made after 1 July 1994, made by an employee in the course of his employment will be the employer (unless there is agreement to the contrary) (CDPA 1988, s 11(2)).
In the UK, copyright in a commissioned work belongs to the author in the
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A limited company that proposes to issue redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006).Why do companies issue redeemable shares?A company may wish to issue redeemable shares so that it has an alternative way to return surplus capital to shareholders without
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