‘Perpetual’ and ‘Exclusive’: Two Magic Words Doing More Than First Appears
Contracts are full of magic words, and two of my favorites words are ‘perpetual’ and ‘exclusive.’ In a grant of rights, ‘Perpetual’ speaks to how long that grant lasts. ‘Exclusive’ turns on whether anyone else, including the creator who made the work, can ever use that work again. Each word does a lot more work …
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