GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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17:48 Aug 14, 2005 |
English language (monolingual) [Non-PRO] Law: Contract(s) | |||||
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| Selected response from: Tony M France Local time: 11:41 | ||||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +11 | contributed |
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3 +1 | contributed |
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4 -1 | It is similar to owned because the purchase is going to be made BUT |
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It is similar to owned because the purchase is going to be made BUT Explanation: in your text it is clear that the purchase may not yet have been fully carried out. Your text will teel you if the purchase has taken effect or if it is simply a potential purchase. Something is owned once it has been paid for. |
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contributed Explanation: a layman's oppinion a party brings / contributes with a right. No need to own or possess it, just to be entitled to bring it (eg empowered) :) |
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contributed Explanation: It means that if one of the parties to the contract 'brings' intellectual property into the partnership (i.e. it is part of their 'contribution'), they will still keep their rights as owner of that i.p. -------------------------------------------------- Note added at 13 hrs 15 mins (2005-08-15 07:04:01 GMT) -------------------------------------------------- For the sake of clarity, it is self-evident that the party that \'brings\' the i.p. to the (partnership) must, by definition already be the owner of that right --- the context itself says that the right... \"shall remain the property of that Party\" |
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