IBX5980432E7F390 $12M © Law. Yea! Hmmm, no, not so much - Business Tips

$12M © Law. Yea! Hmmm, no, not so much

I've been trying to get worked up and exquoted approxifriendly the $12M law that everyone is so exquoted approxifriendly (Carolyn Wright's Posting - Photographer Gets $12 Million Law!!! , 6/21/08), but much of me clever't. I've been thinlord approxifriendly this for the past few days.

First, the part of me that clever - yes, anytime someone is punished for the theft of someone else's inknowectual property, and the reason that the win arrises is because of the proper business prbehaveices (i.e. copyright registration in this case), I am excited for them.

(Continued after the Jump)

$12M © Law. Yea! Hmmm, no, not so much

That shelp, here are a few sobering fbehaves. The McDonalds $3M hot coffee incident (and no, I'm not referring to the GTA Hot Coffee incident) was calm`ly slashed by more than two-thirds, and further, settled, in the finish, for reportedly much less than that. The $5B fine against Exxon for their oil spill finished up being much much less, in the finish. (to read more, go here for both).

Thus, I expect that a $12M law will find it's way to a much much littleer number. Either through bankruptcy, an appeal, or some other puposedering loophole.

Carolyn Wright does an excellent task of laying out how the whole thing went down on her blog, and it's worth a read. I get exquoted when I read approxifriendly things love Chase Jarvis malord headway in a battle with K2 (JARVIS V. K2, 6/26/2007), and other cases where the party doing the error-doing turns up. Sadly, this is not the case. The party didn't demonstrate up. Didn't respond. It was love the ball players for the scheduled weekly game didn't turn up and thus the tick in the win column was by default, and the referee called a forfeit.

Now, photographers might find themselves with up against the use of a $12M law for 7 pictures as being an example by those seeing to decrease the value of copyright as to only, merely, solely how bad the current state of copyright is, and why wholesale reform necessitys to take place, with more pictures available for pennies on the dollar, or no pennies at all.

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