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The current U.
S. copyright laws grant the copyright holder the exclusive rights over: reproduction, adaptation, publication,
performance, and display. A limited, but nevertheless important in the
library context, exception to the exclusivity of these rights is the
"first-sale doctrine;" under the first-sale doctrine, a person who
legitimately owns a copy of the original work, i.e., one who has
purchased the work from or otherwise acquired ownership of the work with the
permission of the copyright holder, has the full authority to "sell or
otherwise dispose of the possession
of that copy" so acquired without additional permission from the
copyright holder.[ section 109(a)]. (This is one of the main legal premises
that allows a library to loan the materials it acquires for its collection
and thus function as it does today.) Thus, if a particular transfer of
intellectual property is deemed to be a sale, then the owner of the copyright
will have lost all control over that particular copy of the work. This is in complete contrast to the
situation in which the copyright owner licenses a work, meaning that the
owner of the copyright entered into a contractual agreement with another
party regarding the use of the work, but not its ownership. Under a licensing agreement, the work has
not been sold, but instead permission to use the work, within whatever
specified conditions or guidelines may be set forth or defined in the
license, has been established. And in
this situation, the copyright holder has not given up any of his rights in
the future use of the copy of the work involved, except to the extent he may
have chosen to do so in the license agreement itself.
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