37 CFR Part 388 – Adjustment of Royalty Rate for Coin-Operated Phonorecord Players
Current as of: 2024 | Check for updates
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| § 388.1 | General |
| § 388.2 | Definition of coin-operated phonorecord player |
| § 388.3 | Compulsory license fees for coin-operated phonorecord players |
Terms Used In 37 CFR Part 388 - Adjustment of Royalty Rate for Coin-Operated Phonorecord Players
- Donor: The person who makes a gift.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Tenancy by the entirety: A type of joint tenancy between husband and wife that is recognized in some States. Neither party can sever the joint tenancy relationship; when a spouse dies, the survivor acquires full title to the property.