Subject: termless copyright and patents
From: Thomas Lord <lord@emf.net>
Date: Tue, 19 Sep 2006 16:33:49 -0700


So, patents and copyrights extend for X and Y years respectively
and we can fight and fight about what the right values for X and Y
should be.

Perhaps that fight can be put aside by choosing X and Y as
upper bounds and additionally setting a statutory upper bound,
based in part on past licensing revenue, on the price of a
compulsory pull-the-trigger license.

A pull-the-trigger license gives the licensee the right to grant the
general public reasonably complete commercial rights to a work.
Buying a pull-the-trigger license is, in essence, placing a bet
that the purchaser will be the first one to have commercial
incentive to see the work publicly licensed sooner than X or
Y years.  It is a way to let markets decide on patent and copyright
terms.

-t