Thursday, October 29, 2009

Paranoia is a professional qualification for anyone who drafts contracts.

The Wall Street Journal reports:
In a May 15, 2008, "expedition agreement" between JWM Productions LLC, a film-production company, and Odyssey Marine Exploration Inc., a shipwreck-exploration outfit, JWM seeks the rights to footage from an Odyssey expedition. The contract covers rights "in any media, whether now known or hereafter devised, or in any form whether now known or hereafter devised, an unlimited number of times throughout the universe and forever, including, but not limited to, interactive television, CD-ROMs, computer services and the Internet."
Odyssey said the wording was standard entertainment-law contract language. Jason Williams, JWM's president, said he feels a bit strange when his lawyers start using "cosmic language," but it's prudent.
"These days there is an enormous amount of concern about how rights get appropriated," he said. "Paranoia is paramount."

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