Panel Function
The system itself was created upon the suggestion of the Register of Copyrights, and is sanctioned to appoint and organize copyright arbitration royalty panels. The primary purpose of the panel is to make decisions involving the adjustment of copyright royalty rates as well as the terms and payments of royalties that fall under copyright law.
When determining the reasonable royalty rates, the Copyright Arbitration Royalty Panel attempts to make the creative works accessible to the public, to grant the copyright holder a fair reward for the work, and to minimize any disruptive effects the industries involved or associated with the copyright holder and user. Additionally, arbitrary decisions are made concerning the adjustment of the copyright royalty rates by this group.
Read more about this topic: Copyright Arbitration Royalty Panel
Famous quotes containing the word function:
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—Frank Smith (b. 1928)