Legal Status
Although widely considered to be Microsoft’s product, there are fifteen member companies within the VC-1 patent pool (as of August 17, 2006). As an SMPTE standard, VC-1 is open to implementation by anyone, although implementers may be required to pay licensing fees to the MPEG LA, LLC licensing body or directly to its members, who claim to hold essential patents on the format (since it is a non-exclusive licensing body).
Read more about this topic: VC-1
Famous quotes containing the words legal status, legal and/or status:
“In the course of the actual attainment of selfish ends—an attainment conditioned in this way by universality—there is formed a system of complete interdependence, wherein the livelihood, happiness, and legal status of one man is interwoven with the livelihood, happiness, and rights of all. On this system, individual happiness, etc. depend, and only in this connected system are they actualized and secured.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“There are ... two minimum conditions necessary and sufficient for the existence of a legal system. On the one hand those rules of behavior which are valid according to the system’s ultimate criteria of validity must be generally obeyed, and on the other hand, its rules of recognition specifying the criteria of legal validity and its rules of change and adjudication must be effectively accepted as common public standards of official behavior by its officials.”
—H.L.A. (Herbert Lionel Adolphus)
“As a work of art it has the same status as a long conversation between two not very bright drunks.”
—Clive James (b. 1939)