What is meant by exclusive property?
Exclusive property means real and personal property that is installed, used, and necessary for the operation of an exempt facility, and that is not auxiliary property unless the auxiliary property exempt cost equals or exceeds eighty-five per cent of the total cost of the property..
What does exclusive right mean in copyright?
right to reproduce and make copiesCopyright ownership gives the holder of the copyright in an original work of authorship six exclusive rights: The right to reproduce and make copies of an original work; The right to publicly display the work, and. … The right to perform sound recordings publicly through digital audio transmission.
What are the 5 exclusive rights of copyright holders?
The five fundamental rights that the bill gives to copyright owners—the exclusive rights of reproduction, adaptation, publication, performance, and display—are stated generally in section 106.
What does non exclusive mean in a contract?
A Non-Exclusive Licence grants to the licensee the right to use the intellectual property, but means that the licensor remains free to exploit the same intellectual property and to allow any number of other licensees to also exploit the same intellectual property.