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CoMakery / dynamic-royalty-license

STATUS: EARLY DRAFT - A license to maximize open innovation and collaborative peer production through royalty sharing tokens.
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Crowd funding compatible license #4

Open aquabu opened 8 years ago

aquabu commented 8 years ago

Can one license support this or does there need to be one for equity and the other for royalties?

jesseposner commented 8 years ago

I think it would better to have separate agreements for equity and royalties because it's very important that both users and regulators understand that the royalty agreement is not intended to be subject to securities regulation, whereas the equity agreement would be, and so a firm separation would help underscore the distinction.

aquabu commented 8 years ago

Yes. Maybe I should take the leap and rename the repository to Dynamic Royalty Organization. Naming is hard.

jesseposner commented 8 years ago

@aquabu From a certain perspective, it's not necessarily an "organization" because there's no equity and no specific jurisdiction. Maybe something like the following would work:

aquabu commented 8 years ago

Dynamic Royalty Licensing - this could work Dynamic Royalty Software Development - license could and may to apply to co-authored books. Dynamic Royalty Open-Source Software - it may be closed source

Which of these are ok?

  1. Dynamic Royalty Token
  2. Dynamic Royalty Coin
  3. Dynamic Share
  4. Dynamic Royalty Share
jesseposner commented 8 years ago

I like Dynamic Royalty Token, because a token is something given as a guarantee of a right, in this case the royalty rights of the contributors. I prefer token to coin or share because a coin implies currency and a share implies equity.