Assignment of the Author’s Economic Rights* Hazel Coşkun Baylan The author is the person creating the work and automatically becomes the owner of the economic rights on the work by the creation thereof. If the author does not have the resources to solely exercise the economic rights on the work, s/he may apply two different methods to benefit from the economic rights as regulated under Intellectual and Artistic Works Act numbered 5846 (“IAWC”). These methods assign the economic rights and assign the authority to exercise the economic rights; in other words, granting licenses for economic rights. Assignment and License The author has six economic rights, which are the right of adaptation, right of reproduction, right of distribution, right of performance, right to communicate a work to the public by devices enabling the transmission of signs, sounds and/or images, and right to payment of the sale of share proceeds, and pursue the same as designated under Articles 21 – 25 and 45 of the IAWC. If the author assigns an economic right, the assigned economic right leaves the assets of the author and becomes a value within the assets of the right holder who assigned the economic right. The assignee right holder becomes the owner of all rights attached to the assigned economic right, including the right to initiate an action. On the other hand, if the author grants a license on the economic right, such economic right remains under the assets of the licensor author. The licensee right holder only has the right to use and benefit from the licensed economic right.1 * Article of April, 2021 1 Bozbel, Savaş: Fikri Mülkiyet Hukuku. On İki Levha Yayıncılık, 2015, p. 198199.
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