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Originally Posted by pilotbob
I was thinking about the Disney thing the other day. If you create IP while you work for a company, then the company owns the copyright. Is that correct?
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It depends on the terms of your employment contract but, generally speaking, yes, that's true.
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If so, there is no "death" of the company. Does this many anything copyrighted by a company will be under protection perpetually until the company fails?
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"Corporate" copyright, unlike "personal" copyright, has a fixed term. In the US, the term is currently 95 years from the date of initial publication.
There's a good summary of the current law here:
http://www.copyright.cornell.edu/public_domain/